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How much value X investors have lost lost: Prince Alwaleed bin Talal al Saud −1.4B Jack Dorsey −720M Larry Ellison −720M Sequoia Capital −576M Vy Capital −504M Binance −360M Andreessen Horowitz −288M Qatar Investment Authority −270M Source: Analysis using Fidelity Investments data. Fidelity recently valued what was initially a $19.66 million Twitter stake in its Blue Chip Growth Fund at about 72 percent less than when Musk purchased Twitter, a valuation that has remained relatively steady. The Post applied the 72 percent drop to the initial investor stakes reported in filings to the SEC as well as public comments and individual confirmations of entities’ involvement. From the Washington Post, archived here: https://archive.is/ZAFij#selection-889.0-970.0

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How much value X investors have lost lost: Prince Alwaleed bin Talal al Saud −1.4B Jack Dorsey −720M Larry Ellison −720M Sequoia Capital −576M Vy Capital −504M Binance −360M Andreessen Horowitz −288M Qatar Investment Authority −270M Source: Analysis using Fidelity Investments data. Fidelity recently valued what was initially a $19.66 million Twitter stake in its Blue Chip Growth Fund at about 72 percent less than when Musk purchased Twitter, a valuation that has remained relatively steady. The Post applied the 72 percent drop to the initial investor stakes reported in filings to the SEC as well as public comments and individual confirmations of entities’ involvement. From the Washington Post, archived here: https://archive.is/ZAFij#selection-889.0-970.0
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John Carlos Baez (johncarlosbaez@mathstodon.xyz)'s status on Monday, 02-Sep-2024 10:59:37 JST John Carlos Baez

It couldn't have happened to a nicer bunch of guys.
This is from a Washington Post article - you can read it for free here:
https://archive.is/ZAFij

In conversation about 3 months ago from mathstodon.xyz permalink