Published 11 months ago

Twitter Now Worth Just 33% of What Elon Musk Paid

Fidelity has marked down the value of its equity stake in Twitter, indicating that the company is now worth just one-third of what Elon Musk paid for it.
Musk himself has admitted to overpaying for Twitter, and has said that the platform is worth less than half what he paid.
Twitter has struggled financially since Musk took over, with advertising revenue declining by 50%. Despite attempts to recoup revenue through Twitter Blue subscriptions, less than 1% of monthly users have signed up.

Insights by Ground AI

Does this summary seem wrong?

0 Articles

All

Left

Center

Right

Times of India

Twitter is now worth just 33% of Elon Musk's purchase price, Fidelity says

Musk has acknowledged he overpaid for Twitter, which he bought for $44 billion, including $33.5 billion in equity.

11 months ago·India

Read Full Article

News18 India

Fidelity Fund Marks Down Value of its Twitter Stake Again

Fidelity fund marks down its stake in Twitter for the third time since Elon Musk's takeover, highlighting the challenges faced by the social media platform.

11 months ago·India

Read Full Article

Reuters

Fidelity marks down value of Twitter stake again

A Fidelity fund has marked down the value of its stake in Twitter for the third time since Elon Musk's $44 billion takeover of the social media platform in October, a monthly disclosure by the investment firm showed on Sunday.

11 months ago·United Kingdom

Read Full Article

NDTV

Twitter Is Now Worth Just 33% Of Elon Musk's Purchase Price: Report

Twitter is now worth just one-third of what Elon Musk paid for the social-media platform, according to Fidelity, which recently marked down the value of its equity stake in the company.

11 months ago·New Delhi, India

Read Full Article

Associated Press News

Twitter may be worth one-third what Musk paid for it last fall as Fidelity marks down investment

Twitter may now be worth one-third of what Elon Musk paid for the social media platform just seven months ago. Financial services company Fidelity has reduced the market value of

11 months ago·United States

Read Full Article