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

Re:Fidelity has cut Reddit valuation to $4.5B from $10B by willis936 on Friday June 30, 2023 @08:36AM (#36533769)

And are willing to pay for things that don't attempt to make users into products or buy into attention economics.

Oh but that isn't interesting.

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Re:Fidelity has cut Reddit valuation to $4.5B from $10B by OldManRyan on Friday June 30, 2023 @09:04AM (#36534121)

Everything plays into attention economics and thinking otherwise is naive. Video games are optimized for play time and content, video streaming services try to keep you watching for as long as possible, music streaming services want you listening all day.

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Re:Fidelity has cut Reddit valuation to $4.5B from $10B by willis936 on Friday June 30, 2023 @09:48AM (#36534851)

The artists I enjoy the most are not optimizing for any of that. The thing in between me and the art is not important to me.

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Re:Fidelity has cut Reddit valuation to $4.5B from $10B by OldManRyan on Friday June 30, 2023 @11:40AM (#36536971)

The artist you enjoy might not be but the streaming service you use to listen to them absolutely is.

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Re:Fidelity has cut Reddit valuation to $4.5B from $10B by willis936 on Friday June 30, 2023 @02:28PM (#36539860)

How does that affect me? They inherently add no value.

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Re:Fidelity has cut Reddit valuation to $4.5B from $10B by JohnFen on Friday June 30, 2023 @05:43PM (#36542773)

Unless you don't use a streaming service. A lot of people still don't.

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