Fidelity cuts Reddit valuation again - eviltoast

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

  • CavalierAlbatross@lemmy.world
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    1 year ago

    I wish more people weren’t waiting until June 30 to tentatively make a decision or leave. I have a feeling many of them aren’t leaving if they haven’t already.

    • JohnSmith@feddit.uk
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      1 year ago

      I made my decision to leave as soon as I saw how the app devs were treated. Been back only to edit all my comments to state what I think about spez & co. I’ve simply been waiting to add my little weight to the end of month exodus.

    • Buffalox@lemmy.world
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      1 year ago

      IDK but we are close to finding out. In my experience people are generally bad at preparing. And only react when absolutely necessary.

    • thanevim@kbin.social
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      1 year ago

      I wish I had had the time to fully switch sooner. But my life has been nuts, so I’m now scrambling between calls to get into the swing here.

      Which is all just to say, some folks live crazy busy lives and can’t switch as soon as others.

      But also when I was initially going to switch, I was reading that kbin and Lemmy were getting overwhelming traffic, so I wanted to wait for that wave to calm down and ensure the hosts were able to keep up/recover

    • Bear@sh.itjust.works
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      1 year ago

      I wonder if there are a lot of people, average users, that just aren’t in the know, and will only realize the third party apps are gone when they’re physically gone.