Fidelity has further slashed the estimated worth of its holdings in Reddit and Discord as well as SaaS startup Gupshup.

  • NecoArcKbinAccount@kbin.social
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    1 year ago

    I’m suspecting its inflated from clueless investors getting misled by tech CEOs and proceeding to overvalue the companies. Good for the CEO and other higher-ups, bad for everyone else.

    • HidingCat@kbin.social
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      1 year ago

      Feels that there’s some negligence going on, finance professionals should be stepping in and going, “no, that’s unrealistic”. Somewhere along the lines the game is fucked.