A recent report from Fidelity reveals the dramatic decline in the valuation of X, the social media platform formerly known as Twitter, which Elon Musk acquired for $44 billion in October 2022. According to Fidelity’s Blue Chip Growth Fund annual report, X’s value has plummeted to $9.4 billion, marking a staggering decrease of 78.7%.
Valuation Drop
Fidelity’s report indicated that its initial…
Pilgrim, a burgeoning direct-to-consumer (D2C) beauty and personal care brand, has successfully raised approximately $9 million in a Series B extension funding round. The round was led by prominent investors Fireside Ventures and Vertex Ventures, with significant contributions also made by NSFO Ventures, Mirabilis Investment, and NABS Vriddhi.
The latest funding round saw the issuance of 854…
