Value of X has fallen 71% since Musk takeover

Troubled platform's woes continue

Penny Horwood
clock • 2 min read
Value of X has fallen 71% since Musk takeover

Mutual fund Fidelity which also owns a stake in X, marks down share value in recent disclosure

The troubled social media platform formerly known as Twitter has lost 71% of its value since being acquired and rebranded as X by Elon Musk, according to the mutual fund Fidelity.  In a disclosu...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
SEC's X account hacked in embarrassing security lapse

Hacking

Propagated fake news about bitcoin

clock 10 January 2024 • 2 min read
Security firm's social media account hacked by scammers

Hacking

Google-owned Mandiant’s X account was taken over for 6 hours

clock 04 January 2024 • 1 min read
Google restricts political ads, X courts them as US election year looms

Social Networking

With the US presidential election year on the horizon, Google and Twitter are taking very different approaches to election-related content and political advertising on their platforms.

clock 20 December 2023 • 2 min read
Penny Horwood
Author spotlight

Penny Horwood

Associate Editor focusing on diversity in tech and sustainability content.

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

More on Social Networking

WhatsApp to support cross-platform messaging

WhatsApp to support cross-platform messaging

Impending EU regulations are driving WhatsApp towards interoperability

clock 09 February 2024 • 2 min read
Google restricts political ads, X courts them as US election year looms

Google restricts political ads, X courts them as US election year looms

With the US presidential election year on the horizon, Google and Twitter are taking very different approaches to election-related content and political advertising on their platforms.

John Leonard
clock 20 December 2023 • 2 min read
EU gives Meta, TikTok one week to detail measures against disinformation

EU gives Meta, TikTok one week to detail measures against disinformation

Under the Digital Services Act, major online platforms are required to take more proactive steps in removing illegal and harmful content

clock 20 October 2023 • 2 min read