Fidelity has cut Reddit valuation to $4.5B from $10B

Re:Fidelity has cut Reddit valuation to $4.5B from $10B by hotpotamus on Friday June 30, 2023 @08:28AM (#36533701)

I feel like Somethingawful figured it out 25 years ago. You can read a slightly censored version of the site for free, but if you want to post and read the swear words, it'll be $10. If you mouth off too bad and get banned, that's another $10. I guess it doesn't scale to world-eating business size, but I gladly sent them $10.

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Re:Fidelity has cut Reddit valuation to $4.5B from $10B by pydry on Friday June 30, 2023 @08:34AM (#36533753)

Thats probably more like what they should be doing.

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Re:Fidelity has cut Reddit valuation to $4.5B from $10B by namelessoracle on Friday June 30, 2023 @12:57PM (#36538364)

have you checked the current state of somethingawful?

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Re:Fidelity has cut Reddit valuation to $4.5B from $10B by hotpotamus on Friday June 30, 2023 @05:00PM (#36542211)

I'd say Lowtax was more of a hindrance than their business model; especially in retrospect. I always thought the edgy dirtbag thing was a bit of a put-on (which I enjoyed), but I was quite wrong on that, and it's a mistake I've learned not to make again.

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