US EditionTwitter 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.
59 Articles
59 Articles
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 its equity stake in Twitter for a third time, now putting it at $6.55 billion. That's down from the nearly…
Twitter may be worth only a third of its pre-Musk value, Fidelity says
By Brian Fung, CNN Washington (CNN) — A Fidelity fund has slashed its estimate of Twitter’s value amid ongoing chaos at the company, implying the social media platform may be worth only a third of its value compared to when Elon Musk acquired it in October. According to a monthly disclosure, Fidelity’s Blue Chip Growth Fund reported that its stake in Twitter was worth $6.55 million at the end of April. That’s down from the $19.66 million the Fi…
Twitter's market value has fallen to one-third of Elon Musk's purchase price: Fidelity
Twitter’s market value has declined to just one-third of what Elon Musk and his group of investors paid for it last year, according to a new estimate of the social media platform’s valuation by Fidelity. Musk and his co-investors acquired Twitter for $44 billion last year, a price Musk has acknowledged was excessive. About $25 billion of that came from Musk himself, giving him an estimated 79% stake in the company. Fidelity was part of the inve…
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