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.

  • Cruxifux@feddit.nlEnglish
    27·
    9 个月前

    I can’t even think of a time in history where someone was a huge piece of shit in America and “lost everything.” Maybe R Kelley, P Diddy, and Bill Cosby? But only for the time they spent in whatever rich guy jail they got to go to and then they were fine.

    • TheFeatureCreature@lemmy.caEnglish
      22·
      9 个月前

      Elizabeth Holmes comes to mind. She manoeuvred herself into a position of wealth and power by defrauding other rich people and got herself 11 years in prison for it. That’s 11 years more than most other rich scumbags get.

        • TheFeatureCreature@lemmy.caEnglish
          10·
          9 个月前

          She went into prison in 2023 so she will be there for a while yet.

          I don’t think her wealth is known exactly but she and her company lost billions during the scandal.

      • Billiam@lemmy.worldEnglish
        3·
        9 个月前

        And that just goes to show:

        The only time rich people are held accountable in the US, is when they fuck with other rich people’s money.

      • deranger@sh.itjust.worksEnglish
        3·
        9 个月前

        The most bizarre part of the Theranos scandal is that any medical lab tech/scientist could have told you, right from the initial pitch, the entire thing was a massive scam. There was literally no reason to ever think this technology was feasible and a mountain of reasons it wasn’t.