News Formal

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

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 84%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: mybroadband - 🏆 11. / 67 Read more »