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

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

  • NecoArcKbinAccount@kbin.social
    6·
    1 year ago

    I’m suspecting its inflated from clueless investors getting misled by tech CEOs and proceeding to overvalue the companies. Good for the CEO and other higher-ups, bad for everyone else.

    • HidingCat@kbin.social
      4·
      1 year ago

      Feels that there’s some negligence going on, finance professionals should be stepping in and going, “no, that’s unrealistic”. Somewhere along the lines the game is fucked.