this post was submitted on 30 Jun 2023
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Fidelity deepens valuation cut for Reddit and Discord (techcrunch.com)
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[–] cmdrmoto@lemmy.ml 5 points 1 year ago

FTA:

The updated share value suggests a $5.5 billion valuation for Reddit. […]

[…] currently grappling a revolt from moderators of some popular subreddits over API cost changes, was valued at $10 billion when the social media giant attracted funds in August 2021.