Twitter's value in freefall: Fidelity cuts estimate by whopping 79%
Twitter's worth has nosedived under Musk's ownership, according to TechCrunch. Fidelity cut its valuation of the company by 79%, putting Twitter's value at a fraction of the $44 billion acquisition price.
From TechCrunch:
For context, Fidelity had initially invested $19.66 million in X through the Blue Chip Fund, as per regulatory filings. This
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Ellsworth Toohey, Khareem Sudlow
