COMPANY VALUATION: Twitter is now worth just 33% of Elon Musk’s purchase price, says Fidelity

📆 31/5/2023 7:32 PM

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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 stake in the company.

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Twitter now worth a third of Elon Musk’s buying price — Investment firmMusk has previously acknowledged he overpaid for Twitter, which he bought for $44 billion, including $33.5 billion in equity.
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