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.

  • kultsinuppeli@lemmy.worldEnglish
    0·
    1 year ago

    Well, that’s a bit misleading. It was $10 billion in August 21. But all of the startup type tech companies have taken huge dives after that.

    So the actual impact of the protests are yet to be seen. E.g. the value of Discord shrank even more than reddit.