Valuation Volatility: Fidelity's Impact on Twitter and Reddit

Fidelity has slashed the estimated worth of its equity stake in Reddit by 41% since its investment, raising uncertainties about whether Reddit will maintain its initial intent to go public at a valuation around $15bn; Uber, Lyft, DoorDash and other app-based ride-hail and delivery companies will have to reimburse California gig workers potentially millions of dollars for unpaid vehicle expenses between 2022 and 2023; AI researchers have built a Minecraft bot that can explore and expand its capabilities in the game’s open world; Shopify has launched a new rewards program called Shop Cash; and Stripe has announced a new charge card program to make it easier for businesses to access credit.