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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    fedilink
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    11 year ago

    Remember that there is a general decline in tech stocks at the moment. A few names are being elevated by the AI boom, but for the most part the party has been over for quite a while now. If you keep an eye open, you’ll see stories about a number of different tech stocks declining.

    Every time I see such a story, I tend to reply with “why would Elon Musk do this?” Since people acted like Twitter was a unique case being caused exclusively by his leadership, but we’ve seen massive declines in many companies including Meta and Netflix.