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.

  • jaschen@lemm.eeEnglish
    18·
    3 days ago

    So I work in advertising for a company that is top 20 on the Fortune 500. We advertise everywhere including Reddit.

    The returns on Reddit isn’t even very good. We still spend money there as a pure name recognition play.

    As of now, for the company I work for, it’s not working.

    • Ledericas@lemm.eeEnglish
      2·
      3 days ago

      I heard another forum where people are doing the same as you, they lost thousands of accts because of the purges. It’s really tricky now, you have to make sure accounts are legit enough to pass the reddit filters

    • Paper_Phrog@lemmy.worldEnglish
      1·
      3 days ago

      Same, only based on VTC do we get the returns. It’s not the best platform, but what are you going to do expansion wise else?