Search
Close this search box.
Search
Close this search box.

Fidelity Says Twitter Is Worth 33% Of Musk’s Purchase Price

Elon Musk Secretly Working On AI Project

Listen to the Podcast:

Fidelity recently marked down the value of its stock stake in the company, which means that Twitter is now worth only one-third of what Elon Musk paid for it.

Musk has said that when he bought Twitter for $44 billion, which included $33.5 billion in stock, he paid too much. He recently said that Twitter is worth less than half of what he paid for it. It is not clear how Fidelity came up with its new, lower value or if it gets any information from the company that is not public.

First, in November, Fidelity cut the value of its Twitter share to 44% of the price it paid to buy it. After that, there were more price cuts in December and February.

Since Elon Musk took over, Twitter’s finances have been bad. Musk said in March that the company’s advertising income dropped by 50% because of his erratic decision-making and problems with content moderation. This happened after he put the company $13 billion in debt and made it hard to moderate content. So far, selling Twitter Blue accounts hasn’t worked as a way to get that money back. At the end of March, less than 1% of the people who use Twitter every month had joined.

Twitter New Verification Ticks
Photo Credit: Twitter

When asked for a response, Twitter didn’t say anything in particular.

The Bloomberg Billionaires Index, which uses Fidelity’s valuation to figure out how much his stake is worth, says that Musk’s investment in Twitter is now worth $8.8 billion. Last year, Musk spent more than $25 billion to buy what is thought to be 79% of the company.

Based on the index, the new markdown takes about $850 million off of Musk’s $187 billion fortune. Even though Twitter is having problems, Elon Musk‘s wealth has grown by more than $48 billion this year. This is mostly due to a 63% rise in the price of Tesla Inc.


Subscribe to Our Newsletter

Related Articles

Top Trending

Online Search Decline 2026 Change Drivers
2026 Forecast: The Key Drivers Behind a 25% Drop in Online Searches
March 1 Zodiac
March 1 Zodiac: Understanding Your Pisces Personality & Future
European Countries Dual Citizenship
Top 17 Dual Citizenship-Friendly European Countries
how tall is adin ross
How Tall is Adin Ross? An In-Depth Look at the Twitch Star's Height
buster murdaugh wedding
Buster Murdaugh Wedding: A Look Inside the Spectacular Ceremony

LIFESTYLE

Taurine Key to Extending Life Research Finds
Taurine: The Secret Ingredient for a Longer Life? Latest Research Insights
Strategies to Beat Procrastination
Beat Procrastination: Effective Strategies to Stay Productive!
Egyptian Cotton Sheets for Your Bed
A Beginner's Guide to Choosing the Perfect Egyptian Cotton Sheets for Your Bed
Long Lehenga Choli
Elegance Redefined: Navigating the Diverse World of Long Lehenga Choli Designs
valentines day outfits
Top 20 Trendy Valentine's Day Outfits in 2024 For Every Occasion

Entertainment

how tall is adin ross
How Tall is Adin Ross? An In-Depth Look at the Twitch Star's Height
Netflix Ends Apple Billing Legacy Subscribers
Netflix Ends Apple Billing for Existing Subscribers: What You Need to Know?
Avatar The Last Airbender
Avatar' Reigns on Netflix, 'The Abyss' Emerges as Week's Top Watch
Taylor Swift Father Photographer Assault Accusation
Scott Swift, Taylor Swift's Dad, Faces Accusations From Photographer
female naruto characters
50 Most Iconic Female Naruto Characters [Ranked]

GAMING

Live Casino Influence on Virtual Gaming
Live Casino Influence on Virtual Gaming
Sports Betting vs Online Casinos
Sports Betting vs Online Casinos: Where is it Easier to Win?
Play Games for Bitcoin
Can You Play Games for Bitcoin? 
Most Played Games at Online Casinos
Discover the Most Played Games at Online Casinos
Crypto Gambling Innovations
Innovations in Crypto Gambling: Shaping the Future of Online Betting

BUSINESS

Young Australians Money
Why Young Australians Need to Know About Money?
NPS Tier 1 vs Tier 2
NPS Tier 1 vs Tier 2: Understanding the Differences
Tips to Manage Your Small Business in 2024
5 Tips to Manage Your Small Business in 2024
bluefire wilderness complaints
Addressing Concerns: Understanding Bluefire Wilderness Complaints
Work Life Balance Europe vs America Comparison
Europe vs America: Decoding Work-Life Balance Differences

TECHNOLOGY

Online Search Decline 2026 Change Drivers
2026 Forecast: The Key Drivers Behind a 25% Drop in Online Searches
Rogue Chatbots Microsoft AI Copilot Concerns
Rogue Chatbots: Microsoft Investigates AI Copilot's Unsettling Messages
Intel Chips 100 Million AI PCs 2025
Intel's Bold Goal: Powering Chips for 100M AI PCs by 2025
Video Collaboration Tools
The Future of Remote Work: How Video Collaboration Tools are Shaping the Landscape?
Google Gemini Conversations Stored Years Default
Google's Gemini Set for Relaunch Post-Racial Controversy: Coming Soon!

HEALTH

Norovirus Cases Surge US Northeast CDC Report
US Norovirus Surge: CDC Highlights Spike in Northeast Cases
Top Healthiest and Unhealthiest Countries
Top Healthiest and Unhealthiest Countries Globally - 2024 Rankings
Best Way to Prevent Gum Disease
What is the Best Way to Prevent Gum Disease?
Norovirus Outbreak Northeast CDC Data
Norovirus Outbreak Hits Northeast: Latest CDC Data Reveals Spread
Brain Stimulation RTMS vs DTMS
Decoding Brain Stimulation Therapies: RTMS vs DTMS Explained