Twitter to name top shareholder Musk to board
2 years, 9 months ago

Twitter to name top shareholder Musk to board

The Hindu  

Twitter Inc. said on Tuesday it would name top shareholder and Tesla boss Elon Musk to its board, a day after the billionaire disclosed a 9.2% stake in the social media company. Mr. Musk cannot become the owner of more than 14.9% of Twitter's common stock either as an individual shareholder or as a member of a group as long as he is the director of Twitter, the company said in a filing. On Monday, Mr. Musk disclosed his ownership of 73.5 million Twitter shares, which are held by the Elon Musk Revocable Trust, of which he is the sole trustee. Mr. Musk will serve as a Class II director, with the term expiring at Twitter's 2024 annual meeting of stockholders.

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History of this topic

Musk says US is demanding he pay penalty over disclosures of his Twitter stock purchases
3 weeks, 6 days ago

Musk says US is demanding he pay penalty over disclosures of his Twitter stock purchases

Associated Press  

DETROIT — Elon Musk says the Securities and Exchange Commission wants him to pay a penalty or face charges involving what he disclosed — or failed to disclose — about his purchases of Twitter stock before he bought the social media platform in 2022. In a letter posted by Musk on the platform now called X, his lawyer Alex Spiro …

Elon Musk says SEC orders him to pay fine over Twitter purchase or face charges
Trending News
3 weeks, 6 days ago

Elon Musk says SEC orders him to pay fine over Twitter purchase or face charges

CNN  

New York CNN — Elon Musk apparently has one last battle to wage with outgoing Securities and Exchange Commission Chairman Gary Gensler. Musk posted a letter sent from his attorney Alex Spiro to Gensler in which he said that the agency demanded that Musk agree within 48 hours to pay a fine related to his failure to disclose his initial …

Jeff Bezos denies Musk's claim on Tesla stock advice: '100% not true'
1 month, 2 weeks ago

Jeff Bezos denies Musk's claim on Tesla stock advice: '100% not true'

India Today  

The rivalry between Tesla and SpaceX CEO Elon Musk and Amazon founder Jeff Bezos has once again come into the spotlight. Musk recently claimed on social media platform X, formerly Twitter, that Bezos had advised people to sell their Tesla and SpaceX shares, predicting Donald Trump's electoral defeat. In a post on X, Musk wrote, "Just learned tonight at Mar-a-Lago …

Elon Musk’s Twitter Takeover Set Off a Race to the Bottom
55 years ago

Elon Musk’s Twitter Takeover Set Off a Race to the Bottom

Wired  

In the final lead-up to the US presidential election, Elon Musk has thrown the full weight of his celebrity and his resources behind former president and Republican nominee Donald Trump. “In a race to the bottom, Elon Musk paved the way for a new, toxic tech basement,” says Nora Benavidez, senior counsel at the nonprofit Free Press. “Yet, as long …

Trump’s Truth Social is now worth more than Elon Musk’s X after recent surge in stock price
2 months, 1 week ago

Trump’s Truth Social is now worth more than Elon Musk’s X after recent surge in stock price

The Independent  

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Trump's Truth Social Stock Soars, Outperforming Elon Musk's X in Market Valuation
2 months, 1 week ago

Trump's Truth Social Stock Soars, Outperforming Elon Musk's X in Market Valuation

Hindustan Times  

Trump's Truth Social stock market valuation soars past Elon Musk's X, with shares of TMTG surging nearly 9% on Tuesday. This surge is fueled by strong predictions in betting markets about Trump's lead in the upcoming presidential elections. While X boasts a larger user base, TMTG's valuation surpasses that of X after a recent rally. The stock's rise has sparked …

Twitter brain drain: Academic exodus followed Elon Musk’s takeover
2 months, 2 weeks ago

Twitter brain drain: Academic exodus followed Elon Musk’s takeover

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musk’s takeover of Twitter in 2022 triggered an exodus of academics from …

‘How Elon Musk Destroyed Twitter’ authors say platform is ‘a tool for controlling political discourse’
3 months, 3 weeks ago

‘How Elon Musk Destroyed Twitter’ authors say platform is ‘a tool for controlling political discourse’

