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submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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

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[-] kultsinuppeli@lemmy.world 0 points 1 year ago

Well, that's a bit misleading. It was $10 billion in August 21. But all of the startup type tech companies have taken huge dives after that.

So the actual impact of the protests are yet to be seen. E.g. the value of Discord shrank even more than reddit.

[-] Buffalox@lemmy.world 0 points 1 year ago

I'm pretty sure I saw it valued at 10 bil 14 days ago.

Tech has gone down, then up again, since august, for instance alphabet is higher now than back in August.

this post was submitted on 30 Jun 2023

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