The tech giant is reportedly in talks with Verizon, T-Mobile, Dish Network and AT&T.
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The devaluation, part of a broader trend that has hit a variety of growth-stage startups across the globe in the past year, raises uncertainties about whether Reddit will maintain its initial intent to reportedly go public at a valuation around $15 billion.Īmazon Prime Data:Amazon is considering offering low-cost or possibly free nationwide mobile phone service to Prime subscribers in the United States, according to a new report from Bloomberg.
Now with the PSAs out of the way, here’s your WiR! most readįidelity sours on Reddit: This week, Fidelity, the lead investor in Reddit’s most recent funding round in 2021, slashed the estimated worth of its equity stake in the social media platform by 41% since the investment. Among the speakers at City Spotlight will be mayor Andre Dickens - we’re looking forward to hearing his perspective. Atlanta has emerged as one of the buzziest new hubs in the nation, with booming cybersecurity and software-as-a-service sectors as well as a slew of investors looking to back the hot new startups coming from the metro. You don’t want to miss it.Įlsewhere, stay tuned for City Spotlight on June 7 (Wednesday), which will highlight Atlanta, Georgia, this go-round. Whether you’re a startup rookie learning the ropes or a founder hell-bent on changing the world, Disrupt will deliver the tools, knowledge and connections to help you make it happen. Speaking of “agenda,” mark your calendars for Disrupt, TC’s annual conference, kicking off in September.
Hope the summer’s treating y’all well - it’s a balmy 90 degrees here in NYC! - and that some much-needed R&R is on the agenda. Hey, folks, welcome to Week in Review (WiR), TechCrunch’s regular newsletter that recaps the week in tech.
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