{"id":10233,"date":"2023-05-31T17:37:53","date_gmt":"2023-05-31T15:37:53","guid":{"rendered":"https:\/\/costops.com\/index.php\/2023\/05\/31\/twitters-value-down-two-thirds-since-musk-takeover-says-investor\/"},"modified":"2023-05-31T17:37:53","modified_gmt":"2023-05-31T15:37:53","slug":"twitters-value-down-two-thirds-since-musk-takeover-says-investor","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2023\/05\/31\/twitters-value-down-two-thirds-since-musk-takeover-says-investor\/","title":{"rendered":"Twitter\u2019s value down two-thirds since Musk takeover, says investor"},"content":{"rendered":"

Asset manager Fidelity reports that stake worth $20m in October 2022 is now worth just under $6.6m<\/p>\n

Twitter\u2019s value has plummeted by almost two-thirds since Elon Musk acquired the company in October 2022, one of the social media company\u2019s only remaining external investors has admitted.<\/p>\n

Fidelity, an asset manager that held a stake in Twitter worth about $20m after Musk acquired the business for $44bn, said in a corporate filing that its stake was now worth just under $6.6m. That would value the overall company, now officially called X Holdings Corp after Musk\u2019s early venture X.com, at just $14.75bn.<\/p>\n

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\nAsset manager Fidelity reports that stake worth $20m in October 2022 is now worth just under $6.6m
\nTwitter\u2019s value has plummeted by almost two-thirds since Elon Musk acquired the company in October 2022, one of the social media company\u2019s only remaining external investors has admitted.
\nFidelity, an asset manager that held a stake in Twitter worth about $20m after Musk acquired the business for $44bn, said in a corporate filing that its stake was now worth just under $6.6m. That would value the overall company, now officially called X Holdings Corp after Musk\u2019s early venture X.com, at just $14.75bn. Continue reading…Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"

Asset manager Fidelity reports that stake worth $20m in October 2022 is now worth just under $6.6m Twitter\u2019s value has plummeted by almost two-thirds since Elon Musk acquired the company in October 2022, one of the social media company\u2019s only remaining external investors has admitted. Fidelity, an asset manager that held a stake in Twitter …<\/p>\n

Twitter\u2019s value down two-thirds since Musk takeover, says investor<\/span> Read More »<\/a><\/p>\n","protected":false},"author":0,"featured_media":10234,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/10233"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=10233"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/10233\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/10234"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=10233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=10233"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=10233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}