Fidelity, the lead investor in Reddit’s most recent funding round in 2021, has slashed the estimated worth of its equity stake in the popular social media platform by 41% since the investment.
Reddit (RDDT) leads the 2026 social media year-to-date scoreboard as it's down just 14%, barely edging Pinterest (PINS) which is down 15%, while Snap (SNAP) has collapsed 41%. Reddit's Q1 EPS of $1.01 ...
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