Fidelity Investments

6 Stories

Report: Twitter Now Worth a Third of $44B Purchase Price

Fidelity's latest valuation may put investors on edge

(Newser) - Elon Musk famously forked over $44 billion to become the owner of Twitter last year, but a new valuation from one of its outside investors may set all of the other investors squirming. Forbes reports that Fidelity has valued the social media platform at only about $15 billion, or about...

Here Are the 10 Most Powerful Women in Business

Accenture CEO Julie Sweet tops 'Fortune' list

(Newser) - For nearly a quarter of a century, Fortune has published a list of the most powerful women in the business world, but this year the magazine notes it hasn't been "business as usual." Obviously, that's because of the pandemic and the effects it's had upon...

Number of 401(k) Millionaires Surges
Number of 401(k)
Millionaires Surges
Aug 16, 2018 12:02 PM CDT

Number of 401(k) Millionaires Surges

Fidelity announces 168K of its clients have at least $1 million in their 401(k) accounts

(Newser) - Good news for many who are saving for retirement: During the second quarter, 168,000 people with 401(k)s managed by Fidelity Investments were millionaires, having at least $1 million in their accounts, per a press release . That's a record high, USA Today reports. It's also up 41% from...

Key Groupon Investors Ditch the Troubled Stock

Critics say big pre-IPO investments overvalued the company

(Newser) - With Groupon having lost three-quarters of its IPO value, several of its key early investors, including web icon Marc Andreessen, have left the building, reports the Wall Street Journal . Andreessen's firm, Andreessen Horowitz, invested $40 million of the $950 million pumped into Groupon in the months before it went...

Mutual Funds Bail on Facebook
 Mutual Funds Bail on Facebook 
Aug 2, 2012 6:41 AM CDT

Mutual Funds Bail on Facebook

Fidelity sells off huge chunk of stock at record speed

(Newser) - Usually, when big mutual funds invest in IPOs, they're in for the long haul. But that might not be the case with Facebook. Twenty-one mutual funds from Fidelity Investments, one of Facebook's earliest buyers, unceremoniously dumped more than 1.9 million public shares combined last month, with 16...

Underwriters Score $100M in Messy Facebook IPO

Fidelity Investments, Capital Research among those warned ahead of time

(Newser) - New investors in Facebook may be steamed (and suing ) that their hot property has lost 16% of its value since the IPO Friday, but Facebook's underwriters are sitting pretty. Morgan Stanley and the other underwriters have made an estimated $100 million from stabilizing the buffeted stock, in addition...

6 Stories