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Fidelity Blue Chip Growth Fund valued its holdings in Reddit at $15.4 million as of May 31, according to the fund’s monthly disclosure released Friday. That’s down 7.36% from $16.6 million mark at April’s closure and altogether a slide of 45.4% since its investment in August 2021. The updated share value suggests a $5.5 billion valuation for Reddit.

Let’s keep those numbers dropping!

“Typically, airborne dust from the Sahara helps to cool this region by blocking and reflecting some of the sun’s energy; but weaker than average winds have reduced the extent of dust in the region’s atmosphere potentially leading to higher temperatures,” said professor Albert Klein Tank of the Met Office’s Hadley Centre in the Met Office blog.”

It’s interesting how different environmental factors compound on to each other