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Fidelity marks down value of its Twitter stake by 56% to $8.63 million

The value of the fund's Twitter stake was $19.66 million at the end of October

Fidelity Blue Chip Growth Fund slashed the value of their Twitter stake by 56 percent $8.63 million in November 30, following Elon Musk's $44 billion buyout.

The value of the fund's Twitter stake was $19.66 million at the end of October, days after Musk’s acquisition.

Another of the asset manager's funds, Fidelity Contrafund, also reported a similar markdown.

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