Reddit’s 50% Plunge Fails to Entice Dip Buyers as Growth Slows
finance.yahoo.com
(Bloomberg) -- The gloomy sentiment around Reddit Inc. has failed to dissipate after its shares fell 50% from a February high, with volatile technology stocks under pressure. Most Read from BloombergGold-Rush Fever Returns to Historic New Zealand Mining TownHow SUVs Are Making Traffic WorseWhat Frank Lloyd Wright Learned From the DesertTrump Slashed International Aid. Geneva Is Feeling the Impact.Bank Regulators Fight for Desks as OCC Returns to New York TowerThe social media platform has strugg

The gloomy sentiment around Reddit Inc. has failed to dissipate after its shares fell 50% from a February high, with volatile technology stocks under pressure.

  • redwattlebird @lemmings.worldEnglish
    0·
    5 months ago

    It’s always been ridiculous to me that what is essentially a forum has shareholders. That’s why I left Reddit during the app debacle and haven’t looked back.

    • quack@lemmy.zipEnglish
      1·
      5 months ago

      Corporate social media was a mistake. Genuinely, I lay a lot of why the state of the western world is the way it is at the feet of Zuckerberg and his peers.