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Fidelity has cut Reddit valuation to $5.5B from $10B (techcrunch.com)
submitted 1 year ago* (last edited 1 year ago) by Girlparts@kbin.social to c/RedditMigration@kbin.social
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[-] Pandantic@kbin.social 132 points 1 year ago

(Worth noting that the vast majority of markdown in the value of Reddit and Discord holdings by Fidelity predominantly occurred last year.)

Oh, that means there’s more room to move down.

this post was submitted on 30 Jun 2023
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