• Fidelity, one of the investors that helped finance Elon Musk’s $44 billion takeover of Twitter, has reduced the value of its stake in Twitter by 56%.
• This recalculation comes as Twitter faces a number of issues, largely due to chaotic management decisions.
• These issues include an exodus of advertisers from the platform.
Fidelity reduces value of Twitter stake by more than half
[Via]
