Fidelity has further slashed the estimated worth of its holdings in Reddit and Discord as well as SaaS startup Gupshup.
  • CmdrMotoEnglish
    8•1 year ago

    FTA:

    The updated share value suggests a $5.5 billion valuation for Reddit. […]

    […] currently grappling a revolt from moderators of some popular subreddits over API cost changes, was valued at $10 billion when the social media giant attracted funds in August 2021.