- cross-posted to:
- reddit@lemmy.ml
- RedditMigration@kbin.social
- news@beehaw.org
- cross-posted to:
- reddit@lemmy.ml
- RedditMigration@kbin.social
- news@beehaw.org
Fidelity has further slashed the estimated worth of its holdings in Reddit and Discord as well as SaaS startup Gupshup.
Reddit has (very very likely) had a board ever since their first VC investment round in 2005, the board is backing this otherwise Spez would get voted out in a heartbeat
If Reddit has a board, and they let Spez loose to do this crap, then they deserve a $10 BN devaluation. Maybe this will be the wakeup call.