Fidelity Fund Boosts Value of Elon Musk's X Social Network

By Yahoo! Finance   |   1 year ago
Fidelity Fund Boosts Value of Elon Musk's X Social Network

Fidelity Investments' Blue Chip Growth Fund raised its stake in Elon Musk's X by over 32% in October, with its value increasing to $5.53 million. Despite this, the fund marked down X's valuation by 72% since Musk's acquisition.

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