Nov 10

Unicorns Dropping Like Flies: First Dropbox; Then Square; Now Fidelity Cuts Snapchat Valuation By 25%:

First it was Dropbox. Than it was Jack Dorsey’s “other” company, Square. Today, it’s the turn of Snapchat, the fourth most highly valued private tech start up: “Fidelity, the only fund manager to have invested in the four-year-old company best known for disappearing photos, wrote down the value of its stake by 25 per cent in the third quarter.”

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