LA Times  

Elon Musk’s ownership of Twitter is the subject of a new book, “Character Limit: How Elon Musk Destroyed Twitter,” out Sept. 17. On the Shelf Character Limit: How Elon Musk Destroyed Twitter By Kate Conger and Ryan Mac Penguin Press: 480 pages, $32 If you buy books linked on our site, The Times may earn a commission from Bookshop.org, whose …

Elon Musk sued by former Twitter board member Omid Kordestani over shares
4 months, 4 weeks ago

Elon Musk sued by former Twitter board member Omid Kordestani over shares

The Hindu  

X owner Elon Musk was sued by a former Twitter board member, Omid Kordestani, who said he was owed more than $20 million in shares that the billionaire had not given him, per The New York Times. In 2022, when billionaire Elon Musk proceeded to buy the social media platform for around $44 billion, Kordestani helped in the process. However, …

Why Bernie Sanders is thanking Elon Musk
5 months, 3 weeks ago

Why Bernie Sanders is thanking Elon Musk

Raw Story  

U.S. Sen. Bernie Sanders on Tuesday took the unusual step of applauding Elon Musk—but not for reasons that the Tesla CEO and world's richest man would likely find flattering. In the wake of reports indicating that Musk plans to inject $45 million per month into a new super PAC supporting former President Donald Trump's bid for another four years in …

Elon Musk suggests late Twitter disclosure was a mistake, seeks to end lawsuit
6 months ago

Elon Musk suggests late Twitter disclosure was a mistake, seeks to end lawsuit

Hindustan Times  

Elon Musk wants to dismiss a lawsuit by former Twitter shareholders who said he waited too long in early 2022 to reveal his large ownership stake in the social media company, saying "all indications" show his delay was a mistake. Investors in the proposed class action said Musk and his wealth manager Jared Birchall knew a U.S. Securities and Exchange …

Elon Musk ‘secretly acquired’ Twitter stock before buying company, Morgan Stanley covered up: Report
7 months, 1 week ago

Elon Musk ‘secretly acquired’ Twitter stock before buying company, Morgan Stanley covered up: Report

Hindustan Times  

Elon Musk secretly acquired a major stake in Twitter in early 2022 before eventually buying the social media platform. The banker, who remains unidentified, offered Elon Musk and his business manager Jared Birchall regular updates on “trading strategies to avoid public detection” and “‘Money Saved’ by hiding these trades from the market,” the lawsuit showed. Elon Musk ended acquired a …

X/Twitter is now worth less than a third of what Elon Musk bought it for, investor believes
1 year ago

X/Twitter is now worth less than a third of what Elon Musk bought it for, investor believes

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musk’s X is worth less than a third of what he paid …

Elon Musk said something very rude and mean to advertisers. It’s because he wants Twitter to die.
1 year, 1 month ago

Elon Musk said something very rude and mean to advertisers. It’s because he wants Twitter to die.

Slate  

What does Elon Musk want with Twitter? Yes, Musk had said he didn’t “care about the economics at all” and that buying Twitter was a matter of his ideological commitment to free speech. Antagonizing his old advertisers points in the exact same direction that Musk’s boring endorsement of antisemitism pointed: He is no longer interested in salvaging Twitter as a …

Elon Musk bought Twitter one year ago. Here’s everything he broke there.
1 year, 2 months ago

Elon Musk bought Twitter one year ago. Here’s everything he broke there.

Slate  

He didn’t want to, but Elon Musk closed his purchase of Twitter one year ago. The lawyers representing Twitter’s outgoing board of directors were better than Musk’s—or, maybe more accurately, had a close-to-ironclad case against a reputably brilliant billionaire who tried to call “backsies!” on a contract he’d inked. Related From Slate The Elon Effect Is Real: Twitter Users Are …

Commentary: Elon Musk bought Twitter just to break it. With a new war, we’re paying the price
1 year, 2 months ago

Commentary: Elon Musk bought Twitter just to break it. With a new war, we’re paying the price

