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Hey everybody, welcome back to 
the Elon Musk Podcast. 

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This is a show where we discuss 
the critical Crossroads, The 

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Shape, SpaceX, Tesla X, The 
Boring Company, and Neuralink. 

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And I'm your host, Will Walden. 
Investment firm Fidelity has 

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adjusted its valuation of shares
in X Holdings, which is a 

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company previously recognized as
Twitter. 

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Now, this adjustment comes as 
part of the mutual fund giant's 

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ongoing assessment of its 
investment, originally made when

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Elon Musk acquired the company 
for $44 billion. 

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Fidelity's recent disclosure, 
which includes data up to the 

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end of November 23, reveals a 
significant markdown in the 

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value of X Holdings and the 
mutual fund company now assesses

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X Holdings to be worth 71.5% 
less than its value at the time 

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of purchase. 
This revelation includes a 10.7%

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reduction during November alone.
This markdown period coincided 

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with a controversial moment from
Elon Musk, the head of X 

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Holdings. 
In November during an on stage 

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interview with the New York 
Times, Musk responded to 

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boycotting X advertisers with 
the expletive laden remark Go F 

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yourself. 
The statement possibly impacted 

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the perception and the value of 
the company now comparing to 

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other companies in the sector. 
Meta's stock rose by 4.9% in 

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November, while Snap experienced
an impressive 38.2% increase in 

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their shares. 
These figures highlight the 

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differing fortunes of companies 
within the tech industry and 

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provide a contrast to the 
situation at X. 

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Now, looking back, Fidelity 
started marking down its 

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investment in the company 
immediately after Musk's 

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takeover. 
However, it's notable that there

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were periods early in 2023 when 
Fidelity either increased the 

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value of these shares or 
maintain their stability. 

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Now this indicates fluctuations 
in the company's perceived 

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worth. 
It's important to note that 

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Fidelity, despite being a 
shareholder and the privately 

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held X Holdings, may not have 
extensive insider information 

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about the company's financial 
performance. 

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This means that their valuation 
could be based on very limited 

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data and other stair holders 
might have different views on 

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the worth of the stock now. 
X Holdings, in a move that 

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caught media attention, briefly 
reinstated headlines recently 

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too. 
And this is for user posts 

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containing links. 
This happened on Tuesday of this

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week, only to reverse this 
change the following day. 

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This fluctuation in the 
platform's features reflects 

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ongoing adjustments under the 
new ownership of Elon Musk. 

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Things happen at X really fast. 
Move fast and break stuff, as 

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they used to say in Silicon 
Valley. 

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Now this alteration came, and 
after X had initially removed 

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news, links and headlines from 
post in October following Musk's

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assertion that such changes 
would enhance the platform's 

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aesthetics. 
The removal, however, required 

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users to click on an image to 
view the title, leading to some 

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confusion and criticism. 
Musk had promised in late 

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November that headlines would be
reintegrated into the platform 

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in an upcoming release, 
suggesting they would be 

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overlaid on the image or the URL
card. 

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And now this change aimed to 
address user concerns about the 

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accessibility and the clarity of
linked content. 

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Indeed, posts on X with links 
now feature headlines, though 

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presented differently than 
before. 

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The temporary change on Tuesday 
showed headlines in small text 

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at the bottom of the image of a 
URL card, specifically on the 

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desktop version of the platform.
However, this update did not 

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extend to all versions of the 
app. 

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The change was not implemented 
in the iOS app and the Android 

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app. 
Headlines continue to appear 

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under the image as they did 
before the removal, highlighting

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inconsistencies in the 
platform's user experience 

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across different devices. 
Some users on the web version of

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X are now seeing headlines and 
website titles appearing over 

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the images that link to those 
pages. 

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This changed. 
While a positive, development is

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not without its issues, such as 
truncated headlines and very 

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hard to read small text. 
The initial decision to remove 

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headlines was driven by Musk's 
desire to streamline the 

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appearance of posts. 
However, this led to 

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difficulties in understanding 
where a link image would 

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redirect users, prompting 
workarounds like embedding 

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headlines and images or post 
text. 

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And Musk's promise to reinstate 
headlines over URL cards is 

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gradually coming to fruition. 
As evidenced by these recent 

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changes, however, the rollout of
this feature is inconsistent, 

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particularly on Android and iOS,
and the valuation and 

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functionality changes that X 
Holdings reflect the complex and

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often unpredictable nature of 
the tech industry and social 

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media. 
Fidelity's markdown of X shares,

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coupled with the platform's 
evolving interface shows that 

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there are challenges faced when 
you take over a company, a 

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legacy company like Twitter. 
The situation at X Holdings is a

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microcosm of the larger tech 
industry as well, where 

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innovation, public perception 
and market dynamics interplay to

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shape the fortunes of companies.
And as X continues to adjust, 

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Musk's leadership, its impact on
the sector and the stakeholders 

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and the money people remains a 
subject of keen interest. 

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Now, Fidelity's decision to 
reduce the valuation of its 

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shares in X Holding in 
conjunction with the company's 

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ongoing adjustments to this 
platform shows that it's often 

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volatile at Twitter, formerly 
Twitter X. 

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But X will continue to adapt 
strategies, have responsive 

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leadership and navigate the 
complexities of a new platform. 

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Hey, thank you so much for 
listening today. 

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I really do appreciate your 
support. 

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If you could take a second and 
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on right now, I greatly 
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It helps out the show 
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Please take care of yourselves 

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and each other and I'll see you 
tomorrow.