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Reddit’s 50% Plunge Fails to Entice Dip Buyers as Growth Slows. (finance.yahoo.com)

submitted 4 days ago by [email protected] to c/[email protected]

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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.

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[–] [email protected] 27 points 3 days ago (7 children)

I just don't understand why a person would choose to invest in Reddit. What exactly is the value proposition here?

[–] [email protected] 7 points 3 days ago (3 children)

They source the data for AI.

However, their owner is a duck so he's prob gonna atrophy users away, so it's not an investment you'd go long on.

I'm so glad it will create and burn ever since they prevented RIF from working for their own ad-ridden version to be used.

[–] [email protected] 3 points 2 days ago

I discovered the fediverse because I used Boost for porn subs before the API debacle.

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