Fidelity Investments last month lowered the value of its stake in Elon Musk’s Twitter by 56% to $23.5 million at the end of November, Axios reported, citing recent public filings. Fidelity was among the private investors who bought equity in Musk’s $44 billion Twitter acquisition at the end of October. Musk, who unsuccessfully tried to get out of the deal after agreeing to it in April, said...
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AI Startups Are Trying to Make Usage-Based Pricing Happen
Tech waves have often brought along with them corresponding changes in business and pricing models. For instance, when companies moved from using servers in their own data centers to ones hosted by public cloud providers, they also switched from buying packaged software a la carte to subscribing to cloud-based software, leading to the much-loved SaaS model we see today.Now, VCs are telling me...
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