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Elon Musk's X gets valuation cut by Fidelity

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Fidelity has sharply reduced its valuation of Elon Musk's social media platform X, formerly Twitter. The 71.5% markdown comes over a year after Musk acquired the company for $44 billion in 2022. Yahoo Finance Tech Editor Dan Howley breaks down the details, providing insights into ongoing controversies that have played a part in the devaluation of the social media platform. #X #twitter #ElonMusk About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance

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