this post was submitted on 30 Jun 2023
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Fidelity has further slashed the estimated worth of its holdings in Reddit and Discord as well as SaaS startup Gupshup.

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[–] Buffalox 125 points 1 year ago (24 children)

I read before all this started reddit was valued around $10 billion.

Now it's already down to $5.5 billion.

These are estimates, since reddit hasn't gone public yet, there is no official market value.

Still I'm guessing that next week it will be valued even lower. Tomorrow is when the real shit hits the fan.

[–] CavalierAlbatross 55 points 1 year ago (11 children)

I wish more people weren't waiting until June 30 to tentatively make a decision or leave. I have a feeling many of them aren't leaving if they haven't already.

[–] [email protected] 2 points 1 year ago

I deleted my reddit account after about ten years due to the recent scandals. I think many others did so, too. Reddit is worthless already.

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