this post was submitted on 30 Jun 2023
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Reddit Migration

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### About Community Tracking and helping #redditmigration to Kbin and the Fediverse. Say hello to the decentralized and open future. To see latest reeddit blackout info, see here: https://reddark.untone.uk/

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Fidelity has cut Reddit valuation to $5.5B from $10B (techcrunch.com)
submitted 2 years ago* (last edited 2 years ago) by [email protected] to c/[email protected]
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[–] [email protected] 140 points 2 years ago

(Worth noting that the vast majority of markdown in the value of Reddit and Discord holdings by Fidelity predominantly occurred last year.)

Oh, that means there’s more room to move down.