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@residentmarchantlinkEnglish3•edit-21 year agoReddit has (very very likely) had a board ever since their first VC investment round in 2005, the board is backing this otherwise Spez would get voted out in a heartbeat
minus-square@TheOneWithTheHairlinkEnglish2•1 year agoIf Reddit has a board, and they let Spez loose to do this crap, then they deserve a $10 BN devaluation. Maybe this will be the wakeup call.
Reddit has (very very likely) had a board ever since their first VC investment round in 2005, the board is backing this otherwise Spez would get voted out in a heartbeat
If Reddit has a board, and they let Spez loose to do this crap, then they deserve a $10 BN devaluation. Maybe this will be the wakeup call.