Twitter Inc

Fidelity cut its valuation for Twitter a third time, now valuing it at around $15 billion vs. the $44 billion Musk paid for it seven months ago.

Musk has:

- Ousted top executives
- Conducted sweeping layoffs
- Lost major advertisers
- Publicly jostled with news organizations, politicians and former employees

In March, Musk said: “I see a clear, but difficult, path to a >$250B valuation,”

![Image upload](https://cdn.commonstock.com/9abeae8e7638ab7fecf5a263e849b3a6d3306698445268098febfa41c47781c3-512x512.png)
$TWTR

Link to Wall Street Journal Article:
[https://www.wsj.com/articles/twitter-is-now-worth-a-third-of-what-musk-paid-for-it-fidelity-says-e66f61db?mod=lead_feature_below_a_pos1](https://www.wsj.com/articles/twitter-is-now-worth-a-third-of-what-musk-paid-for-it-fidelity-says-e66f61db?mod=lead_feature_below_a_pos1)

Although, to be completely fair, the moment that he announced his intention was right before the tech companies started to crash in 2022. Twitter even without Musk if still publicly traded would be at least -50% from the levels he bought it.

Rihard Jarc

The social-media company’s value fell to around $15 billion, as Fidelity cut its valuation for a third time.

https://www.wsj.com/articles/twitter-is-now-worth-a-third-of-what-musk-paid-for-it-fidelity-says-e66f61db?mod=lead_feature_below_a_pos1

Twitter Is Now Worth a Third of What Musk Paid for It, Fidelity Says

Twitter Is Now Worth a Third of What Musk Paid For It, Fidelity Says

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