L4sBot@lemmy.worldMB to Technology@lemmy.worldEnglish · 1 year agoFidelity cuts Reddit valuation againtechcrunch.comexternal-linkmessage-square40fedilinkarrow-up1136arrow-down11file-textcross-posted to: technology@beehaw.orgreddit@lemmy.mlsnoocalypse@lemmy.mlsnoocalypse@lemmy.mlreddit@lemmy.mlreddit@lemmy.worldRedditMigration@kbin.socialnews@beehaw.org
arrow-up1135arrow-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.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-squarebreadsmasher@lemmy.worldlinkfedilinkEnglisharrow-up7·1 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