this post was submitted on 30 Jun 2023
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637
Fidelity cuts Reddit valuation again (techcrunch.com)
submitted 1 year ago by L4s to c/technology
61 comments fedilink hide all child comments
 

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

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[–] breadsmasher 50 points 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.