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Technology@lemmy.worldEnglish · 1 year ago

Fidelity cuts Reddit valuation again

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Fidelity cuts Reddit valuation again

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Technology@lemmy.worldEnglish · 1 year 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.

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

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1 year ago
spez the business genius

That’s down 7.36% from the $16.6 million mark at April’s closure and altogether a slide of 45.4% since its investment in August 2021. The updated share value suggests a $5.5 billion valuation for Reddit.

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