- cross-posted to:
- technology@lemmy.world
- cross-posted to:
- technology@lemmy.world
Elon Musk’s X is now worth less than a quarter of its $44 billion purchase price, according to a new estimate from investor Fidelity.
The asset manager, which helped Musk acquire the social network formerly known as Twitter, now values its stake in X at approximately $4.19 million, based on newly released disclosures from Fidelity’s Blue Chip Growth Fund. The fund has reduced the value of its holding in X by a total of 78.7% as of August end.
What’s the alternative? AI is telling people to eat glue so that isn’t a viable option imo. I don’t think anything else exists that isn’t human managed, although I’m not entirely sure what you mean by that.
Funds managed by pure numbers. Index funds for example
You’ll never guess how indices are created
Mathematics.