Fidelity

Investment giant had hired aggressively in recent years during the market rally Investment giant had hired aggressively in recent years during the market rally FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to…

I’m a cinephile who enjoys regularly revisiting my favorite films, but director Stephen Frears’ High Fidelity is a movie that exists in a very special category for me in that I’ve probably watched it dozens of times. The characters and performances are wonderful and real (I always appreciate how I vacillate between loving and hating each of the protagonists), and it’s hilariously brutal emotional honesty help make it one of the all-time best romantic comedies.But above all other brilliant qualities, its greatest strength…

In a notable shift within the­ cryptocurrency landscape, Fidelity launche­d a spot Bitcoin (BTC) exchange-traded fund that has since outpaced the Grayscale Bitcoin Trust in daily inflows, se­curing an impressive $208 million. This surge re­presents a meaningful change­ in the competitive crypto market. Me­anwhile, InQubeta (QUBE), an AI altcoin, has sparked enthusiasm on crypto Twitter.  The new DeFi crypto seeks to democratize investment opportunities in AI startups through NFTs and blockchain smart…

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 it invested in the second half of 2022 through a specific mutual fund unit. Fidelity made the disclosure about the markdown in its monthly disclosure on Monday afternoon. Fidelity had…

Funds managed by financial services giant Fidelity have marked down the valuations of ecommerce marketplace Meesho and fintech firm Pine Labs, according to filings made with the US Securities and Exchange Commission.As per the filings, Fidelity's funds have set Meesho’s fair value at around $4.1 billion as on October 31, 2023, down from around $5 billion two months earlier. Meesho was valued at $4.9 billion after it raised $570 million in 2021.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

The Securities and Exchange Commission (SEC) approved nearly a dozen exchange-traded funds (ETFs) holding bitcoin on Wednesday, the first time the agency has permitted the trading of funds directly invested in a cryptocurrency. The SEC approved 11 spot bitcoin ETFs from several major companies, including BlackRock, Fidelity and Grayscale Investments, as it faced down a deadline to rule on at least one of the applications. “I feel the most sustainable path forward is to approve the listing and trading of…

Elon Musk‘s X (formerly Twitter) is entering 2024 in its flop era. A recent analysis from Fidelity, one of the shareholders of Musk’s X Holdings, revealed that the company had lost 71.5 percent of its value since Musk purchased the social media platform. The November 2023 disclosure from the mutual fund — which contributed over $300 million to Musk’s Twitter takeover — marked down the value of its shares in the company, according to Axios. The new number includes a 10.7 percent cut during the month Musk told…

Fidelity has marked down the value of its shares in X Holdings Corp., the parent company of the platform formerly known as Twitter, by 71.5 percent since Elon Musk purchased the company in October 2022. The investment firm cut its valuation of X by about 10.7 percent in November alone, from an estimated $6.3 million at the end of October to just under $5.6 million by the end of the following month, according to a recent filing. The social media company faced several scandals at the end of the year. Musk…

Photo: Antonio Masiello (Getty Images)A mutual fund that helped Elon Musk buy X now says the platform is worth 71.5% less than the $44 billion it was purchased for in 2022, according to Axios Sunday. Fidelity cut the valuation of Musk’s social media platform by more than 10% in November when Elon Musk shared his thoughts on Jews and told advertisers to “go f**k yourselves.”Mr. Tweet Fumbles Super Bowl TweetFidelity gave Elon Musk over $300 million to help finance his takeover of X back in April, but the mutual fund…

Elon Musk’s X is now worth less than a third of the price the billionaire paid for the former Twitter Inc., according to Axios citing disclosures by Fidelity, which helped him complete the $44 billion purchase.Fidelity cut by a further 11% the value of its holding in X as of the end of November, the report said, citing the latest portfolio update for its Blue Chip Growth Fund. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIndian School…