Under Musk's leadership, the bird app has continued to plummet in value--with no end in sight.
AdvertisementFidelity’s assessment, notes that its “unclear how Fidelity arrived at its new, lower valuation or whether it receives any non-public information from the company.”
So that’s...uh, not great. Under Musk’s leadership, Twitter has trotted out more than a few bizarre moneymaking efforts—including an ill-fated bid to make people . Twitter also attempted to cut costs by firing large parts of its workforce, but the platform has suffered other financial slings and arrows—including a major dip in advertising revenue.Musk, himself, seems to be aware that Twitter’s financial situation isn’t great. In late March,
that showed the billionaire thought Twitter was then worth about $20 billion, or less than half of what he initially paid for it.
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