Fidelity Writes Down Snapchat Holding by 63 Percent
bloomberg.com
Fidelity Writes Down Snapchat Holding by 63 Percent
1–10 of 13 posts
Re: Fidelity Writes Down Snapchat Holding by 63 Percent
#2The cracks in the facade of phony, good-for-bragging-rights-only "valuations" are really starting to show now. Hold on, this is going to be quite a ride!
Re: Fidelity Writes Down Snapchat Holding by 63 Percent
#3Wooow, so it valued at around 6B right now?
Re: Fidelity Writes Down Snapchat Holding by 63 Percent
#4Hmm...this is odd:
Bloomberg says, "Fidelity bought convertible preferred stock in March"
However, NYPost [1] says, "investors were forced to take common stock, rather than preferred shares or other instruments"
So which is it? Because marking down the value of preferred is very different (and means much more) than marking down the value of common.
[1]: http://nypost.com/2015/05/29/snapchat-has-sold-537m-in-commo...
Re: Fidelity Writes Down Snapchat Holding by 63 Percent
#5Snapchat is Blue Chip Growth?
Fidelity managers can't see the wipeout of $10Billion not many months after they invest?
Re: Fidelity Writes Down Snapchat Holding by 63 Percent
#6[deleted]
Re: Fidelity Writes Down Snapchat Holding by 63 Percent
#7Bloomberg has correct the headline to read 2% instead of 63%.
Re: Fidelity Writes Down Snapchat Holding by 63 Percent
#8The article now indicates 2% rather than 63%. This should probably be updated in the link.
Re: Fidelity Writes Down Snapchat Holding by 63 Percent
#9The cracks in the facade of phony, good-for-bragging-rights-only "valuations" are really starting to show now. Hold on, this is going to be quite a ride!
Yeah it turns out you aren't "changing the world!" With dumbass apps.
Re: Fidelity Writes Down Snapchat Holding by 63 Percent
#10Bloomberg has correct the headline to read 2% instead of 63%.
That's one hell of a mistake.