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.
  • Ashyr
    16·
    11 months ago

    Is this on top of the 65% valuation drop from before or just an adjustment to it?

    • BrikoX@lemmy.zipOPMEnglish
      17·
      11 months ago

      It mentions “from the original valuation of shares”, so just an adjustment.

      • jacksilver@lemmy.world
        10·
        11 months ago

        So it’s 71.5% drop from the initial, which makes it a 18.5% drop from the evaluation a month ago? If that’s true, that’s a huge drop.

        TLDR: Evaluation dropped 65% ~1 year and then dropped another 18.5% in a month.

        • ScratchEnglish
          3·
          11 months ago

          How long until Elon tells the valuation company to go fuck itself?