The value of Twitter has increased by a third since the arrival of Elon Musk
An investment company says their shares in Twitter have now reached 33% of their previous figure.
Last fall, Elon Musk completed the purchase of Twitter for $44 billion, and many believed that the social network was worth much less. Now, an investment firm says that their shares in Twitter are worth a third of what they were last fall.
According to Bloomberg, according to Fidelity Blue Chip Growth Fund, the fund's stake in Twitter was about $8.6 million at the end of November 2022, but it reached $7.8 million at the end of January 2023 and is now estimated at about $6.55 million. This means that the value of this company's shares has now reached about 33% of the figure that Elon Musk agreed to pay.
Bloomberg says it's not clear how Fidelity did its calculations to arrive at the lo... ..................................... Read more on our website: The value of Twitter has increased by a third since the arrival of Elon Musk