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Axios
Axios
Business

THE TRUTH ABOUT: Fidelity again cuts its twitter valuation - Caught on Camera

Fidelity Twitter Inc. Elon Musk

Fidelity has marked down the value of its Twitter stock by more than 60% since Elon Musk acquired the company at the end of October, according to new disclosures.

By the numbers: Fidelity, which helped Musk finance his $44 billion takeover, slashed the carrying price of its shares by 9.58% between the end of November and the end of December.

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