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.

  • Libra00@lemmy.worldEnglish
    1·
    4 days ago

    Yup. What’s left of their user-base is cranky, well-entrenched against their bullshit, and not afraid to show it. See: the APIpocalypse, etc. I would bet they lost millions of users over that, and now they’re alienating tens or hundreds of thousands more. They have a pretty shit business model which largely relies on enshittification.