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.

  • qprimedEnglish
    12•1 year ago

    and once again, not a single word about the rise of alternatives that will likely hurt reddit much more deeply longer term than the initial, but vitally important, protest.

    at this point, not including analysis of the alternatives in any reddit reporting is journalistic malfeasance (or intentional, malicious debate scoping). smh.

    • deejay4amEnglish
      2•1 year ago

      I mean it’s an article about their valuation. What the fuck does anyone reading reports on valuations care? It’s not an outlook, and it’s not a general news article explainer.

      Most people who browse upon that article probably don’t keep up with the world through a link aggregator.

    • HelloThereEnglish
      1•1 year ago

      Because that would be speculation, rather than reporting what had already happened.

      Hell, the fidelity valuation drop isn’t even due to the protests - as that is backdated to May 31st - I would suspect only further drops when they include June.