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.

  • iWidji@lemmy.worldEnglish
    13·
    3 年前

    For those who didn’t read the article, important note.

    The valuation decrease was as of May 31.

    It wasn’t even after the Reddit apocalypse! What is going to happen next?

      • iWidji@lemmy.worldEnglish
        4·
        3 年前

        I think that’s a fair take that’s likely to happen. It really depends now on what Reddit does to try to normalize things or blow things up more. I think if they try to just rebuild relationships with their new group of users, they may survive.

        But they also seem equally as likely to find a new way to screw themselves over…

        • Corkyskog@sh.itjust.worksEnglish
          3·
          3 年前

          They still haven’t replaced >90% of the moderators… it will take months, probably longer to feel the full effects. People will test it, and will get creative. There is a decent chance if they aren’t actively working on a sophisticated plan for thay, the website turns into an alt-right cess pool with CP that slips through the cracks.