Ever since Elon Musk acquired Twitter for $44 billion last year, it's been a widely agreed upon stance that he greatly overpaid for the social media platform. However, the amount in which he overpaid seems to be widening post-acquisition. According to Fidelity, Twitter is now worth around 33 percent what the billionaire originally paid for it. That puts Twitter's value at roughly $15 billion. The number comes from the investment firm's own valuation of its own stake in Musk's Twitter, which Fide...
Ever since Elon Musk acquired Twitter for $44 billion last year, it's been a widely agreed upon stance that he greatly overpaid for the social media platform. However, the amount in which he overpaid seems to be widening post-acquisition. According to Fidelity, Twitter is now worth around 33 percent what the billionaire originally paid for it. That puts Twitter's value at roughly $15 billion. The number comes from the investment firm's own valuation of its own stake in Musk's Twitter, which Fide...
Share this Article
Recommended