Fidelity has cut Reddit valuation to $5.5B from $10B
Fidelity has cut Reddit valuation to $5.5B from $10B
techcrunch.com Fidelity deepens valuation cut for Reddit and Discord
Fidelity has further slashed the estimated worth of its holdings in Reddit and Discord as well as SaaS startup Gupshup.
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it's almost like not listening to your users doesn't end well
4.5 billion still sounds well to me...
Rumor has it that Reddit wants to IPO at $15 billion. Hard to do that when you were worth $10 last year and are worth $4.5 this year.
wee bit worse than 10b
not if that's the amount you lost
A fifty percent drop isn’t a good sign
This happened before the current kerfluffle.
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