Monday, April 22, 2024
Monday, April 22, 2024
Monday, April 22, 2024

Twitter is now worth just $15billion out of Elon’s $44billion purchase price

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Twitter’s value has plummeted to one-third of what it was when CEO Elon Musk purchased it in October from $45 billion to $15 billion in just six months, Your Content has learned.

A Fidelity valuation of its stake in Twitter indicates the app’s value has fallen by two-thirds since current CEO Elon Musk took over in October 2022.

Fidelity, whose stake was valued at $19.66 million when Musk took ownership, now says it’s worth a measly $6.55 million as of April 28.

The app continues to be in the headlines as most recently Alexandria Ocasio Cortez said she will leave if Musk engages with fake accounts mocking her,‘according to DailyMail.

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