article thumbnail

Do Recent Startup Devaluations Signal Tech Market Trouble?

Intoo USA

But in the past few weeks that fantasy hit a few snags with news of devaluations of prominent tech unicorns, including social messaging app, Snapchat , and HR benefits startup, Zenefits. . As Fortune and the WSJ report, Fidelity has marked down the value of its investments in Snapchat by about 25 percent, and of Zenefits by about 48 percent.

Zenefits 130
article thumbnail

Do Recent Startup Devaluations Signal Tech Market Trouble?

Intoo USA

But in the past few weeks that fantasy hit a few snags with news of devaluations of prominent tech unicorns, including social messaging app, Snapchat , and HR benefits startup, Zenefits. . As Fortune and the WSJ report, Fidelity has marked down the value of its investments in Snapchat by about 25 percent, and of Zenefits by about 48 percent.

Zenefits 100