Twitter: Twitter is now valued at solely $15 billion, which is 66 p.c lower than the $44 billion paid by Elon Musk and his co-investors to accumulate the platform. Twitter has been struggling financially since Musk took over. According to a Bloomberg report, monetary providers large Fidelity has estimated in its month-to-month report of portfolio valuation that the value paid by Elon Musk for the micro-blogging platform is now solely one-third.

Elm Musk’s funding in Twitter decreased

Musk’s funding in Twitter is now value $8.8 billion. The outgoing Twitter CEO spent greater than $25 billion to accumulate an estimated 79 per cent stake within the firm in October final yr. He had earlier additionally admitted that he had overpaid to accumulate Twitter, together with $33.5 billion in fairness.

Elon Musk had stated about taking over larger valuation

Musk stated throughout Tesla’s earnings name in October final yr, clearly me and different traders are overpaying for Twitter proper now, I believe the long-term potential for Twitter is greater than its present worth. “I’m excited about the position of Twitter, obviously I know their product incredibly well,” he stated. And I believe it is an asset that is lengthy overdue however has unbelievable potential.

Fidelity lowered the worth of its Twitter shares to 44 per cent of the acquisition value in November. Fidelity’s Twitter stake, which now comes beneath Musk’s X Holdings, was valued at round $6.55 million (as of the tip of April).

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