Steve HermanMay 30, 2023
#Twitter now worth just 1/3 of Musk's purchase price, according to Fidelity. https://www.bloomberg.com/news/articles/2023-05-30/twitter-is-worth-33-of-musk-s-purchase-price-fidelity-says
Twitter Worth Only Third of Elon Musk's Purchase: Fidelity

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.

Bloomberg
Show threadErin ConroyMay 30, 2023

@w7voa

Twitter may have lost market value, but since he took it over, Elon Musk’s wealth is up about $45 billion, largely due to increases in Tesla stock (the same stock he was prosecuted by the SEC for…using Twitter to illegally manipulate its prices).

Show threadErin ConroyMay 30, 2023

@w7voa

Why would anyone think Musk cares much about the sales price of Twitter when he is more than breaking even due to his vastly increased ability to control information pipelines globally. Including the ability to monitor and disrupt his political enemies & use his control of algorithms to boost whatever of his dystopian projects he wants?

According to the same article you posted:

Show threadempiricism

@chargrille @w7voa

Folk tend to believe what they want to believe. Until reality gets in the way.

May 31, 2023 at 12:27amWeb