this post was submitted on 28 Mar 2025
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Reddit’s 50% Plunge Fails to Entice Dip Buyers as Growth Slows. (finance.yahoo.com)
submitted 4 days ago by Tea@programming.dev to c/technology@lemmy.world
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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.

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[–] Diplomjodler3@lemmy.world 163 points 4 days ago (2 children)

They all cashed out after the IPO. They're probably laughing at the bag holders right now.

[–] namingthingsiseasy@programming.dev 38 points 4 days ago (2 children)

There may still be lawsuits, however. There are still many ways that he could lose a lot of what he gained.

[–] db2@lemmy.world 30 points 4 days ago

🤞

[–] TheEighthDoctor@lemmy.zip 1 points 3 days ago

I think you mean presidential pardons

[–] Ledericas@lemm.ee 4 points 3 days ago

i remember spez and his c-suites dumped the stock a while ago.