Fidelity Investments Increases Stake in Elon Musk's Social Media Platform 'X' by 4.4%

According to Odaily, Fidelity Investments has reportedly increased the value of its shares in Elon Musk's social media platform 'X' by 4.4% in April. As of April 30, the valuation of Fidelity's shares in company X stands at 5.51 million USD. The investment firm's decision to increase its stake in the social media platform underscores its confidence in the platform's growth potential and strategic direction under the leadership of Elon Musk. This move by Fidelity Investments is seen as a significant endorsement of the social media platform 'X' and its future prospects.