Fidelity estimates Reddit's holdings are at $15.4 million, which is down over 7% from the fund’s estimates of $16.6 million from this past April.

Fidelity estimates Reddit’s holdings are at $15.4 million, which is down over 7% from the fund’s estimates of $16.6 million from this past April.

  • dismalnow@kbin.social
    2·
    1 year ago

    Nah. Doesn’t even account for the protest.

    FTA:

    this most recent valuation only accounts for the worth of the company’s holdings up to May 31.

    They are PROPER fucked for Q3.

    • mustardman@discuss.tchncs.deEnglish
      2·
      1 year ago

      I think they are going to run out of funding by the end of the year (or sooner) with mass layoffs of their currently overinflated staff.