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Who are TwitterX's investors? Court ordered the company to disclose them
Well, some private-equity works out, but some doesn't. X/Twitter was a miss for Fido. But it has been in the news that Fido has been marking down its X/Twitter positions aggressively - without much reported trading on X/Twitter, those Fido valuation calls make the news. So, those Fido funds won't see any sudden hits - it's already in the NAVs.
Maybe I shouldn't be, but I'm just surprised that 'sophisticated' folks like Fido would go into this investment given the mercurial and moronic impulses of its cosplaying CEO business jenius with MY money, let alone anyone else's.
Ye reap what ye sow --- just glad those markdowns aren't my problem!
Maybe I shouldn't be, but I'm just surprised that 'sophisticated' folks like Fido would go into this investment given the mercurial and moronic impulses of its cosplaying CEO business jenius with MY money, let alone anyone else's.
Ye reap what ye sow --- just glad those markdowns aren't my problem!
The only problem is that other sites have played politics very deliberately for years.
Using Fido’s mark down price or other latest equity info, I would be interested to know the current D/E of X or its holding company. D being the money various banks lent to acquire twitter.
So how's the super business jenius & cosplaying engineering CEO doing?
WaPo today: "Since late last year, Fidelity has consistently valued the X stake in one of its funds 70 percent below the purchase price, a drop in valuation first reported by Axios. Figures released Friday show that Fidelity now values that stake about 72 percent lower than when Musk took over X, taking its overall portion of the company from a valuation of around $316 million to $88 million."
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"[Musk] and his partners’ overall stake has shed $24 billion in value — a vaporization of wealth that has little parallel outside the realm of economic or industry-specific crashes, or devastating corporate scandals."
Comments
Ye reap what ye sow --- just glad those markdowns aren't my problem!
WaPo today: "Since late last year, Fidelity has consistently valued the X stake in one of its funds 70 percent below the purchase price, a drop in valuation first reported by Axios. Figures released Friday show that Fidelity now values that stake about 72 percent lower than when Musk took over X, taking its overall portion of the company from a valuation of around $316 million to $88 million."
< - >
"[Musk] and his partners’ overall stake has shed $24 billion in value — a vaporization of wealth that has little parallel outside the realm of economic or industry-specific crashes, or devastating corporate scandals."
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https://www.washingtonpost.com/technology/2024/09/01/musk-twitter-investors-underwater/
(Article lists the major investors and how much they've lost, which I find hilarious.)