Girlparts@kbin.social to Reddit Migration@kbin.social · edit-21 year agoFidelity has cut Reddit valuation to $5.5B from $10Btechcrunch.comexternal-linkmessage-square83fedilinkarrow-up1295arrow-down10cross-posted to: technology@beehaw.orgreddit@lemmy.mlsnoocalypse@lemmy.mltechnology@lemmy.worldtech@kbin.socialsnoocalypse@lemmy.mlreddit@lemmy.mlnews@beehaw.orgtechnews@radiation.party
arrow-up1295arrow-down1external-linkFidelity has cut Reddit valuation to $5.5B from $10Btechcrunch.comGirlparts@kbin.social to Reddit Migration@kbin.social · edit-21 year agomessage-square83fedilinkcross-posted to: technology@beehaw.orgreddit@lemmy.mlsnoocalypse@lemmy.mltechnology@lemmy.worldtech@kbin.socialsnoocalypse@lemmy.mlreddit@lemmy.mlnews@beehaw.orgtechnews@radiation.party
minus-squaremilkytoast@kbin.sociallinkfedilinkarrow-up11·1 year agoit’s almost like not listening to your users doesn’t end well
minus-squareLynnTheChaoticWitch@feddit.nllinkfedilinkarrow-up4·1 year agoA fifty percent drop isn’t a good sign
minus-squareBilliam@lemmy.worldlinkfedilinkarrow-up4·1 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-squareJaysyn@kbin.sociallinkfedilinkarrow-up3·1 year agoThis happened before the current kerfluffle.
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.