khoplex@lemmy.one to

World News@beehaw.orgEnglish · 1 year ago

Fidelity deepens valuation cut for Reddit and Discord

5

20

Fidelity deepens valuation cut for Reddit and Discord

khoplex@lemmy.one to

World News@beehaw.orgEnglish · 1 year ago

5

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

Chat

EvilColeslaw@beehaw.org
link
fedilink
English
arrow-up
4·
1 year ago
Oof, and that’s their valuation as of May 31. So that includes nothing that’s happened since showing even more what a clusterfuck of an investment Reddit is.

World News@beehaw.org

news@beehaw.org

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]

Breaking news from around the world.

News that is American but has an international facet may also be posted here.

Guidelines for submissions:

Where possible, post the original source of information.
- If there is a paywall, you can use alternative sources or provide an archive.today, 12ft.io, etc. link in the body.
Do not editorialize titles. Preserve the original title when possible; edits for clarity are fine.
Do not post ragebait or shock stories. These will be removed.
Do not post tabloid or blogspam stories. These will be removed.
Social media should be a source of last resort.

These guidelines will be enforced on a know-it-when-I-see-it basis.

For US News, see the US News community.

This community’s icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

Visibility: Public

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

212 users / day
518 users / week
1.04K users / month
3.08K users / 6 months
13 local subscribers
22.1K subscribers
2.74K Posts
17.2K Comments
Modlog