Twitter Now Worth Just One-Third of What Musk Paid for It

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Twitter Now Worth Just One-Third of What Musk Paid for It
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Twitter is now worth just one-third of what Elon Musk paid for it, according to Fidelity, which recently marked down the value of its equity stake in the company

witter 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 equity stake in the company.

Fidelity first reduced the value of its Twitter stake in November, to 44% of the purchase price. That was followed by further markdowns in December and February.

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