Fidelity cuts Reddit valuation again

https://lemmy.world/post/858992

Fidelity cuts Reddit valuation again - Lemmy.world

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

I read before all this started reddit was valued around $10 billion.

Now it's already down to $5.5 billion.

These are estimates, since reddit hasn't gone public yet, there is no official market value.

Still I'm guessing that next week it will be valued even lower. Tomorrow is when the real shit hits the fan.

Kylo Ren: MOAR