Fidelity

Gupshup investor cuts value of its stake again, implying new valuation of $486M

Asset management firm Fidelity slashed the estimated worth of its stake in business messaging platform Gupshup by another 7.7% last month, lowering the value of its holding in the SaaS startup by a total of more than 65% since its investment in mid-2021. One of the funds operated by the U.S. asset manager valued its […]

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Fidelity says data breach exposed personal data of 77,000 customers

Fidelity Investments, one of the world’s largest asset managers, has confirmed that 77,000 customers had personal information compromised during an August data breach. The Boston, Mass.-based investment firm said in a filing with Maine’s attorney general on Wednesday that an unnamed third party accessed information from its systems between August 17 and August 19 “using

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