this post was submitted on 30 Jun 2023
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Fidelity has further slashed the estimated worth of its holdings in Reddit and Discord as well as SaaS startup Gupshup.

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[–] [email protected] 35 points 1 year ago (12 children)

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.

[–] [email protected] 10 points 1 year ago (3 children)

I wish more people weren't waiting until June 30 to tentatively make a decision or leave. I have a feeling many of them aren't leaving if they haven't already.

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

I made my decision to leave as soon as I saw how the app devs were treated. Been back only to edit all my comments to state what I think about spez & co. I’ve simply been waiting to add my little weight to the end of month exodus.

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

IDK but we are close to finding out. In my experience people are generally bad at preparing. And only react when absolutely necessary.

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

I wonder if there are a lot of people, average users, that just aren’t in the know, and will only realize the third party apps are gone when they’re physically gone.

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