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# Twitter may now be worth a third of its value compared to when Elon Musk acquired it, reports CNN Business
- URL: https://capitolcommunicator.com/twitter-may-now-be-worth-a-third-of-its-value-compared-to-when-elon-musk-acquired-it-states-cnn-business/
- Published: 2023-05-31T19:57:09.000Z
- Updated: 2023-05-31T20:02:37.000Z
- Author: Capitol Communicator
- Tags: Insights, Social Media, #Import 2026-10-08 18:53

**A Fidelity fund has slashed its estimate of Twitter’s value** “amid ongoing chaos at the company, implying the social media platform may be worth only a third of its value compared to when Elon Musk acquired it in October,” reports CNN Business.

According to a [monthly disclosure](https://www.actionsxchangerepository.fidelity.com/ShowDocument/ComplianceEnvelope.htm?%5Ffax=-5%23-96%23-92%23-102%23-55%23121%23-88%23-81%23105%236%2313%23-58%23-58%2376%2369%23-124%23105%23111%23-35%2375%23-100%23-43%23-71%23-35%2378%23-86%23-90%2389%23-118%2371%23-50%2325%23-109%23-22%2337%23-126%2341%23112%23118%23100%2393%23113%23-112%23127%23-42%23-97%2330%23-58%23-29%23102%23-60%23-47%239%23-82%23100%2349%23-115%23-125%2329%23-69%23126%23-16%23-72%23-50%23-75%23-54%2324%2343%23-48%23-44%2368%234%2311%23123%2334%2333%2396%23-121%23-65%2340%23-23%2373%23117%23-106%2347%2332%23-88%2321%23&ref=capitolcommunicator.com), Fidelity’s Blue Chip Growth Fund reported that its stake in Twitter was worth $6.55 million at the end of April, adds CNN.

“That’s down from the $19.66 million the Fidelity fund [said its stake was worth](https://www.sec.gov/Archives/edgar/data/754510/000175272422293786/xslFormNPORT-P%5FX01/primary%5Fdoc.xml?ref=capitolcommunicator.com) in October as Musk was finalizing the acquisition. The revision implies Twitter may be worth only $15 billion overall,” as opposed to Musk’s $44 billion purchase price, reports CNN.

Fidelity did not provide a reason for the markdown in its disclosure nor an explanation of how it arrived at its valuation, “but the adjustment coincides with widespread public blowback to Musk’s erratic decision-making,” states CNN.

More [here](https://www.cnn.com/2023/05/31/tech/twitter-value-fidelity-estimate/index.html?ref=capitolcommunicator.com#:~:text=The%20revision%20implies%20Twitter%20may,Musk's%20%2444%20billion%20purchase%20price.).