I’d love for someone to buy as much Reddit stock as possible and make Reddit answer to any ridiculous demands.
General rule for posting stock prices: sometimes things are obvious when you zoom out a bit.
In this particular case, Reddit stock price is still up several percentage points from the Trump rally that affected just about every tech stock after 2024-10-30 about. Same applies to other stocks like Tesla.
So at this point it’s nothing more than a return to normal. No need to attribute anything more to it. But sure, if this descends keeps going for some time more, it’ll be different.
Interesting! I didnt know that so many tech stocks were impacted on that date. Is there anything special about the start date of reddit’s stock decline? Or was it simple a “straw that broke the camel’s back” situation, where some insignificant thing started the downward trend?
Now what I under understand (not condone) is the reddit leadership trying to cash out.
What I cant understand is why a VC / big investor would want to touch it with a 10ft pole. There is nothing unique or proprietary on Reddit. Its value commercially is in the existing content and paid ads. With ads you’re limited because you can only saturate so much before you see user drop off.
Now they took it one step further and are censoring the content creators that make it all possible in the first place. As if anyone is stuck on that site - I know I’m not.
Anyway - nice to meet everyone. Fled digg for Reddit; now thankful this island appeared after fleeing once again.
Reddit has a huge user base, that is their value. They generate a lot of data every second, which can be sold. Of course this is technically possible on other platforms, but they do have it right now right here.
I get that, but long term investors need to be confident that the user base will stick after continuing to erode the platform.
That’s the part I have no confidence in. Will they make money for the short term? Absolutely, and a lot of people will get rich. But in 5-10 years?
I joined reddit ~15 years ago and there was already a very large, active userbase. It’s not a young platform, and there have been multiple protests against them by their users, yet reddit is still very much alive. I don’t think the confidence from investors is unfounded. Pissing off their users has kind of proven that there isn’t a real competitor out there.
We’re in the minority of users who have actually gotten fed up with them to the point of finding an alternative. Most people will complain but still stick around and stay active on reddit. They get new users daily who don’t know reddit as anything other than what it is now. People generally don’t care.
As is, I don’t see them going out of business anytime soon. If they continue to make ridiculously idiotic business decisions they might, but that’s on-brand for them at this point.
I can see it going either way.
That’s why I’m here now.
Welcome!
A lot of overpriced stocks are pulling back. A recession is bad for ad dependent media.
How the heck were they ever valued at $US200 per share?
Edit: (from ~$34. Market cap 6.4B initially, at $200US I estimate as ~36B, here shows a high of $38B)
the price is supposed to be based on future valuation
Price of the share is irrelevant. Please reference market cap.
Edited to include more info, thank you for pointing it out. I’d known in my head the share price started in lower double digits without major changes in supply of shares, added it all for context.
Putting the red in reddit.
Unfortunately the it already left when I signed up here a couple of years back.
Yep if they remove/ban us for gaslighting us in to policing our free speech we remove them!
Free speech for the parasitic class of exploiters censoring for the 99%, no war but class war. It’s not left verses right it’s top verses bottom.
Fuck pacifism especially during tyranny and oppression don’t obey in advance we have only gained rights through disruptive riots and other direct actions . Luigi #Luigi @Luigi
If you back out the view to 6+ mo. it matches the overall decline of the market in general. You could grab many stocks and ask the same question and it would be correlation, but not any cause by the particular company.
Missed numbers. But the overall market is tanking.
Uhh guys I hate reddit too but the entire economy is tanking.
This isnt a reddit thing and has nothing to do with reddit itself
Compare to s&p 500, nyse, NASDAQ, etc.
It’s down all around but not 40% down
Not yet anyway
When you start banning long-term users over bullshit. This happens. Hope it crashes and burns all the way to the ground.
Pretty simple - same folks who bought Xitter and Trump are pulling their $ out until Reddit starts censoring shit they don’t like. It’s not a coincidence that “Luigi” became a banned word last week.
Fuck the Y graph doesn’t start at zero though.
Nah man, skipping keeps my data legible so you can clearly see trends
I’m all for shitting on Reddit, but the overall market has cratered in the past week or so. Everything is down a ton. This is just cherry picking situational graphs to push an anti reddit agenda. Again, fuck Reddit, but at least make an effort…
Yes, but 40% is insane. Thats not just the markets 1-2% blood red days
I mean it’s not rare for tech lol. Nvidia is down an absolute fuck ton too. Same with AMD.
Also the entire market is down closer to 10%. The market being down 2% in a day is the overall market indexes. There are wild variances in that number per individual company.
It was wildly overvalued to begin with. Even at 40% down its overvalued. It has a negative EPS. It can be replaced with a ragtag group of federated instances.
Its not worthless, but its not worth 133 a share cmon…
When there’s a sellout “meme” and tech stocks with a lot of hype are amplified, and Reddit is 100% that.
See: it’s still up 165% over a year. The gyrations are insane and not tethered to its actual value, but basically a bunch of gamblers.
