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Twitter's value in freefall: Fidelity cuts estimate by whopping 79%
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Twitter's value in freefall: Fidelity cuts estimate by whopping 79%

Ellsworth Toohey
Sep 30, 2024
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Twitter's value in freefall: Fidelity cuts estimate by whopping 79%
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Elon Musk (Frederic Legrand - COMEO//shutterstock.com), Poop emoji (A. Solano/shutterstock.com)
Elon Musk (Frederic Legrand - COMEO//shutterstock.com), Poop emoji (A. Solano/shutterstock.com)

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 inve…

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