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Financial services company Fidelity has reduced the market value of its equity stake in the social media platform for a third time &ndash; now putting it at &pound;5.28billion.
That is down from &pound;16.14bn in October.
Mr Musk took control of Twitter after a protracted legal battle and months of uncertainty.
The CEO of Tesla, who also owns SpaceX, bought the company for &pound;35.5bn.
In April, he admitted that running Twitter has been &ldquo;quite painful&rdquo;.
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Blow to value of Twitter

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