Fidelity marks down X valuation by 71.5% | TechCrunch
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Asset manager Fidelity has marked down its investment in Musk-owned X by 71.5% from the original valuation of shares.

Fidelity marks down X valuation by 71.5%::Asset manager Fidelity has marked down its investment in Musk-owned X by 71.5% from the original valuation of shares. 

  • tryagain@lemmy.mlEnglish
    5·
    1 year ago

    In their defence, it was a relatively small investment of only $19m. I guess the story is that this must be an indication of how other, larger, investors might also be looking at X.