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Technology @lemmy.zip

BrikoX @lemmy.zip

10 mo. ago • 97%

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.

Technology @lemmy.world Fidelity marks down X valuation by 71.5%

4 comments

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

16
- It mentions “from the original valuation of shares”, so just an adjustment.
  
  17
  
  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.
  
  10