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 6 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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[–] CosmoNova@lemmy.world 8 points 5 days ago

It currently belongs to Viant Technology LLC, an advertising company that's deeply invested into the AI bubble. Perhaps they'll sell it off after the crash but honestly, MySpace's downfall and sellout is kind of what's wrong with Internet culture anyway so I don't see any benefit in a restart. I'd rather see a complete reset.