- Elon Musk paid $44 billion to acquire Twitter in 2022. While Musk has acknowledged that he overpaid for Twitter, he remains confident in his ability to turn the company profitable by capitalizing on user engagement. To get the acquisition done, Musk sold shares of Tesla to help finance the purchase and also had other investors back the deal. Among the investors who backed Musk's acquisition of Twitter was Fidelity, a leading financial services company. Fidelity recently cut its valuation of its stake in Twitter. The Fidelity Blue Chip Growth Fund has a $6.6 million stake in Twitter, according to a recent disclosure. This marks a decline from a recognized value of $19.7 million at the end of October. Based on the stake, Fidelity values Twitter at $15 billion, or around a third of what the company sold for to Musk and investors. Fidelity has now cut the value of its stake in Twitter four times since the deal was finalized, with changes in November, December, February and May. Re...