this post was submitted on 30 Jun 2023
134 points (99.3% liked)
Technology
59223 readers
3330 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I read before all this started reddit was valued around $10 billion.
Now it's already down to $5.5 billion.
These are estimates, since reddit hasn't gone public yet, there is no official market value.
Still I'm guessing that next week it will be valued even lower. Tomorrow is when the real shit hits the fan.
I would have thought that most people who didn't want to use Reddit anymore have probably already stopped using it.
But yes I hope to see more bad news for Reddit such as this diminished valuation.