Fidelity: Twitter is Now Only Worth a Third of What Elon Musk Paid for It
- by Gizmodo
- Jun 17, 2024
- 0 Comments
- 0 Likes Flag 0 Of 5
in a monthly disclosure
that the microblogging site is worth about 33 percent of what Musk initially paid for it—a projection that would put its value at something like $15 billion
. Fidelity came up with the evaluation based on a markdown of its own stake in the company.
Bloomberg, which originally reported
Fidelity’s assessment, notes that its “unclear how Fidelity arrived at its new, lower valuation or whether it receives any non-public information from the company.”
However the information was got, we can all agree that the resultant valuation is...uh, not great. Under Musk’s leadership, Twitter has attempted more than a few bizarre moneymaking efforts—including an ill-fated bid to make people pay for profile verification
Please first to comment
Related Post
Stay Connected
Tweets by elonmuskTo get the latest tweets please make sure you are logged in on X on this browser.
Sponsored
Popular Post
Tesla: Buy This Dip, Energy Growth And Margin Recovery Are Vastly Underappreciated
28 ViewsJul 29 ,2024