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 Girlparts@kbin.social to c/RedditMigration@kbin.social

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[–] milkytoast@kbin.social 11 points 1 year ago (2 children)

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

[–] Jaysyn@kbin.social 3 points 1 year ago

This happened before the current kerfluffle.

[–] ANuStart@kbin.social 3 points 1 year ago (3 children)

4.5 billion still sounds well to me...

[–] milkytoast@kbin.social 4 points 1 year ago (1 children)

wee bit worse than 10b

[–] Poppamunz@kbin.social 2 points 1 year ago

not if that's the amount you lost

[–] billiam0202@lemmy.world 4 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.

[–] LynnTheChaoticWitch@feddit.nl 4 points 1 year ago

A fifty percent drop isn’t a good sign