Fidelity deepens valuation cut for Reddit and Discord

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

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Let's hope the ipo fails and the c-level staff who thought they were going to be able to buy their mega yachts cry themselves to sleep. After they get the boot, someone could revive reddit into a great service and being used as a scheme to fill bags of money.

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