Tag Archives: Fidelity

Major Twitter Investor Devalues Holdings By 56%

Axios reports: Fidelity slashed its carrying value of Twitter by 56% during the first month of Elon Musk’s ownership, according to a new disclosure. Fidelity was among the group of outside investors that helped Musk finance his $44 billion takeover of the social media site, by purchasing equity. Fidelity’s Contrafund valued its Twitter shares at $53.47 million on Oct. 31, …

Read More »