L4sBotB to TechnologyEnglish • 2 years 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.comL4sBotB to TechnologyEnglish • 2 years 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-squareUntitled9999linkfedilink4•2 years agoI would have thought that most people who didn’t want to use Reddit anymore have probably already stopped using it. But yes I hope to see more bad news for Reddit such as this diminished valuation.
minus-squareblivetlinkfedilink3•2 years agoI’m not expecting people to leave in droves, but I imagine that as the quality of content, moderation, and overall tone declines a lot of people will gradually lose interest and stop visiting.
I would have thought that most people who didn’t want to use Reddit anymore have probably already stopped using it.
But yes I hope to see more bad news for Reddit such as this diminished valuation.
I’m not expecting people to leave in droves, but I imagine that as the quality of content, moderation, and overall tone declines a lot of people will gradually lose interest and stop visiting.