Fidelity has again marked down the value of its shares in X Holdings, which the mutual fund giant helped Elon Musk buy for $44 billion when the company was known as Twitter.
By the numbers: Fidelity believes that X is worth 71.5% less than at the time of purchase, according to a new disclosure that runs through the end of November 2023 (Fidelity revalues private shares on a one-month lag).
It’s still known as twitter
Fun fact: 𝕏 is actually a Unicode symbol, so musk can’t trademark it
That’s not true, it absolutely can be a trademark. You might be thinking of copyright - he can’t copyright the current 𝕏 logo.
The rights you’d get from each protection are different and a sensible business probably would want both. Trademark protection would prevent another tech company trading as 𝕏; copyright protection for the logo would let you set terms on how it is used.
So in this case, I cannot open a company called 𝕏 that uses social media to share elons flights, but I could open a company called Elon Tracker and use the logo 𝕏?
Yes, but if Elon opened a fledgling company to track himself with 𝕏 money, he’d have a great arguement to take the name from you and do nothing with it.
Yea I probably am
“Microsoft” is just a bunch of unicode symbols so it can’t be trademarked!
🙄
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