Fidelity has lowered its estimated value of holdings in Reddit, Discord, and Gupshup, providing insight into the impact of the public market slowdown on privately-held shares. The Fidelity Blue Chip Growth Fund’s holdings in Reddit decreased to $15.4 million, down 7.36% from the previous month and 45.4% since the initial investment in August 2021. The value of Discord’s holding was reduced to $1.7 million, marking a 13.4% decrease from the previous month and a 47% decline since the initial investment. Fidelity also adjusted the value of its Twitter and Gupshup holdings.
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