Wednesday, March 30, 2016

Fidelity cuts valuations of Dropbox and Cloudera

#Fidelity Investments again took a hatchet to the valuations of its private technology shares in February, cutting bellwether software startups like #Dropbox Inc., #Cloudera Inc. and #Zenefits by as much as 38%.

The largest Fidelity markdown was enterprise-software company Cloudera, which Fidelity cut by 38% compared with January to a per-share price that is in line with other mutual fund marks for the company.

http://www.marketwatch.com/story/fidelity-cuts-valuations-of-dropbox-and-cloudera-while-raising-airbnb-2016-03-30

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