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…
Zomato shut a $660 million essential financing round at a post-cash valuation of $3.9 billion, the stage’s fellow benefactor Deepinder Goyal reported on Friday.
“10 new speculators are going along with us in our excursion. This rundown incorporates Tiger Global, Kora, Luxor, Fidelity (FMR), D1 Capital, Baillie Gifford, Mirae, and Steadview,” he said in a progression of tweets.
Zomato is…
