Fidelity has become one of the most active investors in privately-held startups, but it looks like the investment giant is beginning to reconsider the prices it paid just earlier this year. Fortune has obtained a list of the mark downs for the private holdings in Fidelity Blue Chip Growth Fund, including Snapchat's 25% third quarter loss.
Fidelity has taken the red pen out for companies like Blue Bottle Coffee, Dataminr and Zenefits. Fidelity Investments has become one of the most active investors in privately-held startups, buying into popular companies and then divvying up the shares among its various mutual funds. Now, however, it looks like the investment giant is beginning to reconsider the prices it paid just earlier this year.
http://fortune.com/2015/11/11/snapchat-isnt-the-only-startup-in-fidelitys-crosshairs/
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