Who thought investing in Reddit would be worth it? Well, apparently damn near no one.
I never bothered to pay attention to them or their IPO otherwise maybe I would have done some put's on them.
Their "users" are the "product" but the "users" are half bots (probably more), censored to fuck and back, block every single ad possible, are extremely hostile (and stupid) Why would any company think it would be useful to advertise or invest somewhere like that?
Archive: https://archive.today/VqyOD
From the post:
>Though it's stock price is still up 200% from its IPO in March of 2024 — last week Reddit's stock had dropped nearly 50% since February 7th.
And then this week, it dropped another 10%, reports Bloomberg, citing both the phenomenon of "volatile technology stocks under pressure" — but also specifically "the gloomy sentiment around Reddit..."
Who thought investing in Reddit would be worth it? Well, apparently damn near no one.
I never bothered to pay attention to them or their IPO otherwise maybe I would have done some put's on them.
Their "users" are the "product" but the "users" are half bots (probably more), censored to fuck and back, block every single ad possible, are extremely hostile (and stupid) Why would any company think it would be useful to advertise or invest somewhere like that?
Archive: https://archive.today/VqyOD
From the post:
>>Though it's stock price is still up 200% from its IPO in March of 2024 — last week Reddit's stock had dropped nearly 50% since February 7th.
And then this week, it dropped another 10%, reports Bloomberg, citing both the phenomenon of "volatile technology stocks under pressure" — but also specifically "the gloomy sentiment around Reddit..."