{"id":645674,"date":"2024-12-01T20:33:24","date_gmt":"2024-12-01T17:33:24","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/fidelity-reportedly-marked-up-its-x-stake-by-32-percent\/"},"modified":"2024-12-01T20:33:24","modified_gmt":"2024-12-01T17:33:24","slug":"fidelity-reportedly-marked-up-its-x-stake-by-32-percent","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/fidelity-reportedly-marked-up-its-x-stake-by-32-percent\/","title":{"rendered":"#Fidelity reportedly marked up its X stake by 32 percent"},"content":{"rendered":"
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Fidelity marked up the value of its holdings in Elon Musk\u2019s X (formerly Twitter<\/a>) by 32.37% in October, according to a report in Axios<\/a>.<\/p>\n

Even with this markup, Fidelity still values the company at 72 percent less than the $44 billion that Musk purchased it for in 2022.<\/p>\n

Axios reports that this move is probably connected to xAI \u2014 Fidelity invested in the Musk-founded AI startup\u2019s $6 billion Series<\/a> B earlier this year, and the firm also marked up its xAI shares by 70 percent in October. xAI\u2019s chatbot Grok was trained on X data and is available to X subscribers; X may also have a significant equity stake in xAI.<\/p>\n

The reported markup came before Donald Trump\u2019s presidential election victory in November, with Trump promising that Musk will lead a new Department of Government Efficiency. The election caused a spike in traffic at X<\/a>, while also seemingly driving millions of users to competing services like Bluesky.<\/p>\n<\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Fidelity marked up the value of its holdings in Elon Musk\u2019s X (formerly Twitter) by 32.37% in October, according to a report in Axios. Even with this markup, Fidelity still values the company at 72 percent less than the $44 billion that Musk purchased it for in 2022. Axios reports that this move is probably…<\/p>\n","protected":false},"author":1,"featured_media":645675,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2023\/11\/xAI-Grok-GettyImages-1765893916.jpeg?resize=1200,800","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[39394,151537,31059,78252,151707],"class_list":["post-645674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-elon-musk","tag-government-policy","tag-social","tag-x","tag-xai"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/645674","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=645674"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/645674\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/645675"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=645674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=645674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=645674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}