Payment for Gig Workers, Reddit’s Valuation Reduced by Fidelity, and AI Takes Over Minecraft.

Fidelity has reduced the estimated worth of its equity stake in social media platform Reddit by 41% since the company led Reddit’s most recent funding round last year. The mark-down is part of a broader trend that has impacted a number of startup companies globally, and raises concerns over whether Reddit will retain its aim to go public at a valuation of around $15bn. Meanwhile, Amazon is rumoured to be in talks with Verizon, T-Mobile, Dish Network and AT&T over offering low-cost or free nationwide mobile phone services to Amazon Prime subscribers in the US. California-based Uber, Lyft, DoorDash and other app-based ride-hail and delivery companies will have to reimburse gig workers for unpaid vehicle expenses between 2022 and 2023 as a result of a provision in Proposition 22, which came into force following controversy over gig workers’ status.