Another Day, Another Unicorn Dies A Little: "Snapchat stake marked down by investor Fidelity"

There is absolutely no bubble in technology

-Peter Thiel

October 31, 2007
From the Financial Times Nov. 10:

Snapchat has been marked down by one of its most high-profile investors, raising further questions about the soaring valuations of private technology companies.

Fidelity, the only fund manager to have invested in the four-year-old company best known for disappearing photos, wrote down