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 stake at in October.
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. It is unclear how Fidelity came up with its valuation figures, but as a public company it's required to provide investors with updates on its holdings.
It is unclear how Fidelity came up with its valuation figures, but as a public company it’s required to provide investors with updates on its holdings.
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…