Fidelity deepens valuation cut for Reddit, down from $10B in August 2021 to $5.5B in June 2023, nearly half in less than two years : reddit

this post was submitted on 01 Jul 2023

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Fidelity deepens valuation cut for Reddit, down from $10B in August 2021 to $5.5B in June 2023, nearly half in less than two years (techcrunch.com)

submitted 2 years ago by fieldhockey44 to c/[email protected]

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[–] [email protected] 2 points 2 years ago

Let's go for the negatives!

[–] [email protected] 2 points 2 years ago

Sweet sweet Karma.

[–] [email protected] 2 points 2 years ago

lol suck it MBA douchebros

[–] [email protected] 2 points 2 years ago

Fuck Reddit

[–] [email protected] 2 points 2 years ago* (last edited 2 years ago)

Well he thinks Elon is such a good role model. That should come with the loss in value as well. Just like twitter. Well done Spez. You are a successful asshat just like your idol.

[–] [email protected] 1 points 2 years ago* (last edited 2 years ago)

Let’s be real, Fidelity isn’t devaluing Reddit because of what’s happening right now. They’re devaluating them because all social media is in a valuation tail spin right now. But Reddit didn’t seem to get that memo, and is now desperate to do anything they possibly can do to boost value before spez passes the bag to another sucker

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