L4sBotMB to TechnologyEnglish • 1 year agoFidelity cuts Reddit valuation againtechcrunch.commessage-square61arrow-up1644arrow-down17file-textcross-posted to: [email protected][email protected][email protected][email protected]reddit[email protected][email protected][email protected]
arrow-up1637arrow-down1external-linkFidelity cuts Reddit valuation againtechcrunch.comL4sBotMB to TechnologyEnglish • 1 year agomessage-square61file-textcross-posted to: [email protected][email protected][email protected][email protected]reddit[email protected][email protected][email protected]
Fidelity has further slashed the estimated worth of its holdings in Reddit and Discord as well as SaaS startup Gupshup.
minus-square@breadsmasherlinkEnglish50•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