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submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

The Reddit Protest Is Finally Over. Reddit Won.::Reddit corporate claims victory over its disgruntled mods as r/aww, r/pics, and r/videos abandon the "John Oliver rule."

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[-] Hyperi0n@lemmy.film 1 points 1 year ago

Discord isn't owned or majority controlled by tencent at all. That's antivax level paranoia.

[-] exapsy@sh.itjust.works 1 points 1 year ago* (last edited 1 year ago)

Tencent owns a majority of the shares. If you want to dispute me, at least throw a source … it’s a well known fact in the business community.

Crunchbase - Discord Principal investors

Crunchbase - Discord Series B Lead investors (Tencent, Benchmark, 9+ Program)

[-] Hyperi0n@lemmy.film 0 points 1 year ago

You just claimed that out of your ass again. There isn't a single source that says tencent has a majority stake from their investment with Discord Inc.

Not even the links you provided state what you are claiming.

Tencent owns a majority stake in GGG.

Tencent has only funded Discord for $158 million. Less than 1/3 of the total funding($500 million) it has received and well below the $15 billion the company is valued at.

Either you don't know how investments and shares work, you're bad at math or both.

Is most likely that tencent has a 10-15% stake in Discord.

[-] JesusFistus@lemm.ee 1 points 1 year ago

Depending on when that funding came in and how the stocks got priced they could be majority shareholders, the founders of the company I work for own over 50% together although they've gotten way more funding from external investors than they've put in themselves

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this post was submitted on 05 Aug 2023
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