L4sBotMB to Technology@lemmy.worldEnglish • 2 years agoFidelity cuts Reddit valuation againtechcrunch.commessage-square42fedilinkarrow-up1130arrow-down11file-textcross-posted to: technology@beehaw.orgreddit@lemmy.mlsnoocalypse@lemmy.mlsnoocalypse@lemmy.mlreddit@lemmy.mlreddit@lemmy.worldRedditMigration@kbin.socialnews@beehaw.org
arrow-up1129arrow-down1external-linkFidelity cuts Reddit valuation againtechcrunch.comL4sBotMB to Technology@lemmy.worldEnglish • 2 years agomessage-square42fedilinkfile-textcross-posted to: technology@beehaw.orgreddit@lemmy.mlsnoocalypse@lemmy.mlsnoocalypse@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.worldlinkfedilinkEnglish6•2 years 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