Fidelity estimates Reddit’s holdings are at $15.4 million, which is down over 7% from the fund’s estimates of $16.6 million from this past April.
Fidelity estimates Reddit’s holdings are at $15.4 million, which is down over 7% from the fund’s estimates of $16.6 million from this past April.
and once again, not a single word about the rise of alternatives that will likely hurt reddit much more deeply longer term than the initial, but vitally important, protest.
at this point, not including analysis of the alternatives in any reddit reporting is journalistic malfeasance (or intentional, malicious debate scoping). smh.
Because that would be speculation, rather than reporting what had already happened.
Hell, the fidelity valuation drop isn’t even due to the protests - as that is backdated to May 31st - I would suspect only further drops when they include June.
well, thats just not a satisfying answer, now is it?!
but seriously, isnt the existence of a viable alternative, in which a non-trivial number of users have expressed serious interest, a news worthy statement of fact? no forward looking statements required.
agreed that the June inclusive update will be really interesting.