Technology

59605 readers

3394 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

241

Fidelity marks down X valuation by 71.5% (techcrunch.com)

submitted 10 months ago by L4s@lemmy.world to c/technology@lemmy.world

16 comments fedilink hide all child comments

Fidelity marks down X valuation by 71.5%::Asset manager Fidelity has marked down its investment in Musk-owned X by 71.5% from the original valuation of shares.

you are viewing a single comment's thread
view the rest of the comments

[–] KingThrillgore@lemmy.ml 11 points 10 months ago* (last edited 10 months ago) (3 children)

As a Fidelity customer who uses their index funds, I would like to know which managers approved this fuckup on their part so I know who to blame when I move to Vanguard over the course of the year. Morningstar needs to take a mallet to their ratings over this.

It's not their play money they fucked with -- ITS MINE.

[–] tryagain@lemmy.ml 5 points 10 months ago

In their defence, it was a relatively small investment of only $19m. I guess the story is that this must be an indication of how other, larger, investors might also be looking at X.

load more comments (2 replies)