Birdwatch Note Rating
2024-10-02 04:40:50 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 533B3E055F35295148E2BC9B9AB8B93A3ED08D1FBFA9F3E95D5BE3DA25B07224
Participant Details
Original Note:
Fidelity has a .04% stake in X. “The firm’s unit has reduced the value of its holding in X by a total of 78.7% as of August end” This $35b loss claim is unsubstantiated due to lack of proof. Investors routinely force CEO’s to resign when significant losses occur. https://www.benzinga.com/markets/mutual-funds/24/09/41103959/elon-musk-bought-x-for-44b-now-fidelity-values-social-media-network-below-10b
All Note Details