LA Times  

It’s been nearly a year since Elon Musk acquired Twitter, and more than the average landlord, he’s made some changes to the storefront: replacing the social media platform’s cheerful winged mascot with an ominous “X,” stripping all but paying subscribers of verified status, and turning it from a frenetic crossroads of breaking news and opinion to a playground for falsehoods …

Elon Musk must face fraud lawsuit for disclosing Twitter stake late
1 year, 3 months ago

Elon Musk must face fraud lawsuit for disclosing Twitter stake late

The Hindu  

Elon Musk was ordered by a US judge to face most of a lawsuit claiming he defrauded former Twitter shareholders last year by waiting too long to disclose that he had invested in the social media company, which he later bought and renamed X. In a decision made public on Monday, US District Judge Andrew Carter said shareholders in the …

Elon Musk-owned X could turn a profit by 2024: CEO Linda Yaccarino
1 year, 3 months ago

Elon Musk-owned X could turn a profit by 2024: CEO Linda Yaccarino

Hindustan Times  

Social media platform X could turn a profit in early 2024, Chief Executive Officer Linda Yaccarino said on Wednesday, during a wide-ranging interview in which she defended the company's progress under billionaire owner Elon Musk. X Chief Executive Officer Linda Yaccarino The appearance at Vox Media's Code conference comes as Yaccarino marked 100 days as CEO of the platform formerly …

Elon Musk took $1 billion loan from SpaceX while acquiring Twitter: Report
1 year, 4 months ago

Elon Musk took $1 billion loan from SpaceX while acquiring Twitter: Report

Live Mint  

Billionaire Elon Musk withdrew a loan of $1 billion from his two-decade-old company ‘SpaceX’ around the same time he was acquiring Twitter for $44 billion, according to a report published by the Wall Street Journal. Last October, SpaceX approved the $1 billion loan which was backed by some of Elon Musk's SpaceX stock. Elon Musk sold a massive chunk of …

The Real Story of Musk’s Twitter Takeover
1 year, 4 months ago

The Real Story of Musk’s Twitter Takeover

Live Mint  

In April 2022, things were going surprisingly well for Elon Musk. “Fixing Twitter by chatting with Parag won’t work," Musk answered. ‘I made an offer.’ Musk says that it became clear to him when he got to Hawaii that he would not be able to fix Twitter or turn it into X.com by going on the board: “I decided I …

Elon Musk reveals Twitter takeover driven by 'woke mind virus' that infected his trans daughter
1 year, 4 months ago

Elon Musk reveals Twitter takeover driven by 'woke mind virus' that infected his trans daughter

The Telegraph  

The purpose of the trip was to introduce their son, X, to her parents. Back in the hotel, Mr Musk texted his decision to Mr Taylor “I have decided to move forward with taking Twitter private.” The tycoon unwound by playing a video game until 5.30am, before tweeting: “I made an offer.” Mr Musk then set about trying to find …

By Seizing @Music, Elon Musk Shows He Doesn’t Know What Made Twitter Good
1 year, 4 months ago

By Seizing @Music, Elon Musk Shows He Doesn’t Know What Made Twitter Good

Wired  

Sixteen years ago, software developer Jeremy Vaught created the Twitter handle @music to curate news and share stories about, obviously, music. “It feels like this would be this forever thing where somebody's got their account taken and they were allowed to go take another one,” Vaught says. But unilaterally taking a popular handle off a user could be bad business …

Elon Musk: Twitter will not cut earnings for most users
1 year, 5 months ago

Elon Musk: Twitter will not cut earnings for most users

India TV News  

Elon Musk, the owner of X, recently introduced an ad revenue-sharing program to help creators earn money from their tweets. Musk expressed his discontent with Apple's 30% fee for in-app purchases made through the Twitter app on iOS devices during the first year, which reduces to 15% for subsequent years. Image Source : X APPElon Musk's Tweet X's new creator …

Column: Elon Musk has replaced Twitter with X — and an actual business with science fiction
1 year, 5 months ago

Column: Elon Musk has replaced Twitter with X — and an actual business with science fiction

