Twitter value keeps falling under Musk, now worth a third of what he paid

Twitter value keeps falling under Musk, now worth a third of what he paid

a year ago
Anonymous $KxGqLmj_R3

https://arstechnica.com/tech-policy/2023/05/twitter-value-keeps-falling-under-musk-now-worth-a-third-of-what-he-paid/

Twitter's value has reportedly dropped to about $15 billion, slightly more than one-third of the $44 billion that Elon Musk paid for it in late October 2022. The $15 billion valuation is based on Fidelity's latest analysis of its stake in the company.

"Fidelity Blue Chip Growth Fund's stake in Twitter was valued at $6.6 million as of April 28, according to the fund's monthly disclosure released Sunday," The Wall Street Journal wrote today. "That is down from about $19.7 million at the end of October, shortly after Musk's takeover, and the third time Fidelity has marked down the value of its Twitter stake, public disclosures show."