Oof, and that's their valuation as of May 31. So that includes nothing that's happened since showing even more what a clusterfuck of an investment Reddit is.
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!
A little surprise that Discord is losing so much value, but Reddit deserves it
Oof, and that's their valuation as of May 31. So that includes nothing that's happened since showing even more what a clusterfuck of an investment Reddit is.
Let’s keep those numbers dropping!
A little surprise that Discord is losing so much value, but Reddit deserves it
We did it
RedditFediverse!