Fidelity’s Blue Chip Growth Fund cut the value of its position in X by 5.7% in February, implying a 73% decline in the former Twitter Inc. since Elon Musk bought the social-media company.
Fidelity, which gained a stake in X by helping Musk complete his $44 billion purchase in October 2022, valued the position at $5.28 million as of Feb. 29, according to a report posted Saturday listing the fund’s holdings. A month earlier, the value was $5.6 million.
Read more: Banks Stuck With X Debt Held Refinancing Talks With Elon Musk
The overall value of the Blue Chip Growth Fund’s X stake has fallen 73% since Musk’s purchase, suggesting a similar drop in the value of the company because the fund hasn’t disclosed any change in its position in X.
X has been trying to lure back advertisers since Musk’s chaotic takeover. Last year, ad sales were estimated to be roughly $2.5 billion, falling short of the company’s $3 billion target, Bloomberg reported.
Fidelity and X didn’t immediately return emails seeking comment sent outside regular business hours.
Texas Longhorns junior quarterback Arch Manning is the biggest name in college football, but he's not…
Image Credit: Dennis P. Mong Jr./Paramount+ Mayor of Kingstown is approaching its conclusion. After five…
Apr 15, 2026This interview with Prof. Thomas Pink, originally published in 2020, is being republished…
Reading Time: 3 minutesA question echoed through the minds of writing instructors across the country…
agnès b. presented its Spring/Summer 2027 womenswear collection at La Fab. during Paris Fashion Week,…
Editor's Note: This article is a reprint. It was originally published December 31, 2025. Urinary…