X now worth 71% less than when Musk bought it, Fidelity estimates

X, the platform formerly known as Twitter, is worth 71% less now than it was when Elon Musk bought it in late 2022, according to Fidelity.

The investment group made the valuation on Monday, the second time it dropped the value of X in 2023, Axios reports. Musk had purchased the social media giant for $4