Fidelity estimates Reddit’s holdings are at $15.4 million, which is down over 7% from the fund’s estimates of $16.6 million from this past April.
Fidelity estimates Reddit’s holdings are at $15.4 million, which is down over 7% from the fund’s estimates of $16.6 million from this past April.
deleted by creator
The only people losing money here are corporate private investors. I hope they lose every fucking cent.
deleted by creator
Reddit hasn’t had their IPO yet. The only way that regular people are invested in it are by being invested in equity firms that own part of Reddit today. As best I can tell, the only one such company that (a) is invested in reddit, and (b) is public is Tencent.
So, for now, people are safe. It’s investment managers at private businesses that might get in trouble.
deleted by creator
If one believes a CEO over financial data and technical analysis they are not an investor, they’re a gambler. As such it is appropriate and expected that they lose money over time. Reddit is not profitable and does not have a clear path to profitability. Anyone who would invest in such a company is a fool.
I don’t know, if you believe someone who thinks Elon Musk did a great job with Twitter maybe you deserve to lose money