Twitter may be worth one-third what Musk paid for it last fall as Fidelity marks down investment


Twitter may now be worth one-third of what Elon Musk paid for the social media platform just seven months ago.

Financial services company Fidelity has reduced the market value of its equity stake in Twitter for a third time, now putting it at $6.55 billion. That’s down from the nearly $20 billion Fidelity valued its stake at in October.

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