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Meanwhile, their valuation has gotten worse. In 2021 Fidelity invested $28.2M in Reddit and now values that investment at $16.6M - a 41% drop [1]. [1] https://
by Anon4Now 3y ago
Meanwhile, their valuation has gotten worse. In 2021 Fidelity invested $28.2M in Reddit and now values that investment at $16.6M - a 41% drop [1].
[1] https://techcrunch.com/2023/06/01/fidelity-reddit-valuation/ https://techcrunch.com/2023/06/01/fidelity-reddit-valuation/
- nemo44x 3y agoTo be fair most every growth tech company took a pretty big haircut. Some value has returned to the stronger players recently. However, weaker ones are still well off ATHs. Will be interesting to see how Reddit looks.
- throwaway1777 3y agoMost tech companies are down 40% from their peak still unless they are part of this ai hype train.
- the_doctah 3y agoBig difference between tech giants making software used by businesses and a glorified message board
- afavour 3y agoNot really, all comes down to "are they making money?"
- paulddraper 3y agoThat's not far off tech in general though