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> 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
by 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]