Fidelity reportedly marked up its X stake by 32 percent
Fidelity marked up the value of its holdings in Elon Musk’s X (formerly Twitter) by 32.37% in October, according to a report in Axios. Even with this markup, Fidelity still values the company at 72 percent less than the $44 billion that Musk purchased it for in 2022. Axios reports that this move is probably […] © 2024 TechCrunch. All rights reserved. For personal use only.
Fidelity marked up the value of its holdings in Elon Musk’s X (formerly Twitter) by 32.37% in October, according to a report in Axios. Even with this markup, Fidelity still values the company at 72 percent less than the $44 billion that Musk purchased it for in 2022. Axios reports that this move is probably […]
© 2024 TechCrunch. All rights reserved. For personal use only.
What's Your Reaction?
