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Reddit's Valuation Has Fallen Even Further, Fidelity Says (gizmodo.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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Fidelity estimates Reddit's holdings are at $15.4 million, which is down over 7% from the fund’s estimates of $16.6 million from this past April.

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[-] ulu_mulu@lemmy.world 5 points 1 year ago

TechCrunch notes that the majority of Reddit’s turmoil in holdings occurred last year and this most recent valuation only accounts for the worth of the company’s holdings up to May 31.

That's before the protest was even announced, I would like to know how the value is after (that is now).

[-] There_it_is@kbin.social 1 points 1 year ago

Would be interesting to see if the usage has dropped now that all the third party apps are going offline. Apollo and Rif had millions of users didn't it?

this post was submitted on 30 Jun 2023

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