According to the information obtained, after the social network was purchased by Musk for 44 billion dollars, the value of the old Twitter was only 12.54 billion dollars after 14 months, while the value decreased by 70 percent.

At the same time, the current valuation includes the decline in the company’s value after major advertisers left the platform, allegedly due to anti-Semitic statements by the owner of the social network.

Axios notes that although the agency “is a shareholder in a private company,” Fidelity does not have “much, if any, inside information about X’s financial performance.”

Therefore, the current valuation of social network X may differ from other shareholders.

Source: Ferra

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.


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