Reddit Migration

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Fidelity has cut Reddit valuation to $5.5B from $10B (techcrunch.com)

submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

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[–] [email protected] 12 points 1 year ago (2 children)

it's almost like not listening to your users doesn't end well

[–] [email protected] 4 points 1 year ago

This happened before the current kerfluffle.

[–] [email protected] 4 points 1 year ago (3 children)

4.5 billion still sounds well to me...

[–] [email protected] 5 points 1 year ago

Rumor has it that Reddit wants to IPO at $15 billion. Hard to do that when you were worth $10 last year and are worth $4.5 this year.

[–] [email protected] 4 points 1 year ago

A fifty percent drop isn’t a good sign

[–] [email protected] 4 points 1 year ago (1 children)

wee bit worse than 10b

[–] [email protected] 2 points 1 year ago

not if that's the amount you lost