Fidelity deepens valuation cut for Reddit and Discord
techcrunch.com
Fidelity has further slashed the estimated worth of its holdings in Reddit and Discord as well as SaaS startup Gupshup.

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

  • residentmarchant@lemmy.worldEnglish
    2·
    2 years ago

    Reddit has (very very likely) had a board ever since their first VC investment round in 2005, the board is backing this otherwise Spez would get voted out in a heartbeat

    • TheOneWithTheHair@lemmy.worldEnglish
      1·
      2 years ago

      If Reddit has a board, and they let Spez loose to do this crap, then they deserve a $10 BN devaluation. Maybe this will be the wakeup call.