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

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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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SomeOtherUsername@lemmynsfw.com
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That’s… not how valuations work. They’re using the amounts of cash raised, instead of adjusting those by the number of shares sold.

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