this post was submitted on 30 Jun 2023
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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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[–] [email protected] 1 points 1 year ago

Why would we expect people to leave? Look at how many people stayed on Twitter and are still there. People can get used to a lot of bad stuff in exchange for doom-scrolling dopamine.