Fidelity was not part of the banks that sold their loans. Also it was a partial sale. The banks that sold their loans at just under their original valuation and profited, apparently. Original source reuters: https://www.reuters.com/business/finance/banks-sell-down-55-...
> At 97 cents, it is likely they sold at a profit, he added.
I would guess that the 3 cents loss on the loan value still results in profit due to payments which amounted to more than 3 cents + loan expenses.
I don't agree with parent that xitter is worth what he paid for it, far from it. EBIDTA isn't the whole story. But things do look better than a few months ago. So far I haven't seen a viable contender for a xitter replacement. I can't believe I'm saying this but I'm actually rooting for Threads.
Fidelity was not part of the banks that sold their loans. Also it was a partial sale. The banks that sold their loans at just under their original valuation and profited, apparently. Original source reuters: https://www.reuters.com/business/finance/banks-sell-down-55-...
> At 97 cents, it is likely they sold at a profit, he added.
I would guess that the 3 cents loss on the loan value still results in profit due to payments which amounted to more than 3 cents + loan expenses.
Fidelity did write down their loan tremendously, but in October they increased it a bit. https://finance.yahoo.com/news/fidelity-boosts-valuations-st...
I don't agree with parent that xitter is worth what he paid for it, far from it. EBIDTA isn't the whole story. But things do look better than a few months ago. So far I haven't seen a viable contender for a xitter replacement. I can't believe I'm saying this but I'm actually rooting for Threads.