L4sBot@lemmy.worldMB to

Technology@lemmy.worldEnglish · 1 year ago

Fidelity cuts Reddit valuation again

142

Fidelity cuts Reddit valuation again

L4sBot@lemmy.worldMB to

Technology@lemmy.worldEnglish · 1 year ago

Fidelity deepens valuation cut for Reddit and Discord

Fidelity has further slashed the estimated worth of its holdings in Reddit and Discord as well as SaaS startup Gupshup.

Fidelity has further slashed the estimated worth of its holdings in Reddit and Discord as well as SaaS startup Gupshup.

Chat

breadsmasher@lemmy.world
link
fedilink
English
arrow-up
7·
1 year ago
spez the business genius

That’s down 7.36% from the $16.6 million mark at April’s closure and altogether a slide of 45.4% since its investment in August 2021. The updated share value suggests a $5.5 billion valuation for Reddit.

Technology@lemmy.world

technology@lemmy.world

You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: [email protected]

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

Visibility: Public

This community can be federated to other instances and be posted/commented in by their users.

8 users / day
239 users / week
2.06K users / month
32.9K users / 6 months
864 local subscribers
58.3K subscribers
11.4K Posts
513K Comments
Modlog