L4sBot@lemmy.worldMB to Technology@lemmy.worldEnglish · 1 year agoFidelity cuts Reddit valuation againtechcrunch.comexternal-linkmessage-square38fedilinkarrow-up1121arrow-down11file-textcross-posted to: technology@beehaw.orgredditsnoocalypsesnoocalypseredditreddit@lemmy.worldmeta@lemmy.intai.techRedditMigration@kbin.social
arrow-up1120arrow-down1external-linkFidelity cuts Reddit valuation againtechcrunch.comL4sBot@lemmy.worldMB to Technology@lemmy.worldEnglish · 1 year agomessage-square38fedilinkfile-textcross-posted to: technology@beehaw.orgredditsnoocalypsesnoocalypseredditreddit@lemmy.worldmeta@lemmy.intai.techRedditMigration@kbin.social
Fidelity has further slashed the estimated worth of its holdings in Reddit and Discord as well as SaaS startup Gupshup.
minus-squareresidentmarchant@lemmy.worldlinkfedilinkEnglisharrow-up3·edit-21 year agoReddit has (very very likely) had a board ever since their first VC investment round in 2005, the board is backing this otherwise Spez would get voted out in a heartbeat
minus-squareTheOneWithTheHair@lemmy.worldlinkfedilinkEnglisharrow-up1·1 year agoIf Reddit has a board, and they let Spez loose to do this crap, then they deserve a $10 BN devaluation. Maybe this will be the wakeup call.
Reddit has (very very likely) had a board ever since their first VC investment round in 2005, the board is backing this otherwise Spez would get voted out in a heartbeat
If Reddit has a board, and they let Spez loose to do this crap, then they deserve a $10 BN devaluation. Maybe this will be the wakeup call.