Fidelity marked down its investment by a whopping 43% http://fortune.com/2015/11/11/snapchat-isnt-the-only-startup-in-fidelitys-crosshairs/ http://fortune.com/2

Fidelity marked down its investment by a whopping 43% http://fortune.com/2015/11/11/snapchat-isnt-the-only-startup-in-fidelitys-crosshairs/ http://fortune.com/2015/11/11/snapchat-isnt-the-only-startup... Add this to the fact they announced layoffs a little while ago + are now experiencing significant competition from bigger players, one has to have a not-so-great forecast for the company