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Fidelity: Twitter now worth a third of what Musk paid for it

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Twitter is now worth one-third of what Elon Musk paid for it, according to a report by Fidelity.

Fidelity marked down the value of its equity stake in the social media company.

Musk bought the company for $44 billion, including $33.5 billion in equity.

Read more from Fortune.

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