Twitter's value has taken a nosedive since Elon Musk's acquisition, losing two-thirds of its worth, as per investor disclosure. The social media giant is facing a downward trend, but will it bounce back? 📉
reflected the downgrade. Fidelity owned a $20 million stake in Twitter before it was sold to the Tesla mogul. However, the financial services provider recently reported that as of late April, its stake was worth $6.55 million.
Extrapolating from that figure, the valuation for the company is now around $15 billion. It isn’t clear what factors Fidelity considered when coming up with its valuation, or if it receives non-public information from Twitter.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Fidelity marks down value of Twitter stake for third time since Elon Musk takeoverFidelity Blue Chip Growth Fund’s stake in Twitter, which now exists under Musk’s X Holdings Corp, was valued at nearly $6.55 million as of April 28, compared with $7.8 million as of Jan…
Leer más »
Twitter Faces Potential Ban In Europe After Elon Musk’s Company Pulled Back From Disinformation RulesElon Musk’s Twitter platform could potentially be banned in Europe if it doesn’t follow the disinformation rules. The threat comes from France’s Digital Minister Jean-Noël Barrot …
Leer más »
Twitter Is Now Worth Just 33% of Elon Musk’s Purchase Price, Fidelity Says(Bloomberg) -- Twitter is now worth just one-third of what Elon Musk paid for the social-media platform, according to Fidelity, which recently marked down the value of its stake in the company. Most Read from BloombergPutin Orders Tighter Defenses After Drone Strikes on MoscowWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesStock Rally Hits a Wall After AI-Driven Euphoria: Markets WrapTaiwan Rushes to Prevent China From Cutting Internet, PhonesNvidia Touches $1 Trillion Mark
Leer más »
AOC Threatens Action Over Twitter Account Impersonating Her Lusting After Elon MuskThe account claimed to have 'a crush' on Musk in a tweet he personally boosted.
Leer más »
AOC Complains About Elon Musk 'Boosting' Twitter Account that Parodies HerRep. Alexandria Ocasio-Cortez (D-NY) on Tuesday complained about a popular parody Twitter account that posts erroneous tweets that seem to embarrass the radical left member of Congress.
Leer más »
Fidelity Values Twitter At Roughly $15 Billion—A Third Of The Sticker Price Paid By MuskTwitter’s valuation is just a fraction of what Elon Musk purchased it for.
Leer más »