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 TownWhat Frank Lloyd Wright Learned From the DesertBank Regulators Fight for Desks as OCC Returns to New York TowerThese US Bridges Face High Risk of Catastrophic Ship StrikesCharter Schools, Colleges Push Muni Debt Distress Near RecordThe social

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.

  • lori@lemmy.zipEnglish
    1·
    5 days ago

    I don’t really understand the appeal of reddit as an investment vehicle anyway. Social media is notoriously unprofitable. Reddit only recently managed to get there after how many years??

    • dumblederp@aussie.zoneEnglish
      1·
      5 days ago

      I got banned by AI for discussing jiu-jitsu technique, then got banned by ip/email for ban avoidance when I switched accounts. Now I can’t make an account without dancing through temp mail and a VPN so fuckem. Lemmy gold rush will be ramping up soon enough.