Trump Vs. Musk: DJT Stock Worth More Than Latest X Valuation Thanks To 2024 Election Run-Up

Quick Summary:

Fidelity, one of the investment firms that helped Musk take X private, maintains a $4.19-million stake in the social media platform via the Fidelity Blue Chip Growth Fund (FBGRX).

That’s a significant decline from its $44 billion valuation in 2022 when Musk acquired the company, then known as Twitter.

A media company co-founded by former President Donald Trump is now worth more than Elon Musk‘s X.

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Article Details

Author / Journalist: Chris Katje

Category: Technology

Markets: United States

Topics: Benzinga Top Stories Donald Trump Edge Project TRUTH Social 2024 election Twitter Fidelity Tech DJT Stories That Matter Elon Musk Fidelity Blue Chip Growth Fund

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 15:40:40 (2 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 586 words

Reading Time: 4 minutes read

Sentences: 31 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23328808

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