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by alephnerd 660 days ago
Fidelity is one of the largest asset managers in the world ($4.9T in assets).

They have a piece of almost every pie.

1 comments

But the other major asset managers don't have nearly the same exposure. Embarrassing for Fidelity.

https://en.wikipedia.org/wiki/List_of_asset_management_firms

Most of the listed shareholders were shareholders in Twitter well before Musk bought it - in fact, it was during Twitter's IPO roadshow.

For example - DFJ (2010), the Al Saud family (2011), and Fidelity (2011).

In this case, these are minority investors restoring their ownership stake.

IMO it was a pretty good gamble. Even if his mental decline seemed obvious, it wasn't obvious they would be prying X from his cold dead hands at all or nearly this late.