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Evening Standard
Evening Standard
Technology
Alan Martin

Twitter is now worth a third of what Elon Musk paid, Fidelity says

It’s widely accepted that Elon Musk overpaid for Twitter when he purchased the social media platform for $44 billion (£36bn) last year. In March, an internal memo showed that Musk valued the company at $20bn (£16.2bn). He told the BBC that he went through with the purchase only because he believed a judge was about to force his hand.

But it looks like things are getting worse for Musk, nine months into his ownership.

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