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Technology @lemmy.zip

BrikoX @lemmy.zip

2y ago

Fidelity marks down X valuation by 71.5%

techcrunch.com Fidelity marks down X valuation by 71.5% | TechCrunch

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% | TechCrunch

Technology @lemmy.world

Fidelity marks down X valuation by 71.5%

techcrunch.com /2024/01/02/fidelity-marks-down-x-to-almost-a-third-of-the-investment-price/

Fidelity marks down X valuation by 71.5%

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4 comments

Is this on top of the 65% valuation drop from before or just an adjustment to it?
- It mentions “from the original valuation of shares”, so just an adjustment.
  
  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.