Reddit’s 50% Plunge Fails to Entice Dip Buyers as Growth Slows.
Reddit’s 50% Plunge Fails to Entice Dip Buyers as Growth Slows.
(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 BloombergGold-Rush Fever Returns to Historic New Zealand Mining TownWhat Frank Lloyd Wright Learned From the D...
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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at this point Elon should buy it too, drive it to ground like Twitter.
Huffman needs exactly 0 help to run reddit into the ground. He's been doin' it for years.
It's actually kinda nice that he's not going full nose-dive straight into the ground. Getting a steady stream of users is better for Lemmy's culture, than a full exodus event, imo. It gives us a chance to not be reddit, but something better.
I don't like that solution because that means Huffman walks away with a golden payday instead of losing it all.
Maybe he'll get bored with retirement, have a mid-no-life crisis and the resulting breakdown will generate some interesting news stories.