Fidelity has updated the valuation of Twitter/X to $9 billion, indicating that Musk has lost around 80% of his investment.
It is Fans vs Opponents
Elon Musk's opponents are targeting him because of this fidelity valuation, but Musk is unconcerned about it. Musk's followers claim that Fidelity's research is politically motivated and submitted by competing corporations.
My Opinion goes against Fidelity
I think Fidelity's new valuation is not based on real facts. Why did Twitter's market value reach $9 billion? X's shares are not fallen so dramatically in the market, and to whom will Musk will sell X for $9 billion?
Moreover I also found that many consumers of Fedility are complaining
Conclusion: Fidelity's report's credibility is represented by the world famous phrase "Trust Me Bro".
