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Reddit and Discord are private companies, yet because they are held by giant funds which publicize their internal valuations, we get something similar to the va
by dmazin 3y ago
Reddit and Discord are private companies, yet because they are held by giant funds which publicize their internal valuations, we get something similar to the valuation heartbeat of a public company's stock price.
That said, how come I'm only seeing this recently? Did something recently change about how Fidelity or other investors publish their info? Or maybe the only thing that has changed is that a lot of companies are losing value, so we're discussing it more.
- beebmam 3y agoPrivate valuation is a scam. Public valuation should be observed with skepticism.
- werrett 3y agoIt’s the latter. Lot’s of companies loosing their zero-interest rate valuation but funds have always needed to mark down swollen private valuations. Fidelity marks down stake in pre-IPO startups Cloudera, Dropbox March 30, 2016 https://www.reuters.com/article/us-funds-fidelity-ipo-idUSKC https://www.reuters.com/article/us-funds-fidelity-ipo-idUSKC...