Fidelity deepens valuation cut for Reddit and Discord

TechCrunch
By Manish SinghJun 30, 2023, 5:12 am205 ptsTrending
Fidelity has further slashed the estimated worth of its holding in social platform Reddit and chat app Discord as well as SaaS startup Gupshup, giving a preview into how the asset manager sees the impact of the ongoing slowdown in the public market on privately-held shares. Fidelity Blue Chip Growth Fund valued…

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