LA Times  

Before Elon Musk entered the picture, Twitter had a real, and mostly sustainable business model. A reporter for TechCrunch, a website famous for reflecting Silicon Valley optimism, wrote, simply, “It’s trash.” The tech world spent the following days trying to read the tea leaves, to game out Musk’s plans and motives for overhauling — some would say desecrating — one …

People express disbelief as Elon Musk reclaims title of world’s richest person amid Twitter rebrand
1 year, 5 months ago

People express disbelief as Elon Musk reclaims title of world’s richest person amid Twitter rebrand

The Independent  

Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more SIGN UP I would like to be emailed about …

Cathie Wood’s ARK Writes Down Twitter Stake by 47%
1 year, 5 months ago

Cathie Wood’s ARK Writes Down Twitter Stake by 47%

Live Mint  

Cathie Wood’s ARK Investment Management has written down its stake in Twitter by 47% since Elon Musk took the social-media company private last year, Wood said in an interview. “The write-down is not representative of our fundamental outlook and belief in the long-term return on investment we believe that it will have for our shareholders.” Wood is still bullish on …

Elon Musk is ‘distracted’, a ‘top risk’ for Tesla, say investors: Report
1 year, 5 months ago

Elon Musk is ‘distracted’, a ‘top risk’ for Tesla, say investors: Report

Hindustan Times  

Right on cue, Tesla Inc. skeptics are pushing back after this year's sizzling $500 billion rally. Tesla CEO Elon Musk said July 15 that the social media platform he bought for $44 billion last October has lost roughly half of its advertising revenue. Rival automakers pouncing on booming demand for electric vehicles pose the biggest challenge for Tesla over the …

Elon Musk says Twitter has lost half its advertising revenue
1 year, 5 months ago

Elon Musk says Twitter has lost half its advertising revenue

The Hindu  

Twitter has lost roughly half of its advertising revenue, according to owner Elon Musk, since he bought the social media platform for $44 billion last October. Earlier this month, Musk announced that Twitter was limiting verified accounts to reading 10,000 tweets a day, in a bid "to address extreme levels of data scraping" and "system manipulation" by third-party platforms. Twitter …

Elon Musk sues Wachtell law firm to recoup fees from Twitter buyout
1 year, 6 months ago

Elon Musk sues Wachtell law firm to recoup fees from Twitter buyout

The Hindu  

Elon Musk has sued the elite law firm Wachtell, Lipton, Rosen & Katz to recover most of a $90 million fee it received from Twitter for defeating his bid to walk away from his $44 billion buyout of the social media company. Musk accused Wachtell of exploiting Twitter by accepting, in the final days before the Oct. 27, 2022, buyout …

Twitter has money licenses in three states, opening door for Musk’s plan to platform into ‘everything app’
1 year, 6 months ago

Twitter has money licenses in three states, opening door for Musk’s plan to platform into ‘everything app’

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Twitter has reportedly secured …

Twitter CEO stands firm on tweet reading rate limits: Know more
1 year, 6 months ago

Twitter CEO stands firm on tweet reading rate limits: Know more

India TV News  

In a recent blog post, Twitter provided clarification regarding its decision to implement temporary rate limits on its micro-blogging platform. Yaccarino's tweet was her first public comment on the limits introduced by owner Elon Musk to address data scraping and system manipulation. Musk's announcement sparked criticism from millions of users worldwide, including in India, as the micro-blogging platform experienced a …

Tesla shares accelerate toward $300 on spike in deliveries and charging deal with major automakers
1 year, 6 months ago

Tesla shares accelerate toward $300 on spike in deliveries and charging deal with major automakers

Associated Press  

Tesla is roaring back from a dismal 2022 as company shares, which have already doubled this year, were driven higher Monday by a spike in second-quarter deliveries. Shares jumped 7% to a new high for 2023 after the electric car maker said its deliveries in the most recent quarter rose 83% compared with the same period last year. Shares were …

Twitter limits number of tweets people can read in a day, Elon Musk announces
1 year, 6 months ago

Twitter limits number of tweets people can read in a day, Elon Musk announces

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Unverified accounts can only read 600 posts a day, with new unverified accounts limited to just 300 …

