Fidelity has further marked down the value of its shares in Twitter/X. They believe the company is now worth -71.5% the acquisition price Elon Musk paid for it.
This values Twitter at $12.5 billion versus the $44 billion Elon Musk acquired it for in 2022.
Knowing Elon, he can drive this valuation even lower given his endless supply of terrible ideas when it comes to running a social media company.
https://www.axios.com/2023/12/31/elon-musks-x-fidelity-valuation-cut
Dare Obasanjo /
npub1l4…exuhy
2023-12-31 22:20:57
Author Public Key
npub1l4l93jaluhcmp24qqhsnz0wv4ld4lnyv5h09k2p7cssrjn5zwflscexuhyPublished at
2023-12-31 22:20:57Event JSON
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"content": "Fidelity has further marked down the value of its shares in Twitter/X. They believe the company is now worth -71.5% the acquisition price Elon Musk paid for it.\n\nThis values Twitter at $12.5 billion versus the $44 billion Elon Musk acquired it for in 2022.\n\nKnowing Elon, he can drive this valuation even lower given his endless supply of terrible ideas when it comes to running a social media company.\n\nhttps://www.axios.com/2023/12/31/elon-musks-x-fidelity-valuation-cut",
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