Twitter may be worth one-third what Musk paid for it last fall as Fidelity marks down investment

Richest man in world, master turn-around artist, Twitter was dead money for decade, while US tech stocks soared. Mr. Musk has more followers than anyone, as especially younger generations deeply appreciate his business disruption directly addressing climate change!

So what did Musk achieve with Twitter worth $7 billion, paid $44 billion? That is a lot less than one-third.

So what did Musk achieve with Twitter worth $7 billion, paid $44 billion? That is a lot less than one-third.

No, it's Fidelity. Fidelity previously valued its Twitter stake at $20 billion. Now, it puts that value of the same Twitter stake at $6.55 billion - less than one-third of the original $20 billion

Financial services company Fidelity has reduced the market value of its equity stake in Twitter for a third time, now putting it at $6.55 billion. That's down from the nearly $20 billion Fidelity valued its stake at in October.

Essentially what Fidelity is saying is that: "what at October was worth $20 billion to us, we believe is only worth $6.55 billion now"

So Twitter to them now is worth less than a third of what it once was

Stuff is worth whatever you can sell it for. No more and no less.

Richest man in world, master turn-around artist, Twitter was dead money for decade, while US tech stocks soared. Mr. Musk has more followers than anyone, as especially younger generations deeply appreciate his business disruption directly addressing climate change!

Also the man who crashed Twitter through his own incompetence.

Muskrat is stepping into everything with greed and devotion to Traitor Antichrist Trump. He asked for this dilemma. Karma.

Musk put his foot into a dogpile.