Submitted 14 hours ago by King@blackneon.net to [deleted]
https://i.imgur.com/hwKBU8G.png
Source: Robin Hood.
Reddit isn’t alone. Any company that gets a lot of traffic from Google is feeling the impact.
Reddit YoY profit is quite strong, but daily active users is softer than expected. A lot of people suspect that they, like many other companies that depend on SEO for a chunk of users, are being impacted by LLMs.
Many questions that would normally get answered in Reddit start and end in GPT or Gemini / AI overview.
Yup Websites put newspapers out of business, LLMs will eventually put most websites out of business IMO. Websites will eventually be no more than data sources for LLMs. Whoever owns that one LLM that people use will have the income of all the websites that somebody currently visits, combined.
There’s a ton of that going on now. 20.1 mil $ value was 591,000 shares or so.
All the C-suite officers are selling when the market pops and buying back when it dips. Yesterday the share values jumped over 20 bucks.
There is definitely some gaming of the stock going on.
Wait, you telling me volatile stock market is volatile?
Who could possibly predict such a thing?
Oh, it’s more than that. Reddit seems unusually bouncy.
Lots of stuff has been down. Especially tech stocks.
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.
Not enough, you gotta pump down those numbers, those are rookie numbers
why would someone want stock on that?
oh I see that comment applies to basically everything on the market today, so nevermind.
To zero!!
Best i van do is $0.03
DioramaOfShit@lemmy.world 2 hours ago
In other news. Reddit is up 400% since it’s ipo