Fidelity again downgrades estimated valuation of Musk-owned X

ViewInvestment giant Fidelity has again downgraded its estimated valuation of Elon Musk's X — formerly Twitter.

Musk purchased the social media platform in 2022 for $44 billion thanks in part to funding provided by Fidelity. But according to a recent filing with the Securities and Exchange Commission, Fidelity now believes...