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.
- 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,”
Link to Wall Street Journal Article: