Girlparts@kbin.social to

Reddit Migration@kbin.social · 3 years ago

Fidelity has cut Reddit valuation to $5.5B from $10B

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Fidelity has cut Reddit valuation to $5.5B from $10B

Girlparts@kbin.social to

Reddit Migration@kbin.social · 3 years ago

3

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.

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Showroom7561@lemmy.ca
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3 years ago
Still overvalued.
- Sordid@kbin.social
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  3 years ago
  Right? How the hell is a company that has never managed to turn a profit worth more than $0?
  - smokinjoe@kbin.social
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    3 years ago
    because none of these numbers are tethered to reality

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