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Reddit's Valuation Has Fallen Even Further, Fidelity Says (gizmodo.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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Fidelity estimates Reddit's holdings are at $15.4 million, which is down over 7% from the fund’s estimates of $16.6 million from this past April.

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[-] pensa@kbin.social 1 points 1 year ago

If one believes a CEO over financial data and technical analysis they are not an investor, they're a gambler. As such it is appropriate and expected that they lose money over time. Reddit is not profitable and does not have a clear path to profitability. Anyone who would invest in such a company is a fool.

this post was submitted on 30 Jun 2023

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