Facepalm: No entrepreneur wants to see one of their investments lose over 70% of its value in just over a year, especially when they paid $44 billion for it. But that's the situation Elon Musk is facing with X / Twitter, which has been revalued by mutual fund firm Fidelity, one of the financial backers behind Musk's acquisition. Fidelity was one of several investors that helped Musk raise the $44 billion to buy Twitter (as it still was then) last April. Axios writes that the company has cut the value of its holdings in X by a further 11% as...
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