Twitter is now worth just 33% of Elon Musk’s Purchase price
Twitter’s value has been marked down to one third of what Elon Musk Paid ,
as reported by Fidelity.
Musk admitted to overpaying for Twitter,
purchasing it for $44 billion ,
including $33.5 billion in equity.
Recently , musk stared that Twitter is worth less than half of his initial investment.
Fidelity lowered the value of its Twitter stake multiple times ,
the latest reduction in November to 44% of the purchase price.
Since musk’s takeover, Twitter has faced financial struggles,
with advertising revenue declining by 50% due to debt and contect moderation challenges.
Attempts to recoup revenue through twitter blue subscriptions have been unsuccessful ,
with less than 1% of monthly users signing up.
Musk’s investment in Twitter is now vlued at $8.8 billon,
resulting in a reduction of approximately $850 million from his fortune.