Comment on Reddit stock falls for second day as references to its content in ChatGPT responses plummet
NuXCOM_90Percent@lemmy.zip 6 days agoWhile I don’t agree with the reddit valuation to begin with…
that is actually how the stock market “should” work? Reddit is a company that, at its core, produces data to sell to other companies. If other companies choose to (say they are not going to) use that data, then the value of reddit drops. That is literally supply and demand.