So far, however, his efforts haven't paid off with advertisers, as Platformer reports revenue is down around 40% year-over-year. The big picture: Musk is seeking to remake Twitter into a leaner, more tech-focused social media company. It revalues all of its holdings, including stock in private companies, on a monthly basis. ![]() Note: Fidelity, while a Twitter shareholder, doesn't necessarily have proprietary information about the company's performance. Tesla, which Fidelity wouldn't use as a comp for its Twitter calculations, saw its stock price sink nearly 37% in December.It's these agents who will be paid the 54.20 owed for each. Emmanuel Dunand / AFP via Getty Images file. ![]() Twitter stock was trading 5 down after the news broke, at around 35 (£29) a share. Screens display Twitter's share price at the New York Stock Exchange, in New York in 2013. This suggests that the stock has a possible downside of 22.8. On average, they predict the companys stock price to reach 41.46 in the next twelve months. Their TWTR share price forecasts range from 22.00 to 54.20. ![]() For context, Facebook parent Meta experienced a small increase in its stock price during December, while Snap shares were down 13.19% and the Nasdaq lost 8.73%. Twitter has now launched legal action to close the deal on the original terms. 20 brokerages have issued 1 year price targets for Twitters shares.That's not as steep a cut as what Fidelity did after the first month of Musk's tenure, but movement continues in the wrong direction.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.īy 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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