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Will Elon Musk sell his stake in X by the end of 2024?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Public financial disclosures, SEC filings, or reliable financial news sources
Story
Investment Firm Fidelity Cuts X's Valuation to $9.4 Billion, Down 79% Since Musk's Purchase: TechCrunch
Sep 30, 2024, 10:14 AM
Investment firm Fidelity has significantly reduced the valuation of X, the social media platform purchased by Elon Musk, by 79%. According to new disclosures, Fidelity now values X at approximately $9.4 billion, a stark contrast to the $44 billion Musk paid for the platform two years ago. Fidelity's stake in X is currently valued at around $4.185 million, down from $5.5 million in July and $6.27 million at the end of 2023. This reduction, reported by TechCrunch, highlights the financial challenges faced by X since Musk's acquisition.
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Stock price increases • 25%
Stock price decreases • 25%
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Stock price highly volatile • 25%
Yes • 50%
No • 50%
Remains CEO • 25%
Steps down as CEO • 25%
Transitions to another role within X Corp. • 25%
Leaves X Corp. entirely • 25%
