this post was submitted on 08 Jul 2023
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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
315 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?

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[–] 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