Categories
Business Finance Tech

Fidelity Investments Slashing Valuations on Reddit, Stripe, Bytedance and Instacart

It seems like private market valuations for startups are getting slashed because of overall economic outlooks. In the past few months we have seen heavy declines in the public markets and now the private markets are following behind.

Fidelity Investments is cutting some of its portfolio company valuations.

  • Reddit valuation is down by more than a third.
  • Stripe valuation is down by about 13%
  • Bytedance valuation is down by 13%
  • Instacart is valued at half of its value from last year.

These are only private valuations inside of Fidelity and this was back in April – so its expected that these valuations have dropped even more since then.

It’s a tough time economically for everyone!

Categories
Business Tech

Stripe Invoicing – Misses the Point!

Stripe has just launched a new invoicing tool to help its customers create invoices faster and more efficiently. However, it misses the point!

Stripe has offered invoicing options for some time within its standard platform, but now they have decided to segment it out and try to charge for something that was previously for Free (without telling anyone).

Additionally, the invoicing product only seems to be tailored to its current customer base, which is very tech / startup / businesses that require a developer heavy!

Oh… and I forgot to mention that they want to take 0.5% of your entire invoicing price just to provide you with super basic tech you really should be getting for Free.

No wonder this is getting heavily downvoted on ProductHunt!

Better luck next time Stripe. This could have been good, but missed the mark.