Reddit’s 50% Plunge Fails to Entice Dip Buyers as Growth Slows
finance.yahoo.com
(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 DesertBank Regulators Fight for Desks as OCC Returns to New York TowerThese US Bridges Face High Risk of Catastrophic Ship StrikesCharter Schools, Colleges Push Muni Debt Distress Near RecordThe social

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.

  • ExLisperAEnglish
    1·
    2 days ago

    Reddit has proper moderation. As in actual people moderate it. It basically has a lot of content that was verified by ‘experts’. And they do it for free.

    In the age of bots, fake news and AI generated pages Reddit is a pretty good source of actual facts. Search engines lean on it more and more so it means there’s bunch of money in it.

    At least that was the plan. If people will stop moderating there because of politics it’s worthless.