this post was submitted on 30 Jun 2023
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Reddit Migration

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### About Community Tracking and helping #redditmigration to Kbin and the Fediverse. Say hello to the decentralized and open future. To see latest reeddit blackout info, see here: https://reddark.untone.uk/

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Fidelity has cut Reddit valuation to $5.5B from $10B (techcrunch.com)
submitted 2 years ago* (last edited 2 years ago) by Girlparts@kbin.social to c/RedditMigration@kbin.social
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[–] latte 1 points 2 years ago

yeah it's less of a valuation drop than discord which hasn't had any similar drama, it just looks like more trend of tech valuations dropping as a whole recently.