Basically, Fidelity lost money investing in private companies. Only reason the Fidelity private investment is in the black because of the higher valuation of Ub

Basically, Fidelity lost money investing in private companies. Only reason the Fidelity private investment is in the black because of the higher valuation of Uber Series E round that "artificially" inflated the value of the Fidelity shares from previous Uber Series D round.