this post was submitted on 30 Jun 2023
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Reddit's Valuation Has Fallen Even Further, Fidelity Says (gizmodo.com)
submitted 1 year ago by L4s to c/technology
55 comments fedilink hide all child comments
 

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.

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[–] ulu_mulu 65 points 1 year ago* (last edited 1 year ago) (1 children)

TechCrunch notes that the majority of Reddit’s turmoil in holdings occurred last year and this most recent valuation only accounts for the worth of the company’s holdings up to May 31.

That's before the protest was even started, I would like to know how the value is after (that is now).

[–] [email protected] 7 points 1 year ago

Would be interesting to see if the usage has dropped now that all the third party apps are going offline. Apollo and Rif had millions of users didn't it?