Technology

58303 readers

21 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

[email protected]

142

Fidelity cuts Reddit valuation again (techcrunch.com)

submitted 1 year ago by [email protected] to c/[email protected]

39 comments fedilink hide all child comments

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

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 7 points 1 year ago

5.5 billion ... BILLION that's with a B

Moderators are volunteers

Content is subject to right be forgotten

Management is mostly hostile and toxic

Management is driving away the content creators.

If they decapitated the management (not literally...well...no this is not constructive) and made the API cheap as balls, you might retain the existing users and pull half that are leaving back.

There's not 5B in advertising opportunity there. Any company that wanted to get out in front of their customers is already in there talking to them for free.