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Fidelity has cut its estimate of X’s value by 79% since Musk’s purchase

Elon Musk's X is now valued at less than a quarter of its $44 billion purchase price, according to a new estimate from investor Fidelity.  The asset Elon Musk's X is now valued at less than a quarter of its $44 billion purchase price, according to Fidelity.

In September, California Governor Gavin Newsom considered 38 AI-related bills, including the highly contentious SB 1047, which the state’s legislature sent to his desk for final approval. For years, Silicon Valley and Wall Street have questioned Mark Zuckerberg’s decision to invest tens of billions of dollars into Reality Labs. The U.K.s’ antitrust authority has concluded that Amazon’s partnership and equity investment in AI startup Anthropic can’t be investigated under current merger rules due to the size and scope of…

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