Fidelity marks down X valuation by 71.5%
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Fidelity marks down X valuation by 71.5%
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Re: Fidelity marks down X valuation by 71.5%
#271.5% so far
Re: Fidelity marks down X valuation by 71.5%
#3!!
Re: Fidelity marks down X valuation by 71.5%
#4> “What this advertising boycott is going to do is kill the company,” Musk continued. “And the whole world will know that those advertisers killed the company, and we will document it in great detail.”
You tell 'em Elon!
Re: Fidelity marks down X valuation by 71.5%
#5The List of Defunct Social Networking Services page on Wikipedia will be there for its time:
https://en.wikipedia.org/wiki/List_of_defunct_social_network...
Re: Fidelity marks down X valuation by 71.5%
#6It is curious as to why Fidelity is owning X shares. Is this on behalf of some sort of Fidelity mutual fund that invests in private companies? Or is some sort of alternative investment fund targeted at accredited investors only?
Or do they invest the Fidelity customer cash balances in some sort of David Swenson style diversified portfolio?
Re: Fidelity marks down X valuation by 71.5%
#7It is curious as to why Fidelity is owning X shares. Is this on behalf of some sort of Fidelity mutual fund that invests in private companies? Or is some sort of alternative investment fund targeted at accredited investors only? Or do they invest the Fidelity customer cash balances in some sort of David Swenson style diversified portfolio?
The holding is within the Fidelity Blue Chip Growth Fund (FBGRX), an actively-managed growth equity mutual fund.
Re: Fidelity marks down X valuation by 71.5%
#8Isn’t this Elon putting his money where his mouth is? He’s stated many times that he bought Twitter due to free speech concerns and not to make money. It’s kind of weird to me that people on the internet aren’t praising him for being principled, and are instead laughing at him for (expectedly) losing money.
Re: Fidelity marks down X valuation by 71.5%
#9And they still haven't changed the primary app domain to x.com. Such a joke. It will probably never happen due to the engineering complexities of such a switch with just a barebones engineering team and loss of institutional knowledge over the last year.
Re: Fidelity marks down X valuation by 71.5%
#10And they still haven't changed the primary app domain to x.com. Such a joke. It will probably never happen due to the engineering complexities of such a switch with just a barebones engineering team and loss of institutional knowledge over the last year.
The rebranding was an incredibly dumb decision. I have never seen it referred in the wider world to anything other than "X (formerly known as Twitter)".