this post was submitted on 08 Jul 2023
823 points (96.5% liked)

Technology

59575 readers
3040 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s@lemmy.world
L3s@fry.gs
L4s@fry.gs
L4s@lemmy.world
enu@lemmy.world
823
How reddit crushed the biggest protest in its history: Did it, though? (www.theverge.com)
submitted 1 year ago by Frostwolf@lemmy.world to c/technology@lemmy.world
312 comments fedilink hide all child comments
 

How is reddit post protest, did it really win over protesters? Did the ones who left make a dent? Or like all things before, did it ultimately do nothing?

you are viewing a single comment's thread
view the rest of the comments
[–] Paradox@lemdro.id 3 points 1 year ago (1 children)

Valuation was halved before the protests started.

[–] AttackBunny@lemmy.world 1 points 1 year ago* (last edited 1 year ago) (1 children)

This says after to protest. Unless I’m reading it wrong.

[–] Paradox@lemdro.id 2 points 1 year ago (1 children)

It's referring to the Fidelity cut, which was announced at the end of May

[–] AttackBunny@lemmy.world 1 points 1 year ago (1 children)

And I was referring to the one that I linked, which took place after that one, and after the protests started.

[–] Paradox@lemdro.id 2 points 1 year ago* (last edited 1 year ago)

I don't see it. The Gizmodo article sources this TechCrunch article, which says (emphasis mine):

Fidelity Blue Chip Growth Fund valued its holdings in Reddit at $15.4 million as of May 31, according to the fund’s monthly disclosure released Friday. That’s down 7.36% from the $16.6 million mark at April’s closure and altogether a slide of 45.4% since its investment in August 2021. The updated share value suggests a $5.5 billion valuation for Reddit

Yeah Giz is reporting that the valuation has been sliced after the protests, but their own source disagrees with them