Twitter Is Now Worth a Third What Elon Musk Paid For It ...Middle East

Twitter’s value has tanked since Elon Musk took over six months ago, with the company now worth just one-third what he originally paid for it.Musk paid $44 billion for the social media platform in October, an amount he raised with the help of 19 outside investors, which included Fidelity Investors. The company released its monthly disclosure of portfolio valuations on Tuesday, which revealed just how far Twitter has fallen.Twitter, under its new name X Holdings Corp., was worth just $6.5 million at the end of April, a 66 percent drop from when Musk first took the reins. This is the second time that Fidelity recorded a decrease in Twitter’s value. Just a month after Musk bought it, Twitter’s

Hence then, the article about twitter is now worth a third what elon musk paid for it was published today ( Wednesday 31/05/2023 - 05:32 PM ) and is available on The New Republic ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Twitter Is Now Worth a Third What Elon Musk Paid For It )

Also on site :

• China's First Domestic Anti-CTLA-4 Monoclonal Antibody, Innovent's TABOSUN® (Ipilimumab N01 Injection) Received NMPA Approval
• Prominent Canadian Musician Says Gig Was Cancelled After Google AI Overview Wrongly Branded Him Sex Pest
• Goldman Sachs expects layoffs to keep rising—and says investors are punishing the stocks of companies that slash staff