As of April 28, the market value of the interest of Fidelity Blue Chip Growth Fund in Twitter, was close to 6.55 million dollars, down from 7.8 million dollars on January 31.
Twitter is struggling to recover from a decline in revenue from advertising alongside navigating a reorganization that entailed large job cuts.
Musk selected previous NBCUniversal advertising head Linda Yaccarino as the brand’s new chief executive officer of Twitter.
Over fifty percent of the original Twitter Blue customers who paid eight dollars each month are currently not subscribing and have stopped using the Blue Ticks.
Out of the initial 150,000 or more Twitter Blue users, merely around 68,157 have persisted in keeping their paid memberships.
A total of 150,000 people initially subscribed to Twitter Blue during a short period after its November rollout.
Additionally, 2,270 premium Twitter Blue members who have no followers at all were counted.