L4sBotMB to [email protected]English • 1 year agoFidelity cuts Reddit valuation againtechcrunch.comexternal-linkmessage-square45arrow-up1139arrow-down12file-textcross-posted to: [email protected][email protected][email protected][email protected][email protected][email protected][email protected][email protected]
arrow-up1137arrow-down1external-linkFidelity cuts Reddit valuation againtechcrunch.comL4sBotMB to [email protected]English • 1 year agomessage-square45file-textcross-posted to: [email protected][email protected][email protected][email protected][email protected][email protected][email protected][email protected]
Fidelity has further slashed the estimated worth of its holdings in Reddit and Discord as well as SaaS startup Gupshup.
minus-square@[email protected]linkfedilinkEnglish2•edit-21 year agoReddit 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
minus-square@[email protected]linkfedilinkEnglish1•1 year agoIf 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.
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
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.