BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home BUSINESS

Fidelity Boosts Valuation of X Holdings Shares by 11% in December

by Sham
January 29, 2024
in BUSINESS, INVESTING, MEDIA
Reading Time: 3 mins read
A A
1
SHARES
18
VIEWS
Share on XShare in TelegramShare on Reddit
  • Fidelity Investments recently revalued its Twitter shares up over 11% in December 2022, though still at a large discount to the purchase price when helping Elon Musk acquire Twitter.
  • The exact metrics Fidelity uses to value private company shares are unknown, but the increase may reflect Twitter’s publicly traded competitors rising or speculation around equity in Musk’s new AI company.
  • An ex-IRS contractor who leaked tax records of Trump and others was sentenced to 5 years in prison, as business leaders suggest AI advancements could help address global labor shortages despite concerns of displacing workers.

Fidelity Investments recently marked up the value of its shares in Twitter by over 11% in December 2022. This comes after the mutual fund giant helped Elon Musk acquire the social media platform for $44 billion in the fall.

JUST IN: Fidelity increased the valuation of its shares in X by 11% in December

— BlockNews.com (@blocknewsdotcom) January 29, 2024

Fidelity’s Valuation of Twitter

Fidelity still holds Twitter at around a 68% discount to its per-share purchase price last year. The exact metrics used by Fidelity to revalue private company shares are unknown. One possibility is that the increase reflects Twitter’s publicly traded competitors like Snap and Meta, which rose in December. Fidelity may also be accounting for speculation that existing Twitter investors could receive equity in Musk’s new AI company.

Other Key Developments

Progress Reported on Gaza Hostage Negotiations

Qatari Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani said this week that officials from the U.S., Qatar, Egypt and Israel made headway on talks around securing the release of hostages held by Hamas in Gaza. The first phase of a potential deal could include a six-week ceasefire and prisoner exchanges if Hamas agrees to a negotiation framework.

Former IRS Contractor Who Leaked Trump’s Taxes Sentenced

The ex-IRS contractor who leaked the tax records of former President Donald Trump and other wealthy Americans was sentenced to five years in prison on Monday. The leaks offered a rare glimpse into the confidential IRS data of the ultra-wealthy and how little they pay in taxes relative to income.

How AI Could Help Address Global Labor Shortages

Business leaders have suggested AI-driven productivity gains could help limit economic pain from demographic shifts. As computers grow more capable of human jobs, it raises concerns about displacing workers. But AI advancements may also curb labor shortages in aging societies.

Tags: Donald TrumpElon MuskFidelity investmentMetatwitter
TweetShareShare
Previous Post

Bitcoin Bears Prevail: Massive $479 Million Outflow Investment Products

Next Post

Breaking Divide: 18 U.S. Senators Rally Behind Cryptocurrency

DON'T MISS THESE! HOT OFF THE PRESS

Dogecoin vs XRP: One Might Pop, the Other Could Actually Stick
CRYPTO

Dogecoin vs XRP: One Might Pop, the Other Could Actually Stick

July 18, 2025
Circle (CRCL) Rockets As House Pushes Forward on Crypto Legislation
BREAKING NEWS

Circle (CRCL) Rockets As House Pushes Forward on Crypto Legislation

July 16, 2025
Can SUI Really Catch Solana? Maybe Not This Cycle.
CRYPTO

Can SUI Really Catch Solana? Maybe Not This Cycle.

July 9, 2025
SBI Lets You Buy Crypto with Credit Card Points — But There’s a Catch
BITCOIN

SBI Lets You Buy Crypto with Credit Card Points — But There’s a Catch

July 8, 2025
Could 1,000 XRP Make You a Millionaire? One Analyst Thinks So
CRYPTO

Could 1,000 XRP Make You a Millionaire? One Analyst Thinks So

July 6, 2025
$5K Meme Coin Dilemma: BONK or PEPE?
CRYPTO

$5K Meme Coin Dilemma: BONK or PEPE?

July 5, 2025
Load More

Related News

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

July 18, 2025
President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

July 18, 2025
Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

July 18, 2025
Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape

Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape

July 18, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin US Web3 X xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.