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That’s according to asset manager Fidelity, which recently marked down the value of its stake in Twitter.
The billionaire Twitter owner who bought the struggling company in October for $44 billion has admitted he overpaid. He recently said Twitter is worth less than half of what he forked over.
Fidelity Blue Chip Growth Fund’s stake in Twitter was valued at $6.6 million as of April 28, down from $19.7 million at the end of October, according to a report issued Sunday.
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