Fidelity cuts off its Twitter stake value by 56% as Elon Musk-owned microblogging site faces challenges
Shortpedia
Content Team
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Top global investment firm Fidelity has slashed the value of its stake in Twitter by 56 per cent during the first month of Elon Musks ownership, as the micro-blogging platform navigates through a myriad of issues. Fidelity's Contrafund valued its Twitter shares at $53.47 million on October 31, just days after Musk's $44 billion acquisition deal was closed, reports Axios.
