It is a report from the American stockbroker Fidelity that shows that the estimated value of Twitter as a company continues to drop dramatically. At the time when Elon Musk bought Twitter for $44 billion in April 2022, Fidelity estimated its holdings in the company at $20 billion.
In the new report, which refers to the end of April 2023, Fidelity has lowered the value of its holding in Twitter to 6.55 billion, and it is estimated that Twitter as a company has a value of just over 14.3 billion dollars. According to that valuation, Twitter has lost almost 30 billion or about 67 percent of its value in twelve months.
Musk also admitted in an interview with Fox News in April that the purchase of Twitter was not “financially smart”.
Source: Mobil by www.mobil.se.
*The article has been translated based on the content of Mobil by www.mobil.se. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!
