Elon Musk’s X is now valued at less than a quarter of its $ 44 billion purchase price, according to a new estimate from investor Fidelity. The asset manager, which helped Musk acquire the social network formerly known as Twitter, has further reduced the value of its holding in X to a total markdown of […]
Learn startup best practices with Fidelity and others at Early Stage 2024
At Early Stage in Boston, Massachusetts, on April 25, 2024, TechCrunch will gather some of the startup world’s leading companies — but our partners provide more than just financial support. Their presence at Early Stage gives new and prospective founders the tools, knowledge and community they need to build a successful startup. At 10:05 a.m., […]
Fidelity cuts Meta-backed Meesho valuation to $3.5 billion
Fidelity has cut the value of its holding in Meesho by 33.6% since the original investment, giving the Indian social commerce startup a valuation of $ 3.5 billion, adjusted for outstanding shares. The U.S. asset manager valued its holding in Meesho at $ 27.8 million at December’s end, down from the $ 41.9 million that […]