Musk had previously acknowledged that he overpaid for Twitter when he purchased the social media platform for $44 billion last year.
the story first, said that it’s “unclear how Fidelity arrived at its new, lower valuation or whether it receives any non-public information from the company.”
Public opinion has also not worked in Musk or Twitter’s favor, with the website’s founder and former CEO Jack DorseyMusk, who runs other companies like Tesla and SpaceX, has been under pressure to give more time to these companies. Hence, earlier this month, he eventhat he has hired a new CEO for Twitter, with rumors about NBC Universal executive Linda Yaccarino soon assuming the role.
He launched Twitter Blue, which is a subscription-based service that adds a blue ‘verified’ tick on a user’s profile and allows them to get their hands on services like undoing tweets and exclusive content at $8/month or $84/year.
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