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 $3.5 billion, adjusted for outstanding shares. The U.S. asset manager valued its holding in Meesho at $27.8 million at December’s end, down from the $41.9 million that it invested in … Read more
Mutual fund company Fidelity has marked down its investment in X holdings — the parent company of X (formerly Twitter) owned by Elon Musk — by 71.2% from the original valuation of shares, according to a new disclosure. Fidelity spent $19.2 million to acquire a stake in X back in October 2022. The fund manager … Read more
Last Tuesday, Fidelity National Financial, or FNF, a real estate services company that bills itself as the “leading provider of title insurance and escrow services, and North America’s largest title insurance company,” announced that it had experienced a cyberattack. Since then, homeowners who have mortgages and prospective buyers who are purchasing properties with FNF or … Read more
Hey, of us, welcome to Week in Evaluate (WiR), TechCrunch’s common publication that recaps the week in tech. Hope the summer time’s treating y’all nicely — it’s a balmy 90 levels right here in NYC! — and that some much-needed R&R is on the agenda. Talking of “agenda,” mark your calendars for Disrupt, TC’s annual … Read more