this post was submitted on 03 Apr 2025
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Watch Reddit Die

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https://sh.itjust.works/c/watchredditdie

Watch Reddit die. Pray for Reddit to die. Help Reddit die.

Rules

  1. No Reddit shills or trolls. But if you have a good argument for why Reddit should live, we'll hear you out.
  2. Try to be civil and intelligent. Be angry at Reddit, not each other.
  3. Provide evidence as much as possible without doxxing or harassing people.
  4. Should probably avoid linking directly to Reddit. Use archive.today and archive.org links.

Will add more rules as needed.

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Reddit’s 50% plunge fails to entice dip buyers as growth slows (www.bloomberg.com)
submitted 19 hours ago by Blaze@lemmy.dbzer0.com to c/watchredditdie@sh.itjust.works
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cross-posted from: https://lemm.ee/post/60259940

cross-posted from: https://lemmy.world/post/27610195

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.

Non-paywall link

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