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

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Summary
Nutrition label

80% Informative

Fidelity slashed the estimated worth of its stake in business messaging platform Gupshup by 7.7% last month .

The U.S. asset manager had originally invested $16.2 million from its Blue Chip Growth Fund in the startup in mid-2021 .

Fidelity now values Gupschup at $486 million , down from $6.09 million in October .

VR Score

89

Informative language

92

Neutral language

96

Article tone

formal

Language

English

Language complexity

53

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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no external sources

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