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 BloombergWhy Did the Government Declare War on My Adorable Tiny Truck?Gold-Rush Fever Returns to Historic New Zealand Mining TownHow SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.These US Bridges Face High Risk of Catastrophic Ship StrikesThe social media platform

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.

  • Alphane Moon@lemmy.worldEnglish
    14·
    9 months ago

    This would actually be a great outcome.

    While most people would likely move to Digg v2.0 (I am just being realistic), this will help fuel growth in the threadiverse. And at any rate, the major instances would simply not be able to handle 1 million MAUs immediately moving to Lemmy.

    • NocturnalMorning@lemmy.worldEnglish
      10·
      9 months ago

      It could also just turn it into another nazi mouthpiece, and make getting information out to people even worse than it is now.

      • Alphane Moon@lemmy.worldEnglish
        7·
        9 months ago

        I will speculate this is going to happen anyway, sooner or later.

        While I am not American, I have lived in the the US and have many close friends there. From my understanding, American oligarchs have gone full in on a proto-fascist state (US is not yet fascist in the formal definition of the term, thing can and likely will get worse). This includes Hoffman and not only.

        • snooggums@lemmy.worldEnglish
          2·
          9 months ago

          US is not yet fascist in the formal definition of the term, thing can and likely will get worse.

          Yes it is. We are already at the dictatorial stage in practice with the legislature and SCOTUS complying voluntarily by not enacting checks and balances. Everything else, like the nationalism, demonizing groups, and the rest are in full swing. Don’t need death camps to be fascist, although we are well on our way down that road.

          What criteria isn’t being met yet in your opinion?

    • kitnaht@lemmy.worldBannedEnglish
      4·
      9 months ago

      Digg is excited about “AI” moderation. So, they’re gonna be going the route of banning users for wrongthink just as Reddit did. I don’t think it’s going to be that popular.

    • aleq@lemmy.worldEnglish
      3·
      9 months ago

      While most people would likely move to Digg v2.0 (I am just being realistic)

      Are people actually going? The only thing I’ve heard about it (the AI-fueled reboot) is that it was planned.