Alan Musk got a big shock, Fidelity reduced its 56 percent stake in Twitter!

Twitter News Desk !!! The top global investment firm Fidelity reduced the value of its stake in Twitter by 56 percent during the first month of Alan Musk’s ownership. According to the Exios report, Fidelity’s contraction on October 31 until a few days after Musk’s procurement agreement was stopped from $ 44 billion to $ 53.47 million. This was followed by a revaluation of approximately $ 23.46 million to shares until November 30, which represents a 56 percent drop. Fidelity was one of the investors, who helped Musk acquire a $ 44 billion microblogging platform by buying equity. According to the report, the investment firm has Twitter shares in many of its mutual funds called X Holdings EY Inc. Twitter is currently underway. Large scale preparations are made between the sorting and the advertisers leaving the platform. Media matters for the US estimated last month that half of the Top 100 advertisers of Twitter, who spent about $ 750 million on Twitter advertising this year, no longer advertise on the website. Musk said on Friday that the new Twitter among them will have to optimize every minute that users spend on micro-blog platforms. Musk is now trying to earn a profit to save the company from bankruptcy. Musk also started a Blue Tick subscription, which costs $ 8 a month for shopping on the web or $ 11 a month via iOS App Store. -Ians PK/CBT Share this story