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Twitter investor Fidelity says the company’s worth about a third of what Musk originally paid for it.
Not the first time Fidelity marked down its investment and I suspect it won’t be the last:
Fidelity first reduced the value of its Twitter stake in November, to 44% of the purchase price. That was followed by further markdowns in December and February.
Twitter Worth Only Third of Elon Musk's Purchase: Fidelity
[Bloomberg.com]
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