Empire Codex

Empire Codex

Share this post

Empire Codex
Empire Codex
Contraction of value

Contraction of value

Paper deduction

Empire Codex's avatar
Empire Codex
Jul 06, 2023
∙ Paid

Share this post

Empire Codex
Empire Codex
Contraction of value
Share

Here’s what we have for you today:

• Lagging behind

• Post-traumatic

• The untouchable

Fidelity’s software write-down

Read it: Fidelity valued its holdings in Reddit at $15.4 million as of late May, 2023. This suggests a $5.5 billion valuation for Reddit at the moment. A total drop of 45.4% since its investment in August, 2021.

The cut: Fidelity’s value of it…

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 Empire Codex
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share