Repository: BlackRock’s latest SEC filing values its Automattic shares at $14.33 per share. They originally invested at $85 a share in 2021. That means their market cap has dropped from $7.5 billion to $1.2 billion. My guess is when that happens the CEO if they want to keep their job, has to rethink the whole enterprise. And that usually doesn’t happen until they get a new CEO. My guess is that’s what we saw play out yesterday. #