Do Recent Startup Devaluations Signal Tech Market Trouble?
Intoo USA
NOVEMBER 15, 2015
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.
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