Girlparts@kbin.social to Reddit Migration@kbin.social · edit-21 year agoFidelity has cut Reddit valuation to $5.5B from $10Btechcrunch.comexternal-linkmessage-square87fedilinkarrow-up1318arrow-down10cross-posted to: technology@beehaw.orgreddit@lemmy.mlsnoocalypse@lemmy.mltechnology@lemmy.worldtech@kbin.socialsnoocalypse@lemmy.mlreddit@lemmy.mlreddit@lemmy.worldnews@beehaw.org
arrow-up1318arrow-down1external-linkFidelity has cut Reddit valuation to $5.5B from $10Btechcrunch.comGirlparts@kbin.social to Reddit Migration@kbin.social · edit-21 year agomessage-square87fedilinkcross-posted to: technology@beehaw.orgreddit@lemmy.mlsnoocalypse@lemmy.mltechnology@lemmy.worldtech@kbin.socialsnoocalypse@lemmy.mlreddit@lemmy.mlreddit@lemmy.worldnews@beehaw.org
minus-squaremilkytoast@kbin.sociallinkfedilinkarrow-up11·1 year agoit’s almost like not listening to your users doesn’t end well
minus-squareJaysyn@kbin.sociallinkfedilinkarrow-up3·1 year agoThis happened before the current kerfluffle.
minus-squareBilliam@lemmy.worldlinkfedilinkarrow-up5·1 year agoRumor 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.
minus-squareLynnTheChaoticWitch@feddit.nllinkfedilinkarrow-up4·1 year agoA fifty percent drop isn’t a good sign
it’s almost like not listening to your users doesn’t end well
This happened before the current kerfluffle.
4.5 billion still sounds well to me…
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.
wee bit worse than 10b
not if that’s the amount you lost
A fifty percent drop isn’t a good sign