The hilarious part is that Fidelity, a current investor in Reddit, already cut the valuation of their stake in Reddit by 41%.. Its obvious that investors already see Reddit as a sinking ship and that the social media value bubble run on debt is deflating, now that the free money Fed policy is a distant memory. All these moves are going to do is shutter their company with zero to show for it. Had they just done nothing, their IPO would have probably gone better lmfao. Most intelligent Reddit ceo moment.
The hilarious part is that Fidelity, a current investor in Reddit, already cut the valuation of their stake in Reddit by 41%.. Its obvious that investors already see Reddit as a sinking ship and that the social media value bubble run on debt is deflating, now that the free money Fed policy is a distant memory. All these moves are going to do is shutter their company with zero to show for it. Had they just done nothing, their IPO would have probably gone better lmfao. Most intelligent Reddit ceo moment.