Fidelity invested over $300 million into Elon Musk's $44 billion takeover.
Share on email Mutual fund giant Fidelity wrote down the value of its shares in Twitter/X by another 8% during the month of September, according to a new disclosure.Fidelity doesn't explain how it calculates its valuations for unlisted securities, and other Twitter/X shareholders may have different holding values.
There's speculation that it uses public market comps like Snap, although Snap shares lost 13.9% during September and only around 10% over the relevant one-year period.Share on linkedin
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