Twitter Is Worth Just One-Third Of What Elon Musk And Co-Investors Paid For It In 2022, According To New Fidelity Report

Amonthly reportof portfolio valuations just issued by the financial institution and mutual fund operator reflected the downgrade.

An effort to generate revenue from subscriptions via a paid verification program has apparently not gained significant traction.

In 2023 to date, though, the stock has nearly doubled.

Twitter owner Elon MuskMuhammed Selim Korkutata / Anadolu Agency

Musk is the largest individual shareholder in Tesla, whose market value is about $638 billion.