khoplex@lemmy.one to

World News@beehaw.orgEnglish · 2 years ago

Fidelity deepens valuation cut for Reddit and Discord

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Fidelity deepens valuation cut for Reddit and Discord

khoplex@lemmy.one to

World News@beehaw.orgEnglish · 2 years ago

4

Fidelity has further slashed the estimated worth of its holdings in Reddit and Discord as well as SaaS startup Gupshup.

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EvilColeslaw@beehaw.org
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2 years ago
Oof, and that’s their valuation as of May 31. So that includes nothing that’s happened since showing even more what a clusterfuck of an investment Reddit is.

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