The company listed on the NYSE in 2013 and Elon Musk came on in 2022 – and again took Twitter out of business after a $44 billion takeover. Since then, one can only guess what Twitter is worth to its shareholders – or take a look at the documents of major investors. For example, with asset manager Fidelity, which was one of Musk’s financiers when he bought Twitter.
Because Fidelity devalued its Twitter shares at the end of 2022, by 56%. The shares of the short message service, currently owned by the Fidelity Blue Chip Growth Fund, are no longer worth $19.66 million, but only $8.63 million. Extrapolated to the company’s valuation at the time of Musk’s takeover of $44 billion, Twitter would then be worth only around $24.6 billion today.
Here’s a list of Musk’s other Twitter backers:
| investor | Overall equity commitment |
| AM management and consulting | $25,000,000 |
| Andreessen Horowitz (a16z) | $400,000,000 |
| Aliya Capital Partners LLC | $360,000,000 |
| BAMCO, Inc. (Baron) | $100,000,000 |
| binance | $500,000,000 |
| Brookfield | $250,000,000 |
| Partners DFJ Growth IV (Tim Draper) | $100,000,000 |
| Loyalty management and research | $316,139,386 |
| Honeycomb Asset Management | $5,000,000 |
| Key Wealth Management Advisors | $30,000,000 |
| Lawrence J. Ellison (Oracle) | $1,000,000,000 |
| Litani Ventures | $25,000,000 |
| QatarHolding | $375,000,000 |
| Sequoia Capital Funds | $800,000,000 |
| Capital Strauss | $150,000,000 |
| Tresser Blvd 402 LLC (Cartenna) | $8,500,000 |
| VyCapital | $700,000,000 |
| Capital of Wittkoff | $100,000,000 |
Mastodon takes advantage of Twitter theft and grows to 2.5 million users
Musk dethroned
This news is not a surprise, for several reasons. For one thing, 2022 has generally seen tech stocks depreciate sharply. Not only companies like Tesla or Meta Platforms lost a large part of their market value, but private companies like Stripe, Check.out.com or Klarna also had to downgrade their ratings, some of them sharply. On the other hand, chaos has erupted on Twitter since Musk’s takeover in October 2022. Attempts are constantly being made to introduce new features that seem hasty and still need revisions.
Musk’s fortune itself also plummeted – he hasn’t been able to call himself “the richest man in the world” for a long time. He was forced to cede the title to LVMH CEO and principal owner Bernard Arnault of France in December 2022. According to Bloomberg, Musk is the first person in the world tor 200 lost billions of dollars. Musk was particularly affected by the sharp devaluation of Tesla shares, which lost 65% in value last year.
Elon Musk himself voted for the job of CEO of Twitter – and it’s not looking good