Comment on Reddit stock is down 1.99% over the past 3 months
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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.
Ghostalmedia@lemmy.world 2 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.