3 ms·
The very small piece of Twitter owned by a Fidelity fund which reports publically has been written down a number of times since the acquisition. In December i
by maxbond 3y ago
The very small piece of Twitter owned by a Fidelity fund which reports publically has been written down a number of times since the acquisition.
In December it went down to $8.5m, valued at around $20m at the time of the acquisition:
https://www.reuters.com/technology/fidelity-marks-down-value-twitter-stake-by-56-2022-12-30/ https://www.reuters.com/technology/fidelity-marks-down-value...
And more recently it's dropped to about $6.6m:
https://www.detroitnews.com/story/tech/2023/05/31/twitter-worth-fidelity-musk-investment/70273011007/ https://www.detroitnews.com/story/tech/2023/05/31/twitter-wo...
Implying a valuation of $15b (6.6/20 * 44).