Reddit shares plunge almost 25% in two days, finish the week below first day close
Reddit shares plunge almost 25% in two days, finish the week below first day close
Reddit shares are plummeting from the rally highs experienced after the social messaging company's IPO last week.
This post tightly fits what I want to see in this community. Anti-corporate sentiment and "good news" for non corporate entities.
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Its entire business mode and potential to make profit one day l is 100% dependent on the endless free labour of power hungry, borderline sociopathic, scab mods who used the IPO protest to consolidate their influence and stab all the other mods in the back.
Unless reddit is banking on major AI breakthroughs to replace them, it was always a wild valuation.
LOL love your description of Reddit mods--spot on.
There was an IPO protest?
Probably meant API changes, which was the final step of leading to the IPO, shut out all competing apps using the site