Girlparts@kbin.social to

Reddit Migration@kbin.social · 2 years ago

Fidelity has cut Reddit valuation to $5.5B from $10B

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Fidelity has cut Reddit valuation to $5.5B from $10B

Girlparts@kbin.social to

Reddit Migration@kbin.social · 2 years ago

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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Holos620@kbin.social
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2 years ago
Reddit has very little intrinsic value. Its value comes from its userbase and isn’t Reddit’s to own.

Reddit Migration@kbin.social

RedditMigration@kbin.social

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