• Azwing@lemmy.world
    0·
    7 days ago

    I mean things could not matter potentially but I left Reddit permanently and came here cause of this.

  • UnderpantsWeevil@lemmy.worldEnglish
    0·
    7 days ago

    They have a price that’s still hundreds of times above their earnings. The stock is comically overvalued. It isn’t crashing and it has nothing to do with Luigi posting. Air is just coming out of an equities market that’s been hyper-inflated since before COVID.

        • AngrySquirrel@lemm.ee
          0·
          7 days ago

          Yeah, they gave me a three day ban a few days ago, so I joined here. I have no plans on going back ever. I uninstalled the reddit app. I had been on that site to some degree for more than half my life.

          • TronBronson@lemmy.world
            0·
            7 days ago

            Same lol. I just had to ban evade and say that last patriot comment about amplifying the idiots and supressing the dissenters is not how we should run a democracy. Boom permaban. Do not question reddit moderation policy. It’s worse than luigi.

  • Billonthehill@lemmy.worldEnglish
    0·
    7 days ago

    Given that Xitter is going down the proverbial toilet, I am surprised Reddt didn’t see the risks in turning their platform into a right-wing cesspool.

  • ladel@feddit.uk
    0·
    9 days ago

    I didn’t even know they did their IPO yet - I knew they were planning it for years though.

  • danc4498@lemmy.worldEnglish
    0·
    9 days ago

    Reddit seems like the worst company to invest in. The only thing they have of value is content created by other people in the past.

    It’s not like the other social media platforms where people get trapped there for various reasons. Companies stay on Twitter, for instance, because they have followers and marketing that depends on it. I stay on instagram cause my wife and kids share things as well as organizations.

    There was nothing keeping me on Reddit outside of the content. I don’t need to be on Reddit to get that content. And enough people have left Reddit and started building that content on Lemmy.

    • merc@sh.itjust.works
      0·
      8 days ago

      The only thing they have of value is content created by other people

      This works great for YouTube, but Google is arguably the biggest ad company in the world. Just because an ad company with a sideline in user-generated content can make it work doesn’t mean that a user-generated content company trying to figure out advertising can make it work.

  • nutsack@lemmy.dbzer0.comEnglish
    0·
    9 days ago

    you need to compare this with the market as a whole. the whole market is dropping and it has nothing to do with this

  • ennof@feddit.orgEnglish
    0·
    9 days ago

    Are those the reasons for the drop though? I’ve been completely oblivious to this.

  • NuXCOM_90Percent@lemmy.zip
    0·
    9 days ago

    I would need to verify the timelines but I am pretty sure this has jack all to do with Luigi Mangione

    And… maybe look at the stock market as a whole. Again, grain of salt without a proper analysis, but this doesn’t look much different than the entire stock market that is constantly fluctuating as we wonder what industries will get hit the hardest by the hourly tariffs and which are going to get exemptions and so forth.

    • misteloct@lemmy.world
      0·
      8 days ago

      I think it’s plausible to have uncertainty as an investor given Musk pressured Huffman into censoring criticism against him. To me, seems like he has some pictures of Huffman that would make his jailbait moderating days look tame.

      • NuXCOM_90Percent@lemmy.zip
        0·
        8 days ago

        You VASTLY overestimate how much anyone cares.

        The president is a rapist with multiple high profile affairs and strong ties to epstein’s pedophile island. It took the better part of four years for people to decide that spending time on a twitter that was increasingly just pro-nazi rhetoric, snuff, and porn was a bad idea… and they only did that because a different corporate owned social media site finally switched to open registration.

        It doesn’t matter what reddit leadership does or might have done. People will use the site until the Influencers switch to a different one. Simple as that.

        • misteloct@lemmy.world
          0·
          8 days ago

          I do think most attempts to explain stock prices is pointless. And it’s just back where it was a year ago.

          But if we’re going to explain any narrative I think this one makes the most sense. I could also try to guess where the price will be in 5 years, which is also impossible. Why not guess 0? If we’re having fun I might as well be optimistic.

          • NuXCOM_90Percent@lemmy.zip
            0·
            7 days ago

            … Okay. If you don’t think there is enough evidence and don’t like the explanation already given (the entire stock market is REALLY volatile right now because of the constant threat and enacting and repealing of tariffs) then… sure. I guess you can choose to make up whatever shit you want because it makes you happy?

            That is totally not an incredibly problematic mindset and one of the root causes of the hellscape we live in.

            • misteloct@lemmy.world
              0·
              7 days ago

              Just explaining the upvotes and why I found it interesting. It’s like astrology, there’s nothing wrong with entertainment. Not everything needs to be correct or rationale. Sometimes it’s fun to act you know? Anyone who thinks they understand the stock market movements is a dunce.

              My astrology reading for you today is a positive mindset, sunny weather and rainbows in your wake. I know you’ll have a rain cloud but it’s fun to pretend! 😜

  • Rhynoplaz@lemmy.world
    0·
    9 days ago

    Fuck Spez, and all that, but really, this chart isn’t much different from nearly every stock for the same time period.

    I think that dip has more to do with Trump creating uncertainty in the market overall than any specific Reddit trend/policy.

    • mmddmm@lemm.ee
      0·
      9 days ago

      Kinda…

      For comparison, the S&P 500 felt 4% on the period, Nasdaq felt 7%. So 30% is really noteworth, Redddit is one of the stocks pulling the index down. But it’s not alone, and blaming it on any random cause isn’t right.

      • Xanthobilly@lemmy.world
        0·
        9 days ago

        Yah, I was going to say the same thing. S&P not only dropped much less, it dropped at a different time and slope. S&P dropped in line with when Trump took office and has been relatively flat. Reddit has been on a constant decline since the start of the year.