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.

[–] sethal 4 points 1 year ago (1 children)

I was one of those people; the man reason being the lack of the less popular subreddits (magazines/communities?) on here. Some of my most visited spots on Reddit just don’t exist here. If I’m being honest, I don’t wanna make and mod them either. I’d partake in them, but running one isn’t in the cards. I just don’t have the time. I think those less popular subreddits are the ones that will hurt the most leaving behind.

[–] tobor 5 points 1 year ago

we'll get there, it'll take time, but even in the 2 weeks that I've been bouncing around the fediverse, it's already gotten more interesting.

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