'Twitter is now worth just 33% of Elon Musk’s purchase price'

Fidelity has downgraded its equity stake in Twitter, valuing it at one-third of the $44 billion acquisition price paid by Elon Musk last year. Musk has acknowledged that he overpaid for the social-media platform, which included an equity payment of $33.5bn.

from Gadgets News – Latest Technology News, Mobile News & Updates May 31, 2023 at 01:20PM Fidelity has downgraded its equity stake in Twitter, valuing it at one-third of the $44 billion acquisition price paid by Elon Musk last year. Musk has acknowledged that he overpaid for the social-media platform, which included an equity payment of $33.5bn. May 31, 2023 at 01:20PM