X is worth 71% less now after Elon Musk took over and burned its bridges with advertisers: Fidelity

• It's been more than a year since Elon Musk bought Twitter. 
• The billionaire paid $44 billion for the platform in October 2022, which he later renamed X.
• Asset manager Fidelity says the company is worth 71% less than when Musk took over, per Axios. 

Elon Musk's X has lost over 71% of its value since the mercurial billionaire acquired it in October 2022, says asset manager Fidelity.