News for hackers. Stuff that matters.
Re:Reddit’s plan to kill third-party apps sparks widespread ... by Anon4Now on Tuesday June 06, 2023 @09:28AM (#36212388)
Meanwhile, their valuation has gotten worse. In 2021 Fidelity invested $28.2M in Reddit and now values that investment at $16.6M - a 41% drop [1].

[1] https://techcrunch.com/2023/06/01/fidelity-reddit-valuation/

Re:Reddit’s plan to kill third-party apps sparks widespread ... by nemo44x on Tuesday June 06, 2023 @09:56AM (#36212838)
To be fair most every growth tech company took a pretty big haircut. Some value has returned to the stronger players recently. However, weaker ones are still well off ATHs. Will be interesting to see how Reddit looks.
Re:Reddit’s plan to kill third-party apps sparks widespread ... by throwaway1777 on Tuesday June 06, 2023 @10:57AM (#36213823)
Most tech companies are down 40% from their peak still unless they are part of this ai hype train.
Re:Reddit’s plan to kill third-party apps sparks widespread ... by the_doctah on Tuesday June 06, 2023 @11:38AM (#36214493)
Big difference between tech giants making software used by businesses and a glorified message board
Re:Reddit’s plan to kill third-party apps sparks widespread ... by afavour on Tuesday June 06, 2023 @12:42PM (#36215513)
Not really, all comes down to "are they making money?"
Re:Reddit’s plan to kill third-party apps sparks widespread ... by paulddraper on Tuesday June 06, 2023 @11:20AM (#36214206)
That's not far off tech in general though