Fidelity estimates Reddit's holdings are at $15.4 million, which is down over 7% from the fund’s estimates of $16.6 million from this past April.

Fidelity estimates Reddit’s holdings are at $15.4 million, which is down over 7% from the fund’s estimates of $16.6 million from this past April.

    • empireOfLove@lemmy.oneEnglish
      8·
      1 year ago

      The only people losing money here are corporate private investors. I hope they lose every fucking cent.

        • LetMeEatCake@lemmy.worldEnglish
          3·
          1 year ago

          Reddit hasn’t had their IPO yet. The only way that regular people are invested in it are by being invested in equity firms that own part of Reddit today. As best I can tell, the only one such company that (a) is invested in reddit, and (b) is public is Tencent.

          So, for now, people are safe. It’s investment managers at private businesses that might get in trouble.

    • moop@kbin.social
      21·
      1 year ago

      I don’t know, if you believe someone who thinks Elon Musk did a great job with Twitter maybe you deserve to lose money