Fidelity has cut Reddit valuation to $5.5B from $10B

Reddit Migration@kbin.social – 286 points – 1 years ago

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it's almost like not listening to your users doesn't end well

4.5 billion still sounds well to me...

wee bit worse than 10b

not if that's the amount you lost

A fifty percent drop isn’t a good sign

Rumor has it that Reddit wants to IPO at $15 billion. Hard to do that when you were worth $10 last year and are worth $4.5 this year.

This happened before the current kerfluffle.