Fidelity deepens valuation cut for Reddit and Discord

Fidelity has further slashed the estimated worth of its holding in the social platform Reddit and the chat app Discord as well as SaaS startup Gupshup, giving a preview into how one of the world’s largest asset manager sees the impact of the ongoing slowdown in the public market on privately-held startups. Fidelity Blue Chip […]

Fidelity deepens valuation cut for Reddit and Discord by Manish Singh originally published on TechCrunch