- cross-posted to:
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- cross-posted to:
- [email protected]
Fidelity marks down X valuation by 71.5%::Asset manager Fidelity has marked down its investment in Musk-owned X by 71.5% from the original valuation of shares.
Fidelity marks down X valuation by 71.5%::Asset manager Fidelity has marked down its investment in Musk-owned X by 71.5% from the original valuation of shares.
He bought it with the specific intent of using it to measurably impact the election we’re having in 10 months.
And for 44 billion, so he basically got screwed out of a small fortune to ruin it for someone else. It would have been cheaper and as effective to distort the election to keep running it the way it was.
“small”
I know this and have repeated it elsewhere. In this particular sense, it does have the value he paid.