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Girlparts@kbin.social to Reddit Migration@kbin.social ·
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2 年前

Fidelity has cut Reddit valuation to $5.5B from $10B

techcrunch.com

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  • cross-posted to:
  • technology@beehaw.org
  • reddit@lemmy.ml
  • snoocalypse@lemmy.ml
  • technology@lemmy.world
  • tech@kbin.social
  • snoocalypse@lemmy.ml
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  • news@beehaw.org
333
external-link

Fidelity has cut Reddit valuation to $5.5B from $10B

techcrunch.com

Girlparts@kbin.social to Reddit Migration@kbin.social ·
edit-2
2 年前
message-square
89
fedilink
  • cross-posted to:
  • technology@beehaw.org
  • reddit@lemmy.ml
  • snoocalypse@lemmy.ml
  • technology@lemmy.world
  • tech@kbin.social
  • snoocalypse@lemmy.ml
  • reddit@lemmy.ml
  • reddit@lemmy.world
  • news@beehaw.org
Fidelity deepens valuation cut for Reddit and Discord
techcrunch.com
external-link
Fidelity has further slashed the estimated worth of its holdings in Reddit and Discord as well as SaaS startup Gupshup.
  • milkytoast@kbin.social
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    12
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    2 年前

    it’s almost like not listening to your users doesn’t end well

    • ANuStart@kbin.social
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      2 年前

      4.5 billion still sounds well to me…

      • Billiam@lemmy.world
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        2 年前

        Rumor has it that Reddit wants to IPO at $15 billion. Hard to do that when you were worth $10 last year and are worth $4.5 this year.

      • milkytoast@kbin.social
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        2 年前

        wee bit worse than 10b

        • Poppamunz@kbin.social
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          2 年前

          not if that’s the amount you lost

      • LynnTheChaoticWitch@feddit.nl
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        2 年前

        A fifty percent drop isn’t a good sign

    • Jaysyn@kbin.social
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      2 年前

      This happened before the current kerfluffle.

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