- cross-posted to:
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- [email protected]
- cross-posted to:
- [email protected]
- [email protected]
Summary
Reddit shares have dropped 50% from their February peak, when the stock had soared over 500% from its $34 IPO price last March.
Much of the early enthusiasm came from AI-related deals allowing Reddit’s content to be used for training models, but recent doubts about long-term growth in the AI sector have dimmed that optimism.
Analysts remain skeptical and some call the stock “super overvalued,” noting Reddit still is not making any money.
Market uncertainty and early investor sell-offs continue to weigh on Reddit and the broader tech sector.
Been and deleted every post and comment manually. Do I need to do anything else?
asdf
Spez and csuites dumped their stocks months ago, probably squeezing the last ounce before they turn it into a Facebook clone, where FB is using AI of resurrected accounts to push right wing agendas
The lock up period expired last year. The smart money left.
There’s an add-in that’ll replace your comment’s text with gibberish. I used that.
Is it general gibberish or is there a fuck reddit gibberish? That would be fun.