Fidelity cuts Reddit valuation again
Fidelity cuts Reddit valuation again
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.
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They devalued discord similarly as well, though..
And considering how many subreddits announced they were moving to discord, that doesn't entirely fit.
In a lot of ways this probably means nothing. The Fidelity valuation was at best an informed guess and it's now an informed guess. Though it matters a lot if you are considering taking Reddit public, since many other players will look at what they did and try to do something similar because they don't want to look like they aren't paying attention.