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.

  • wise_pancake@lemmy.caEnglish
    39·
    2 months ago

    Reddit has very weak leadership in my opinion.

    I wouldn’t be betting on them, especially when their user base is going to want them to stand up for them and the Elon fiasco shows Spez won’t.

    It’s a tinderbox before the next large Reddit protest happens again and more niche communities splinter off to the fediverse.

    • FourWaveforms@lemm.eeEnglish
      14·
      2 months ago

      Reddit is the Titanic, leadership is the iceberg, and the fediverse is the welcoming ocean.