Fidelity Cuts Reddit Valuation By 41%

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By msmashJun 2, 2023, 6:40 am148 ptsTrending
Fidelity, the lead investor in Reddit's most recent funding round in 2021, has slashed the estimated worth of its equity stake in the popular social media platform by 41% since the investment. From a report: Fidelity Blue Chip Growth Fund's stake in Reddit was valued at $16.6 million as of April 28, according…

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