Twitter’s market value has declined to just one-third of what Elon Musk and his group of investors paid for it last year, according to a new estimate of the social media platform’s valuation by Fidelity.
Musk and his co-investors acquired Twitter for $44 billion last year, a price Musk has acknowledged was excessive. About $25 billion of that came from Musk himself, giving him an estimated 79% stake in the
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased