1179
lol. Cunts.
this post was submitted on 28 Mar 2025
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Luckily it's dropping again. Burn baby burn.
IMO, anybody who invested is a fool. AFAIK the only user-generated content companies that have made the model work are Google (YouTube) and Meta, and that's because they're the advertising duopoly that controls the Internet. Maybe TikTok, but that one's a mess. Twitter couldn't do it, even before Elon they were a big money loser.
So, what does Reddit have that other companies don't? Nothing really. And now that they did their IPO their investors are going to start demanding growth, which means enshittification. But, unlike YouTube where there's no viable competitor, or Facebook / Instagram where there are network effects locking people in. Reddit users are mostly pseudonymous. IMO that also means much more likely to jump to another platform like Lemmy.
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Please people, if you are going to look at stock prices, look back a year, two, or more. Reddit was slightly up from its 5 year point when in October 2024, like many other stocks, it wildly went up. It isn't yet back down to the pre-October level. Someone (Musk and fellow billionaires?) have been playing these markets since the last US election to game money out of everyone else. There was no value in the business to justify the jump, just a pump and dump scheme to graft money out of the lower classes/pension portfolios.
This!!
It annoys me so much when people show stocks of a few wees as evidence that a company is doing bad. You should look a year back or more.
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Maybe this is a dumb question, but how does the day to day health of the reddit community affect the stock price? Wouldn't a simpler explanation be that reddit stock is in decline like most other stocks right now because of the overall market uncertainty?
Stock indexes, typical stocks, are down about 10% from highs around that period.
Stock prices are mostly speculation these days, thay don't reflect the actual financial standing of a company, but more the public perception of the company. People get pissed at reddit, dump the shares they were holding and the demand drops, so the price goes down. ...I think.
It could indicate that investors don't like these moves and see it as a risk for the future of the company. Or it could indicate that line goes up or down randomly, who knows, not the folks on wall street that's for sure.
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The drop started right around the first wave of bans. Fuck Reddit.
Losing after siding with a loser. Entirely predictable outcome.
Once upon a time I went to Reddit as a Digg refugee. Now I have come to Lemmy as a Reddit refugee.
Your username just hit me right in the feels
" you didn't really believe that did you?"
Yes, I fucking did. And now I'm devastated to learn that cute harmless little hippos don't live in my house. 😭
I miss media literacy Ads like the house hippo
That's because we give absolutely, and that's verified, zero fucks about *eddit and his piece of shit, pretending to be a human being, of a ceo
Couldn't have happened to a nicer company. Cheers.
Lol OP are you serious with this low effort shitpost? I'm all for shitting on Reddit but in case you've been living under a rock the past month, THE ENTIRE MARKET HAS GONE DOWN, OF WHICH ALL TECH HAS BEEN HIT THE HARDEST. I mean my God, what even is this community? Ya'll drinking the Kool-Aid here hard.
Fuck /u/spez
Amazing - it's almost like people here DGAF about reddit or what happens to it.
I left however many days ago my Lemmy account says - from being a daily user ^
So it was me that caused it.
Good, let reddit die. Conversations shouldn't be profitable.
1M chart doesn't show anything. We can see that the decline started on 7th Feb, together with US stock market in general. It has nothing to do with "Reddit siding with Musk".
It does when you compare it to the market average.
You can't make any decisions across one month only.
You can make comparisons, all boats are sinking, but a few of them are tied together, and one of the captains has a corkscrew.
What, you want them to wait until supporting fascism pays off?
Wut?
Must be some hell of insider trading, shorting the stock and driving reddit to the ground cause there is no other explanation why they would keep making more stupud decisions
I know it's bizarre
The less I hear about that shit hole, the better I feel.
you need to compare this with the market as a whole. the whole market is dropping and it has nothing to do with this
Pay no attention to the cliff, there are plenty of other gentle slopes around here.
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Reddit seems like the worst company to invest in. The only thing they have of value is content created by other people in the past.
It’s not like the other social media platforms where people get trapped there for various reasons. Companies stay on Twitter, for instance, because they have followers and marketing that depends on it. I stay on instagram cause my wife and kids share things as well as organizations.
There was nothing keeping me on Reddit outside of the content. I don’t need to be on Reddit to get that content. And enough people have left Reddit and started building that content on Lemmy.
The only thing they have of value is content created by other people
This works great for YouTube, but Google is arguably the biggest ad company in the world. Just because an ad company with a sideline in user-generated content can make it work doesn't mean that a user-generated content company trying to figure out advertising can make it work.
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Good. Fuck em.
Man is that overvalued as fuck.
I would need to verify the timelines but I am pretty sure this has jack all to do with Luigi Mangione
And... maybe look at the stock market as a whole. Again, grain of salt without a proper analysis, but this doesn't look much different than the entire stock market that is constantly fluctuating as we wonder what industries will get hit the hardest by the hourly tariffs and which are going to get exemptions and so forth.
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