• BritishDuffer@lemmy.world
    link
    fedilink
    English
    arrow-up
    16
    ·
    1 year ago

    Fidelity does this because they invested in Twitter alongside Musk, and as a bank they are required by law to disclose the current value of their assets. They come up with a value of their stake, then the rest of us divide that by the percentage Fidelity owns to get the value of the company.