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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[–] iwidji 5 points 1 year ago (2 children)

I think that’s a fair take that’s likely to happen. It really depends now on what Reddit does to try to normalize things or blow things up more. I think if they try to just rebuild relationships with their new group of users, they may survive.

But they also seem equally as likely to find a new way to screw themselves over…

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

They still haven't replaced >90% of the moderators... it will take months, probably longer to feel the full effects. People will test it, and will get creative. There is a decent chance if they aren't actively working on a sophisticated plan for thay, the website turns into an alt-right cess pool with CP that slips through the cracks.