Business / Technology / Economy

Add as a preferred source on Google

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, days after Musk’s acquisition.

Updated 1 min read
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

Read the original article

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.

Related articles

View all