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

submitted 8 months ago by L4s@lemmy.world to c/technology@lemmy.world

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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.

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[–] KingThrillgore@lemmy.ml 12 points 8 months ago* (last edited 8 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.

[–] ramblinguy@sh.itjust.works 6 points 8 months ago

Why would this even impact you if you're using their index funds? Twitter isn't even public so it can't be in any index

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