The social media platform formerly known as Twitter is worth almost 80% less than two years ago when Elon Musk bought it, according to estimates from investment giant Fidelity.

According to investment giant Fidelity, estimates of its shares in X have become 80% less valuable since Elon Musk took over.

Here's what science says Soft landing is 'a possibility' as interest rates fall, bank CFO says Cost of living adjustment update: What retirees can expect Stamps are getting more expensive, again In other news - Elon Musk’s purchase of X is turning into a very bad investment for the billionaire.

Fidelity estimates that X, the social media platform formerly known as Twitter, is now worth nearly 80% less than when Elon Musk bought it for $44 billion in 2022, CNN reports.