Comment on Reddit stock falls for second day as references to its content in ChatGPT responses plummet
rafoix@lemmy.zip 8 hours agoReddit shareholders also own a lot of shares in much more lucrative industries.
Comment on Reddit stock falls for second day as references to its content in ChatGPT responses plummet
rafoix@lemmy.zip 8 hours agoReddit shareholders also own a lot of shares in much more lucrative industries.
BakerBagel@midwest.social 5 hours ago
I didn’t ask about their other shares. I asked how Reddit’s soft power is able to actually benefit shareholders. I understand how it benefits Spez and those who make the actual decisions at reddit, but if I own 400 shares of Reddit, how do i actually benefit since Reddit will never pay a dividend since it will never actually be profitable
rafoix@lemmy.zip 5 hours ago
The people in power don’t care about people with a few shares. You can sell all your shares right now and nobody would notice.
Reddit’s power benefits whomever wants to push an agenda and a narrative while minimizing any info that could counter that.
BakerBagel@midwest.social 5 hours ago
How is that any different than what i initially said?