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Fidelity deepens valuation cut for Reddit and Discord (techcrunch.com)

submitted 1 year ago by richardazia@kbin.social to c/tech@kbin.social

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Fidelity has further slashed the estimated worth of its holdings in Reddit and Discord as well as SaaS startup Gupshup.

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[–] NecoArcKbinAccount@kbin.social 9 points 1 year ago (3 children)

Discord too? Hopefully that will start a wake up call for them.

[–] RheingoldRiver@kbin.social 3 points 1 year ago (2 children)

Interesting, I wonder if it's related at all to user discontent over the username change or if it's just because UGC-reliant platforms seem very turbulent atm

[–] LuckyCharmsNSoyMilk@kbin.social 2 points 1 year ago (1 children)

Do people actually care about the username change?

[–] RheingoldRiver@kbin.social 3 points 1 year ago* (last edited 1 year ago)

Ohhhhhhhhh yes. Here's a comment that sums up people's anger about it and look how many upvotes it has. And here's all posts sorted by votes. Also compare the previously-most-upvoted posts' ages compared to this one.

People care, a lot.