Elon Musk’s Twitter announces read limits
1 year, 6 months ago

Elon Musk’s Twitter announces read limits

The Hindu  

Thousands of people logged complaints about problems accessing Twitter on Saturday after owner Elon Musk limited most users to viewing 600 tweets a day — restrictions he described as an attempt to prevent unauthorized scraping of potentially valuable data from the site. Rate limits increasing soon to 8000 for verified, 800 for unverified & 400 for new unverified https://t.co/fuRcJLifTn — …

Twitter CEO working to bring advertisers back to platform
1 year, 6 months ago

Twitter CEO working to bring advertisers back to platform

The Hindu  

Twitter's new chief executive, Linda Yaccarino, is working on a slew of measures to bring back advertisers who left the platform under Elon Musk's ownership, including introducing a video ads service, pursuing more celebrities and raising headcount, the Financial Times reported on Wednesday. Yaccarino, who started as CEO on June 5, is planning to launch full-screen, sound-on video ads that …

‘Twitter was corroding society, I bought it and made it better,’ says Elon Musk
1 year, 6 months ago

‘Twitter was corroding society, I bought it and made it better,’ says Elon Musk

Firstpost  

At the VivaTech conference in Paris, Musk revealed the real reason why he bought Twitter. He claimed that Twitter was causing the society to corrode, and that he took over, and made it better Ever since Elon Musk acquired Twitter in a highly publicized $44 billion deal, the popular micro-blogging platform has undergone significant changes. Musk bought Twitter because it …

Twitter’s new chief echoes Elon Musk’s goal in first memo to employees as she takes charge
1 year, 6 months ago

Twitter’s new chief echoes Elon Musk’s goal in first memo to employees as she takes charge

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Twitter’s new chief Linda Yaccarino has sent her first memo to employees which …

Twitter to pay verified creators for ads in replies, Musk says
1 year, 6 months ago

Twitter to pay verified creators for ads in replies, Musk says

The Hindu  

Twitter will soon begin paying verified content creators for ads in their replies, with the first payment block of around $5 million, company owner Elon Musk said on Friday. "Note, the creator must be verified and only ads served to verified users count," Musk, the billionaire who bought Twitter last October, said in a tweet. Since Tesla CEO Musk acquired …

Linda Yaccarino to take over as Twitter CEO officially this week
1 year, 7 months ago

Linda Yaccarino to take over as Twitter CEO officially this week

The Hindu  

Twitter CEO Linda Yaccarino is set to officially take up her position at the Elon Musk-owned company on Monday, and has brought in a co-worker from her former employer NBCUniversal, according to the Wall Street Journal. Benarroch confirmed the move on Twitter and said he was looking forward to building “Twitter 2.0.” Benarroch’s LinkedIn profile listed him as an SVP …

Twitter executive responsible for content safety resigns after Elon Musk criticism
1 year, 7 months ago

Twitter executive responsible for content safety resigns after Elon Musk criticism

Hindustan Times  

A top Twitter executive responsible for safety and content moderation has left the company, her departure coming soon after owner Elon Musk publicly complained about the platform’s handling of posts about transgender topics. She did not say in the message why she was leaving, but her departure came shortly after Musk criticized Twitter’s handling of tweets about a conservative media …

Musk’s house crumbling? His ‘enforcer’ Ella Irwin quits Twitter
1 year, 7 months ago

Musk’s house crumbling? His ‘enforcer’ Ella Irwin quits Twitter

Firstpost  

Ella Irwin, one of Elon Musk’s closest confidants, and head of Twitter’s Trust and Safety has resigned from her job. Irwin first joined Twitter’s trust and safety team in June, left when Musk was in the process of taking over, rejoined Twitter and quickly climbed the ranks to become the head of the division after Elon Musk assumed complete control …

Twitter may be worth one-third what Musk paid for it last fall as Fidelity fund marks down value
1 year, 7 months ago

Twitter may be worth one-third what Musk paid for it last fall as Fidelity fund marks down value

Associated Press  

Twitter may now be worth one-third of what Elon Musk paid for the social media platform just seven months ago. The Fidelity Blue Chip Growth Fund has reduced the market value of its equity stake in Twitter for a third time, now putting it at $6.55 million. By April Musk was telling the BBC that running Twitter has been “ …

