Comment on Reddit stock is down 1.99% over the past 3 months

Ghostalmedia@lemmy.world ⁨4⁩ ⁨weeks⁩ ago

• King@blackneon.net ⁨4⁩ ⁨weeks⁩ ago

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  • Ghostalmedia@lemmy.world ⁨4⁩ ⁨weeks⁩ 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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