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

posted 1 year ago

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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4 points

1 year ago

Nah. Doesn’t even account for the protest.

FTA:

this most recent valuation only accounts for the worth of the company’s holdings up to May 31.

They are PROPER fucked for Q3.

report

[ - ]

2 points

1 year ago

I think they are going to run out of funding by the end of the year (or sooner) with mass layoffs of their currently overinflated staff.

report

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