this post was submitted on 30 Jun 2023
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172
Reddit's Valuation Has Fallen Even Further, Fidelity Says (gizmodo.com)
submitted 2 years ago by L4s@lemmy.world to c/technology@lemmy.world
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Fidelity estimates Reddit's holdings are at $15.4 million, which is down over 7% from the fund’s estimates of $16.6 million from this past April.

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[–] CaptObvious@lemmy.world 5 points 2 years ago (2 children)

I couldn't care less about corporate investors. They deserve what they're getting. But far too many ordinary people have been forced to put their retirement funds in the stock market (via 401(k) accounts instead of retirement plans), and I hope they're safe.

[–] LetMeEatCake@lemmy.world 3 points 2 years ago

Reddit hasn't had their IPO yet. The only way that regular people are invested in it are by being invested in equity firms that own part of Reddit today. As best I can tell, the only one such company that (a) is invested in reddit, and (b) is public is Tencent.

So, for now, people are safe. It's investment managers at private businesses that might get in trouble.