Fidelity Blue Chip Growth Fund

Banks who helped finance Elon Musk's $44 billion acquisition of social media platform Twitter, now known as X, are ready to sell off their loans at 5% to 10% discounts years after the deal was completed. What Happened: Musk said X saw record usage during the 2024 presidential election, but growth...

Fidelity is raising its valuation for X Holdings, the company formerly known as Twitter, after months of marking its small stake down since Elon Musk bought the social media company. What Happened: Fidelity holds a small stake in X Holdings through its Fidelity Blue Chip Growth Fund (FBGRX). Its...

A media company co-founded by former President Donald Trump is now worth more than Elon Musk‘s X. What Happened: Trump Media & Technology Group (NASDAQ:DJT) currently boasts a market capitalization of roughly $10.3 billion. According to the latest valuation metric from Fidelity, X is...

Editor's note: This article has been updated to clarify that Elon Musk purchased Twitter for $44 billion. Fidelity was one of several companies that helped Elon Musk acquire social media platform X, formerly known as Twitter, back in 2022. The financial company may have lost money on their...

Donald Trump's media company Trump Media & Technology Group (NASDAQ:DJT) hit the public market on Tuesday after a long-awaited SPAC merger was approved by shareholders. Here's a look at how the valuation of the company compares to recent valuation metrics for X, formerly known as Twitter. What...

Billionaire Elon Musk completed a $44 billion acquisition of social media platform X, formerly known as Twitter, in October 2022. The acquisition included the backing of several investors and multiple financial institutions providing financing for the deal. What Happened: Musk acquired Twitter...

Fidelity kept its stake in Twitter, now known as X, after billionaire Elon Musk's purchase in 2022. The firm holds a position in the social media platform via a mutual fund, Fidelity Blue Chip Growth Fund (FBGRX). It previously marked down its valuation several times in 2023 before raising the...

The downward spiral continues for X, formerly known as Twitter, with a new valuation from Fidelity’s Blue Chip Growth Fund estimating its shares at $5.3 million, down from $6.3 million in October. This figure is a far cry from the $19.66 million valuation reported just before Elon Musk...

One of the biggest headlines of 2022 was the acquisition of the social media platform Twitter for $44 billion by Elon Musk. Since the acquisition, the valuation of Twitter has been cut by several investors. One of those investors has raised the valuation of the platform for two straight months....