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

submitted 1 year ago by Sp00ky94@lemmy.fmhy.ml to c/technology

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[–] Rentlar 18 points 1 year ago

There is the argument that these sites might not be able to be profitable to begin with...

Be it Twitter, Reddit or anyone else, I don't know how taking drastic, sudden measures to tighten the purse-strings, while giving the middle finget to users would work to increase or maintain its valuation.