Twitter is now worth just 33% of Elon Musk’s purchase price, Fidelity says

Musk has admitted he overpaid for Twitter, which he bought for $44 billion. (Image: Getty)

Wed, 31 May 2023

By Aisha Counts and Tom MaloneyTwitter is now worth just one-third of what Elon Musk paid for the social-media platform, according to Fidelity, which recently marked down the value of its equity stake in the company. Musk has acknowledged he overpaid for Twitter, which he bought for US$44 billion (NZ$72.8b), including US$33.5b in equity. More recently, he said Twitter is worth less than half what he paid for it. It’s unclear how Fidelity arrived at its new, lower valuation or whether it receives any non-public information from t...

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