Reddit's Valuation Has Fallen Even Further, Fidelity Says
Reddit's Valuation Has Fallen Even Further, Fidelity Says
Fidelity estimates Reddit's holdings are at $15.4 million, which is down over 7% from the fund’s estimates of $16.6 million from this past April.
Fidelity estimates Reddit's holdings are at $15.4 million, which is down over 7% from the fund’s estimates of $16.6 million from this past April.
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For those who didn’t read the article, important note.
The valuation decrease was as of May 31.
It wasn’t even after the Reddit apocalypse! What is going to happen next?
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I think that’s a fair take that’s likely to happen. It really depends now on what Reddit does to try to normalize things or blow things up more. I think if they try to just rebuild relationships with their new group of users, they may survive.
But they also seem equally as likely to find a new way to screw themselves over…
They still haven't replaced >90% of the moderators... it will take months, probably longer to feel the full effects. People will test it, and will get creative. There is a decent chance if they aren't actively working on a sophisticated plan for thay, the website turns into an alt-right cess pool with CP that slips through the cracks.
With spez at the helm, I'm ready for more action. Let's go!