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…