How Elon Musk reclaimed title of world's richest person
1 year, 7 months ago

How Elon Musk reclaimed title of world's richest person

India Today  

Billionaire Elon Musk on Wednesday became the world’s richest person again, just a few months after he lost the position to luxury goods tycoon Bernard Arnault. His net worth at one point in 2021 reached around $340 billion but dropped below $200 billion last year as investors dumped Tesla’s shares amid apprehensions of the Twitter acquisition. However, this year has …

Elon Musk is not the richest person in the world anymore
1 year, 7 months ago

Elon Musk is not the richest person in the world anymore

India TV News  

Elon Musk, the CEO of Twitter, briefly reclaimed the title of the world's richest person, surpassing Bernard Arnault, the CEO of LVMH, the parent company of luxury brand Louis Vuitton. Based on the Forbes Real-Time Billionaires List, Bernard Arnault's net worth has reached $216 billion, surpassing Elon Musk's current wealth of $200 billion. Elon Musk, whose net worth experienced a …

Elon Musk is world's richest person again, dethrones LMVH's Arnault
1 year, 7 months ago

Elon Musk is world's richest person again, dethrones LMVH's Arnault

India Today  

Tesla CEO Elon Musk has reclaimed the title of the richest person in the world, surpassing luxury tycoon Bernard Arnault after shares of the latter’s LVMH tumbled. Arnault, the chief executive of luxury brand Louis Vuitton's parent company LVMH, first overtook Musk as the world's richest back in December 2022 when Musk’s Tesla witnessed a steep drop in value. Musk's …

Twitter has lost two-thirds of its value since Elon Musk purchased it in 2022
1 year, 7 months ago

Twitter has lost two-thirds of its value since Elon Musk purchased it in 2022

Daily Mail  

The app continues to be in the headlines as most recently Alexandria Ocasio Cortez said she will leave if Musk engages with fake accounts mocking her Fidelity, whose stake was valued at $19.66 million when Musk took ownership, now says it's worth a measly $6.55 million as of April 28 A Fidelity valuation of its stake in Twitter indicates the …

Twitter's value plummets by two-thirds - Musk's costly acquisition takes a hit: Report
1 year, 7 months ago

Twitter's value plummets by two-thirds - Musk's costly acquisition takes a hit: Report

Hindustan Times  

Twitter's worth has dropped to one-third of what Elon Musk and his co-investors spent to acquire the social media network last year, according to financial services giant Fidelity. According to Fidelity's most recent monthly portfolio valuation report, Twitter is valued at only $15 billion, a minuscule fraction of the $44 billion acquisition price. Fidelity's Twitter stock, valued at approximately $6.55 …

Fidelity fund downgrades its Twitter stake once more
1 year, 7 months ago

Fidelity fund downgrades its Twitter stake once more

The Hindu  

A Fidelity fund has again downgraded its stake in the Elon Musk-owned social media platform Twitter, bringing the value down to around one third of what the billionaire paid for the company, reported Bloomberg. This is the third time Fidelity has lowered the value of its stake in Twitter after Musk took over the company in October. The value of …

Twitter Is Now Worth Just 33% of Elon Musk's Purchase Price
1 year, 7 months ago

Twitter Is Now Worth Just 33% of Elon Musk's Purchase Price

Deccan Chronicle  

Twitter is now worth just one-third of what Elon Musk paid for the social-media platform, according to Fidelity, which recently marked down the value of its equity stake in the company. After saddling the company with $13 billion of debt, Musk’s erratic decision making and challenges with content moderation led advertising revenue to decline by 50%, Musk said in March. …

Twitter may be worth only a third of its pre-Musk value, Fidelity says
1 year, 7 months ago

Twitter may be worth only a third of its pre-Musk value, Fidelity says

CNN  

Washington CNN — A Fidelity fund has slashed its estimate of Twitter’s value amid ongoing chaos at the company, implying the social media platform may be worth only a third of its value compared to when Elon Musk acquired it in October. According to a monthly disclosure, Fidelity’s Blue Chip Growth Fund reported that its stake in Twitter was worth …

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