The social media platform formerly known as Twitter is worth almost 80 per cent less than two years ago when Elon Musk bought it, according to estimates from investment giant Fidelity.
X no longer trades publicly after Musk shelled out US$44 billion ($63.9 billion) to take it private in October 2022.
However, Fidelity discloses what it believes is the value of its shares of X, and those estimates serve as a closely watched barometer for the overall health of the company.
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