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>>We are basically in the middle of watching someone flush 44 billion down the drain. Odd statement given that Fidelity just cut its valuation of reddit, but i
by phpisthebest 3y ago
>>We are basically in the middle of watching someone flush 44 billion down the drain.
Odd statement given that Fidelity just cut its valuation of reddit, but increased it valuation of Twitter.
- WJW 3y ago> The Fidelity Blue Chip Growth Fund has reduced the market value of its equity stake in Twitter for a third time, now putting it at $6.55 million. That’s down from the nearly $20 million the Fidelity fund valued its stake at in October. From today, according to https://apnews.com/article/twitter-fidelity-musk-value-08c64f3bda6c3070fef0d33f247501a3 https://apnews.com/article/twitter-fidelity-musk-value-08c64.... It doesn't sound like it increased its valuation of twitter in any way tbh.
- phpisthebest 3y agoTIL that June 1st is "today" July 1st... In reality that was a month ago, and on June 30th they increased the value https://techcrunch.com/2023/06/30/fidelity-deepens-valuation-cut-for-reddit-and-discord/ https://techcrunch.com/2023/06/30/fidelity-deepens-valuation...
- tyrust 3y ago> The financial giant also readjusted the value of its holding in Twitter to $6.86 million, up from $6.55 million from a month prior, but still down 65% since the original investment. Still significantly down.
- phpisthebest 3y ago[flagged]