BlackRock has cut its valuation of Automattic by 10%, now pegging shares at $37.5, down from $41.7 earlier this year. The move follows Automattic’s ongoing legal clash with WP Engine over WordPress.org access. CEO Matt Mullenweg noted BlackRock holds only a 0.6% non-voting stake. As tensions escalate, the valuation shift reflects broader industry challenges and scrutiny in the hosting sector.