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Fidelity marks down X valuation by 71.5% (techcrunch.com)

submitted 10 months ago by L4s@lemmy.world to c/technology@lemmy.world

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Fidelity marks down X valuation by 71.5%::Asset manager Fidelity has marked down its investment in Musk-owned X by 71.5% from the original valuation of shares.

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[-] tryagain@lemmy.ml 5 points 10 months ago

In their defence, it was a relatively small investment of only $19m. I guess the story is that this must be an indication of how other, larger, investors might also be looking at X.

this post was submitted on 04 Jan 2024

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