Twitter is only worth a third of what Elon Musk paid for it, major asset manager says
the asset manager estimated that Twitter was only worth around $15 billion, roughly 33% of the $44 billion Elon Musk paid to acquire it in October.
Fidelity owns an equity stake in Twitter but has been routinely lowering the stake's value since Musk acquired the company, The finance giant first lowered the price of its shares by 44% in November, per Bloomberg, one month after Musk purchased the social media company. The shares were later marked down further in December and February, the outlet said.
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