Fidelity Investments cut the value of its stake in Hootsuite Media Inc.,
one of Canada’s most highly valued technology startups, in a sign that
lowered U.S. investor expectations are making their way north of the
border. The Boston asset manager wrote down its investment in Hootsuite,
maker of social media marketing software, by 18 percent.
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Hootsuite said in October that more than 10 million people use its
social media platform to help organize advertising campaigns, interact
with customers or streamline their social media presence.
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