Mutual fund company Fidelity has marked down its investment in X holdings — the parent company of X (formerly Twitter) owned by Elon Musk — by 71.2% from the original valuation of shares, according to a new disclosure. Fidelity spent $19.2 million to acquire a stake in X back in October 2022. The fund manager […]
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https://techcrunch.com/2024/01/02/fidelity-marks-down-x-to-almost-a-third-of-the-investment-price/
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