Sources
First Squawk
Fidelity’s Blue Chip Growth Fund cut the value of its position in X by 5.7% in February, implying a 73% decline in the former Twitter since Elon Musk bought the social-media company
Special Situations 🌐 Research Newsletter (Jay) Fidelity lowers its valuation for X (Twitter) by another 5.7% in February, taking its full write down to 73% from the original $44 billion valuation. This values the company at $11.9bn vs peak $8bn for $DJT. Fidelity owns its stake in the Fidelity Blue Chip Growth Fund...
The Hill The parent company of former President Trump’s Truth Social platform defied expectations in its first week on the stock market. Trump Media & Technology Group stock closed at roughly $62 per share after a whipsaw week of trading. https://t.co/OazUgKSG77
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