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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[–] [email protected] 4 points 1 year ago (1 children)

I would have thought that most people who didn't want to use Reddit anymore have probably already stopped using it.

But yes I hope to see more bad news for Reddit such as this diminished valuation.

[–] [email protected] 3 points 1 year ago

I’m not expecting people to leave in droves, but I imagine that as the quality of content, moderation, and overall tone declines a lot of people will gradually lose interest and stop visiting.