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Reddit’s 50% Plunge Fails to Entice Dip Buyers as Growth Slows. (finance.yahoo.com)

submitted 2 weeks ago by Tea@programming.dev to c/technology@lemmy.world

481 comments fedilink hide all child comments

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.

(page 6) 50 comments

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[–] Walican132 4 points 2 weeks ago

I bought a single share when the ipo happened figuring it would be funny. Meant to sell when it was at 200 and forgot. Just checked. Still funny, sucks I missed out on $100 but I figure it’s going to keep going down. I’ll keep my one share. Reminds me to look.

[–] turnip@sh.itjust.works 4 points 2 weeks ago* (last edited 2 weeks ago)

Microsoft has an AI store and all the apps are absolute crap. AI is a good Chatbot, but applying it to other things that can be monetized is clearly difficult.

There are also now thousands of free chatbots online that will have near zero margins, its definitely overbought.

[–] commander@lemmy.world 4 points 2 weeks ago (1 children)

It'll fall won't be as dramatic as Digg but it will decline over time. Probably not have a major exodus event like Musk buying Twitter and renaming it and sending people to try BlueSky and Mastodon

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[–] FeelThePower@lemmy.dbzer0.com 4 points 2 weeks ago

good

[–] poyo_527@lemmy.world 4 points 2 weeks ago

good

[–] unemployedclaquer@sopuli.xyz 4 points 1 week ago (5 children)

have they resurrected that subreddit from 2016 era, name of which i will not repeat, but it was well fuck. i'm still not going to say it. it's not an "information hazard", it's a garbage sphere that accretes garbage

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[–] Smoogs@lemmy.world 3 points 2 weeks ago

Musk strikes again

[–] Dearth@lemmy.world 3 points 2 weeks ago (1 children)

I was offered a chance to buy into reddit's IPO. I knew it was a bad idea and I'm glad i didn't

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[–] puck@lemmy.world 3 points 2 weeks ago (1 children)

Does using rdx benefit Reddit at all? I don’t have a Reddit account anymore but I sometimes check it with rdx but I think im ready to cut ties altogether.

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