Investors at Fidelity first marked down the value of its investment one month after Elon Musks purchase.
InOctober, the mutual fund valued its shares in X at a 65% discount.
Musk is hoping to reduce his reliance on advertisers by increasing subscriptions with premium features, like Grok.
Photo: Antonio Masiello (Getty Images)
However, it doesnt seem Fidelity investors were convinced that Grok tipped the scales much.
The stocks of publicly traded competitors to X such as Meta and Snap rose in November.
The European Union opened aformal investigation into Xin December, examining the platforms role in spreading antisemitic content.
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