L4sBotMB to Technology@lemmy.worldEnglish • 1 year agoFidelity cuts Reddit valuation againtechcrunch.comexternal-linkmessage-square45fedilinkarrow-up1141file-textcross-posted to: technology@beehaw.orgreddit@lemmy.mlsnoocalypse@lemmy.mltech@kbin.socialsnoocalypse@lemmy.mlreddit@lemmy.mlreddit@lemmy.worldRedditMigration@kbin.socialnews@beehaw.org
arrow-up1141external-linkFidelity cuts Reddit valuation againtechcrunch.comL4sBotMB to Technology@lemmy.worldEnglish • 1 year agomessage-square45fedilinkfile-textcross-posted to: technology@beehaw.orgreddit@lemmy.mlsnoocalypse@lemmy.mltech@kbin.socialsnoocalypse@lemmy.mlreddit@lemmy.mlreddit@lemmy.worldRedditMigration@kbin.socialnews@beehaw.org
Fidelity has further slashed the estimated worth of its holdings in Reddit and Discord as well as SaaS startup Gupshup.
minus-square@breadsmasher@lemmy.worldlinkfedilinkEnglish9•1 year agospez the business genius That’s down 7.36% from the $16.6 million mark at April’s closure and altogether a slide of 45.4% since its investment in August 2021. The updated share value suggests a $5.5 billion valuation for Reddit.
spez the business genius