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Big Tech's reverse acquihires for AI talent are hollowing out startups and eroding the culture that has made Silicon Valley an unparalleled source of innovation (Asa Fitch/Wall Street Journal)

Asa Fitch / Wall Street Journal : Big Tech's reverse acquihires for AI talent are hollowing out startups and eroding the culture that...

30 May 2024

Fidelity raised the value of its X position by 4.4% to $5.51M in April; since Elon Musk's October 2022 Twitter takeover, the position has been marked down ~72% (Dana Wollman/Bloomberg)

Dana Wollman / Bloomberg:
Fidelity raised the value of its X position by 4.4% to $5.51M in April; since Elon Musk's October 2022 Twitter takeover, the position has been marked down ~72%  —  Fidelity's Blue Chip Growth Fund raised the value of its position in Elon Musk's X by 4.4% in April.

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