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The value of Elon Musk’s X downgraded again by Fidelity

Investment giant Fidelity has again taken the axe to the value of its shares in X Holdings which it helped Elon Musk buy when it was known as Twitter. Fidelity believes that the shares are worth 71.5% less than at the time of the purchase. The disclosure runs through end of November, a month in which Snap shares climbed 38.2% and Meta shares a more modest 4.9%.