Twitter may now be worth one-third of what Elon Musk paid for the social media platform just seven months ago. 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 […]
Billionaire Elon Musk bought the platform for $44 billion last fall. In the ensuing months with him at the helm, outside firms have steadily lowered its valuation.