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 $3.25 billion. Adjusted for outstanding shares, Mee
Mutual fund company Fidelity has marked down its investment in X holdings — the parent company of X (formerly Twitter) owned by Elon Musk — by 71.5% from the original valuation of shares, accordin
Fidelity has slashed the estimated worth of its holding in SaaS startup Gupshup by over 20% in a month and by more than 50% since the original investment in the latest brutal markdown across private m
Fidelity has further slashed the estimated worth of its holding in the social platform Reddit and the chat app Discord as well as SaaS startup Gupshup, giving a preview into how one of the world’
Fidelity, the lead investor in Reddit’s most recent funding round in 2021, has slashed the estimated worth of its equity stake in the popular social media platform by 41% since the investment. F
Meesho cut 15% of its workforce, or 251 roles, on Friday as the Indian social commerce startup pares its expenses to improve its financial health and confront the “economic reality.” This
Investment giant Fidelity announced today that it has acquired Shoobx, a venture-backed fintech startup, for an undisclosed amount. Jason Furtado and Stephan Richter founded Boston-based Shoobx in 201
Fidelity, which was among the group of outside investors that helped Elon Musk finance his $44 billion takeover of Twitter, has slashed the value of its stake in Twitter by 56%. The recalculation come
Fidelity recently cut its valuation for its Discord shares. Is that reduction fair?
Many companies are saying that they don’t take climate change seriously enough to fully understand — and disclose — their own impact on it.
As the demand for AI-powered apps grows, startups developing dedicated chips to accelerate AI workloads on-premises are reaping the benefits. A recent ZDNet piece reaffirms that the AI edge chip marke
A group of nearly two dozen investors, including Sequoia Capital, Andreessen Horowitz, crypto exchange Binance and asset management firm Fidelity, has invested over $7.1 billion to back the Tesla and
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This was a live week! Which meant that Mary Ann Azevedo was on
Let's discuss why Fidelity offering crypto in retirement plans is a huge win for pretty much everyone who isn’t ultra-wealthy.
Fidelity, the largest retirement plan provider in the United States, announced plans to offer bitcoin in 401(k) retirement accounts to its account holders later this year. The company is set to allow
Renowned Silicon Valley operator Adam Nash thinks you want to donate more than you do, and he’s about to make it dead simple for you to give more. Such is the message we received when talking la
Brazilian lender Creditas announced today that it has raised $260 million in a Series F funding that values the company at $4.8 billion. That’s up from the fintech’s $1.75 billion valuation at the
Nuro has raised $600 million in a fundraising round led by new investor Tiger Global Management, capital that the autonomous delivery startup will use to ramp up commercial operations. The funding has
Meesho has more than doubled its valuation in less than six months, to $4.9 billion, as a growing number of high-profile investors back the Indian social commerce startup that is reporting strong grow
Earlier this year, Reddit raised $250 million, bringing the 16-year-old site up to around $800 million in total funding. Today, it announced plans for an even more massive windfall, with a Series F le
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