Fidelity deepens valuation cut for Reddit and Discord
techcrunch.com
Fidelity has further slashed the estimated worth of its holdings in Reddit and Discord as well as SaaS startup Gupshup.
  • Nugget_in_biscuit@lemmy.worldEnglish
    1·
    1 year ago

    Let’s be real, Fidelity isn’t devaluing Reddit because of what’s happening right now. They’re devaluating them because all social media is in a valuation tail spin right now. But Reddit didn’t seem to get that memo, and is now desperate to do anything they possibly can do to boost value before spez passes the bag to another sucker