Girlparts@kbin.social to Reddit Migration@kbin.social · edit-21 year agoFidelity has cut Reddit valuation to $5.5B from $10Btechcrunch.comexternal-linkmessage-square87fedilinkarrow-up1317arrow-down10cross-posted to: technology@beehaw.orgreddit@lemmy.mlsnoocalypse@lemmy.mltechnology@lemmy.worldsnoocalypse@lemmy.mlreddit@lemmy.mlnews@beehaw.orgtechnews@radiation.partytechnews@radiation.party
arrow-up1317arrow-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.worldsnoocalypse@lemmy.mlreddit@lemmy.mlnews@beehaw.orgtechnews@radiation.partytechnews@radiation.party
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
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