One of the biggest purchases of this year Twitter, Elon Musk is experiencing a financial crisis. in April $44 billion The shares of the social media platform that were sold fell. Accordingly, it fell to about a third of the price that Elon Musk received.
Giant investment company: Twitter share value fell to a third
According to investment firm Fidelity, Twitter has suffered a significant loss in value since the acquisition of Elon Musk. The company’s Twitter value Only a third of what Musk paid He said he’s regressed. The next move of Musk, who sacrificed $ 44 billion for Twitter, is uncertain.
It remains unclear how Fidelity came up with this analysis and what sources it used. Elon Musk, who previously admitted to paying “too much” for Twitter, offered employees $20 billion in stock grants earlier this year.
Worrying statement: Twitter is withdrawing from the disinformation war!
According to today’s allegations, Twitter, which fights against information pollution, will withdraw from the EU’s disinformation regulation, which is a voluntary agreement.
Since being acquired by Musk Twitter’s financial crisis We know it passed. The $13 billion debt, along with Musk’s controversial decisions, led to a 50 percent drop in ad revenue. This lost income is desired to be regained through Blue subscriptions.
However, research shows that at the end of March, only 1 percent of Twitter users subscribed to Blue. Promising striking features such as blue ticks, longer videos and fewer ads, Blue failed to attract the expected attention from users.
Elon Musk, on the other hand, spent over $25 billion to buy a 79 percent stake in the company. But the current value of Twitter investment, according to the Bloomberg Billionaires Index $8.8 billion watching around.
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