Fidelity's Blue Chip Growth Fund's X stake value fell 73% since Musk's Twitter acquisition.
Fidelity's Blue Chip Growth Fund cut the value of its position in Musk's X (former Twitter) by 5.7% in February, resulting in a 73% decline since Elon Musk's acquisition in October 2022. Fidelity valued its stake at $5.28 million as of Feb. 29, down from $5.6 million a month prior. The overall value of the fund's X stake has fallen 73% since Musk's takeover.
March 30, 2024
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