Twitter valued at one-third what Musk paid for it last year

After months of chaos, Twitter is settling into its new role as Elon Musk's proprietary media, used (if not always useful) to promote the right-wing memes and personalities he's into and, well, not much else. With use reportedly in decline and revenues in bad shape, it's now worth about a third of what Musk paid for it last year, according to financial services company Fidelity Investments. — Read the rest