Designer Jony Ive and OpenAI’s Sam Altman Discuss AI Hardware ProjectRead more

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markets

Fidelity Cuts Twitter Valuation by 56%

By
Becky Peterson
· · Source: Axios

Fidelity Investments last month lowered the value of its stake in Elon Musk’s Twitter by 56% to $23.5 million at the end of November, Axios reported, citing recent public filings. Fidelity was among the private investors who bought equity in Musk’s $44 billion Twitter acquisition at the end of October. Musk, who unsuccessfully tried to get out of the deal after agreeing to it in April, said...

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Former Apple design chief Jony Ive and OpenAI CEO Sam Altman. Photos by Getty.
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