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

If one believes a CEO over financial data and technical analysis they are not an investor, they're a gambler. As such it is appropriate and expected that they lose money over time. Reddit is not profitable and does not have a clear path to profitability. Anyone who would invest in such a company is a fool.