L4sBot@lemmy.worldMB to Technology@lemmy.worldEnglish · 1 year agoFidelity cuts Reddit valuation againtechcrunch.comexternal-linkmessage-square40fedilinkarrow-up1139arrow-down12file-textcross-posted to: technology@beehaw.orgreddit@lemmy.mlsnoocalypse@lemmy.mltech@kbin.socialsnoocalypse@lemmy.mlreddit@lemmy.mlreddit@lemmy.worldhackernews@lemmy.smeargle.fansmeta@lemmy.intai.tech
arrow-up1137arrow-down1external-linkFidelity cuts Reddit valuation againtechcrunch.comL4sBot@lemmy.worldMB to Technology@lemmy.worldEnglish · 1 year agomessage-square40fedilinkfile-textcross-posted to: technology@beehaw.orgreddit@lemmy.mlsnoocalypse@lemmy.mltech@kbin.socialsnoocalypse@lemmy.mlreddit@lemmy.mlreddit@lemmy.worldhackernews@lemmy.smeargle.fansmeta@lemmy.intai.tech
Fidelity has further slashed the estimated worth of its holdings in Reddit and Discord as well as SaaS startup Gupshup.
minus-squarebreadsmasher@lemmy.worldlinkfedilinkEnglisharrow-up8·1 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