Twitter is now worth just 33% of Elon Musk’s purchase price

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Twitter's value has been marked down to one-third of what Elon Musk paid, as reported by Fidelity.

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Musk admitted to overpaying for Twitter, purchasing it for $44 billion, including $33.5 billion in equity.

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Recently, Musk stated that Twitter is worth less than half of his initial investment.

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Fidelity lowered the value of its Twitter stake multiple times, with the latest reduction in November to 44% of the purchase price.

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Since Musk's takeover, Twitter has faced financial struggles, with advertising revenue declining by 50% due to debt and content moderation challenges.

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Attempts to recoup revenue through Twitter Blue subscriptions have been unsuccessful, with less than 1% of monthly users signing up.

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Musk's investment in Twitter is now valued at $8.8 billion, resulting in a reduction of approximately $850 million from his fortune.

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