Re:Fidelity has cut Reddit valuation to $4.5B from $10B
by slama on Friday June 30, 2023 @09:58AM
(#36535011)
Considering twitter's worth a third of what he paid for it, probably not
https://www.bloomberg.com/news/articles/2023-05-30/twitter-i...
Re:Fidelity has cut Reddit valuation to $4.5B from $10B
by dbg3386 on Friday June 30, 2023 @10:57AM
(#36536015)
…And Fidelity deepened its valuation cut in Reddit again, today.
https://techcrunch.com/2023/06/30/fidelity-deepens-valuation...
Re:Fidelity has cut Reddit valuation to $4.5B from $10B
by E39M5S62 on Friday June 30, 2023 @12:11PM
(#36537573)
That's the article that the comments are all about, yes.
Re:Fidelity has cut Reddit valuation to $4.5B from $10B
by FormerBandmate on Friday June 30, 2023 @11:56AM
(#36537284)
Tesla is a wildly different story because they're quickly becoming the Apple of cars. They've convinced all the American automakers to use the Tesla charger, they're setting themselves up to basically own road charging
Re:Fidelity has cut Reddit valuation to $4.5B from $10B
by tourmalinetaco on Friday June 30, 2023 @03:32PM
(#36540902)
Keep in mind the $44B number was a joke offer he was forced to pay out. He knew it wasn’t worth as much, but he fucked around and found out.
According to NASDAQ, pre-purchase it was around $13B. And Elon claims it’s at $20B. So supposedly he has improved the net worth, but yes obviously he’s still $20B in the hole.
I bet investors wish he went full Elon.