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.

  • CosmoNova@lemmy.worldEnglish
    8·
    6 days ago

    It currently belongs to Viant Technology LLC, an advertising company that’s deeply invested into the AI bubble. Perhaps they’ll sell it off after the crash but honestly, MySpace’s downfall and sellout is kind of what’s wrong with Internet culture anyway so I don’t see any benefit in a restart. I’d rather see a complete reset.