Two Fidelity funds cut value of stake in tech company Snapchat by 25%

Two Fidelity funds cut value of stake in tech company Snapchat by 25%

Two high-profile funds at Fidelity Investments have cut the value of their stake in Snapchat by 25 per cent, just months after initial investments in the high-flying tech company, according to recent disclosures by the Boston-based company.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter