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Fidelity marks down X valuation by 71.5% (techcrunch.com)

submitted 11 months ago by [email protected] to c/[email protected]

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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.

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[–] [email protected] 5 points 11 months 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.