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Re:Fidelity has cut Reddit valuation to $4.5B from $10B by jfrbfbreudh on Friday June 30, 2023 @12:19PM (#36537716)
Advertisers specifically avoid Reddit. Ask anyone who’s run an ad campaign on Reddit vs. literally anywhere else. The conversion rate is absolute trash.

Shockingly, the average Redditor doesn’t have (or isn’t willing to part with their) disposable income.

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