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Fidelity Helped Musk Get Twitter, Now It’s Slashing Its Valuation Again

View Source | January 30, 2023 10:31 am

  • Fidelity has marked down the value of its Twitter stock by more than 60% since Elon Musk acquired the company at the end of October, according to new disclosures.
  • Fidelity, which helped Musk finance his $44 billion takeover, slashed the carrying price of its shares by 9.58% between the end of November and the end of December.
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