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Fidelity's latest valuation of X, 72% lower than when Musk took over, would mean top investor Prince Alwaleed bin Talal al Saud is down $1.4B and Ellison $720M (Faiz Siddiqui/Washington Post)

1 September 2024
in Technology
0
Fidelity's latest valuation of X, 72% lower than when Musk took over, would mean top investor Prince Alwaleed bin Talal al Saud is down .4B and Ellison 0M (Faiz Siddiqui/Washington Post)
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In a surprising turn of events, Elon Musk bought Twitter with a combination of his own funds, secured loans, and contributions from associates, resulting in an unedited valuation of X that is 72% lower than when he assumed control. This drastic decrease in value has had significant financial implications, with investors like Prince Alwaleed bin Talal al Saud losing $1.4 billion and Ellison losing $720 million.

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Tags: 1.4B720MAlwaleedbinEllisonFaizFidelity039sinvestorlatestMuskPostPrinceSaudSiddiquiWashingtonTalaltopValuation
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