https://techcrunch.com/2023/06/01/fidelity-reddit-valuation/ > Fidelity, the lead investor in Reddit’s most recent 2021 funding round, has slashed the estimated worth of its equity stake in the popular social media platform by 41% since the investment, the latest high-profile write-down amid a weakening worldwide economy on public markets. > Fidelity Blue Chip Growth Fund’s stake in Reddit was valued at $16.6 million as of April 28, according to the fund’s monthly disclosure released over the weekend. That’s down 41.1% over the $28.2 million the firm spent to acquire the Reddit shares in the Series F funding, according to disclosures the firm has made in its annual and semi-annual reports.