Home Business Fidelity Takes Another Ax to X Valuation: Plummeting Confidence Reflects Platform’s Struggles

Fidelity Takes Another Ax to X Valuation: Plummeting Confidence Reflects Platform’s Struggles

by Sonia Park
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Fidelity Takes Another Ax to X Valuation: Plummeting Confidence Reflects Platform's Struggles

Fidelity Investments, one of X's (formerly Twitter) early backers, just delivered another blow to the embattled social media platform's value. A new filing reveals a staggering 70%+ markdown in Fidelity. . .

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