in case you wanted a good news, Reddit stock is down 1.99% over the past 3 month

Comments

• foodandart@lemmy.zip ⁨5⁩ ⁨days⁩ ago

  There’s a ton of that going on now. 20.1 mil $ value was 591,000 shares or so.

  All the C-suite officers are selling when the market pops and buying back when it dips. Yesterday the share values jumped over 20 bucks.

  There is definitely some gaming of the stock going on.

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  • de_lancre@lemmy.world ⁨5⁩ ⁨days⁩ ago

    Wait, you telling me volatile stock market is volatile?

    Who could possibly predict such a thing?

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    • foodandart@lemmy.zip ⁨5⁩ ⁨days⁩ ago

      Oh, it’s more than that. Reddit seems unusually bouncy.

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• simplejack@lemmy.world ⁨5⁩ ⁨days⁩ ago

  Reddit isn’t alone. Any company that gets a lot of traffic from Google is feeling the impact.

  Reddit YoY profit is quite strong, but daily active users is softer than expected. A lot of people suspect that they, like many other companies that depend on SEO for a chunk of users, are being impacted by LLMs.

  Many questions that would normally get answered in Reddit start and end in GPT or Gemini / AI overview.

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  • SubArcticTundra@lemmy.ml ⁨5⁩ ⁨days⁩ ago

    Yup Websites put newspapers out of business, LLMs will eventually put most websites out of business IMO. Websites will eventually be no more than data sources for LLMs. Whoever owns that one LLM that people use will have the income of all the websites that somebody currently visits, combined.

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• Ghostalmedia@lemmy.world ⁨5⁩ ⁨days⁩ ago

  Lots of stuff has been down. Especially tech stocks.

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  • King@blackneon.net ⁨5⁩ ⁨days⁩ ago

    Image

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    • Ghostalmedia@lemmy.world ⁨5⁩ ⁨days⁩ ago

      Look at the indexes, not the individual stocks. Things are rebounding, but a massive slide started at the beginning of this month.

      One of the big drivers is fear of an AI bubble. A lot of stocks that hitched their wagon to AI are down a lot. Reddit has some vulnerability there.

      Also, it’s 2% for one company. Reddit has been pretty flat for the last 2 months. 2% is totally inline with natural variation.

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• flamingo_pinyata@sopuli.xyz ⁨5⁩ ⁨days⁩ ago

  Not enough, you gotta pump down those numbers, those are rookie numbers

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• DioramaOfShit@lemmy.world ⁨5⁩ ⁨days⁩ ago

  In other news. Reddit is up 400% since it’s ipo

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• crazycraw@crazypeople.online ⁨5⁩ ⁨days⁩ ago

  why would someone want stock on that?

  oh I see that comment applies to basically everything on the market today, so nevermind.

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• realitista@lemmus.org ⁨5⁩ ⁨days⁩ ago

  To zero!!

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• eager_eagle@lemmy.world ⁨5⁩ ⁨days⁩ ago

  Best i van do is $0.03

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