Fidelity, the lead investor in Reddit's most recent funding round, has cut the estimated value of its stake in the social platform by 41%.
  • Inevitable Waffles [Ohio]@midwest.socialEnglish
    2·
    1 year ago

    We’ve had plenty of examples of social media purchases that ended up tanking the valuation. It’s possible with the instability in the market, the potential value of Reddit as a platform is preemptively correcting. But I don’t know, I’m not an economist.