irradiated ( irradiated@radiation.party ) MB to TechNews@radiation.party · 3 years ago

[HN] Fidelity has cut Reddit valuation to $4.5B from $10B

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[HN] Fidelity has cut Reddit valuation to $4.5B from $10B

irradiated ( irradiated@radiation.party ) MB to TechNews@radiation.party · 3 years ago

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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.

[ comments | sourced from HackerNews ]

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ironsoap ( ironsoap@lemmy.one )
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3 years ago
Now that’s a result the Reddit board can act on, although it’s likely to late even if they did.

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