# Professor Aswath Damodaran discusses Silicon Valley valuations and Fidelity's investment in Snapchat

1 Faculty News November 11, 2015 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/videos/2015-11-11/should-companies-like-fidelity-be-in-snapchat-) -- "I don't think an outfit like Fidelity has any business being in this space, to be quite honest. I don't think they know how to play the pricing game and I think when you get these public company investors in private spaces, you're really asking for trouble."

[Watch the video](http://www.bloomberg.com/news/videos/2015-11-11/should-companies-like-fidelity-be-in-snapchat-)

Additional coverage appeared on [Business Insider](http://www.businessinsider.com/aswatch-damodaran-on-fidelity-snapchat-writedown-2015-11).