Fidelity estimates Reddit’s holdings are at $15.4 million, which is down over 7% from the fund’s estimates of $16.6 million from this past April.
Fidelity estimates Reddit’s holdings are at $15.4 million, which is down over 7% from the fund’s estimates of $16.6 million from this past April.
Elron was correct that Twitter had more employees than they really need. It’s unclear what thousands and thousands of people do at these companies. Twitter was surely large enough that they could have been profitable, though. What he did to slash employees - I’m sure that helps. Not paying rent? Not sure. Driving away 65% of their ad business? Probably not a great idea.
Another problem for Reddit and Twitter is that they allow a content that advertisers don’t want to appear next to, such as porn or freakout-fighting videos.