- cross-posted to:
- technology@lemmy.world
- cross-posted to:
- technology@lemmy.world
Fidelity has again marked down the value of its shares in X Holdings, which the mutual fund giant helped Elon Musk buy for $44 billion when the company was known as Twitter.
By the numbers: Fidelity believes that X is worth 71.5% less than at the time of purchase, according to a new disclosure that runs through the end of November 2023 (Fidelity revalues private shares on a one-month lag).
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when the company was known as Twitter
It’s still known as twitter
Fun fact: 𝕏 is actually a Unicode symbol, so musk can’t trademark it
𝕏 is actually a Unicode symbol, so musk can’t trademark it
That’s not true, it absolutely can be a trademark. You might be thinking of copyright - he can’t copyright the current 𝕏 logo.
The rights you’d get from each protection are different and a sensible business probably would want both. Trademark protection would prevent another tech company trading as 𝕏; copyright protection for the logo would let you set terms on how it is used.
Elon Musk is going to crash the entire economy by himself and it’s going to be hilarious.
