https://www.axios.com/2023/12/31/elon-musks-x-fidelity-valua...
"Fidelity has again marked down the value of its shares in X Holdings, which the mutual fund giant helped Elon Musk buy for $44 billion when the company was known as Twitter.
By the numbers: Fidelity believes that X is worth 71.5% less than at the time of purchase, according to a new disclosure that runs through the end of November 2023 (Fidelity revalues private shares on a one-month lag).
* This includes a 10.7% cut during November, during which time Musk told boycotting X advertisers to "go f*k yourself" during an on-stage interview with the New York Times.
* In terms of publicly traded comps, Meta stock rose 4.9% in November while Snap shares climbed 38.2%."
I personally think X is worth at least 10x that evaluation as it is now state-sponsored disinformation network which is worth much more than $44bn. it is best investment Elon has ever made