Summary

Reddit shares have dropped 50% from their February peak, when the stock had soared over 500% from its $34 IPO price last March.

Much of the early enthusiasm came from AI-related deals allowing Reddit’s content to be used for training models, but recent doubts about long-term growth in the AI sector have dimmed that optimism.

Analysts remain skeptical and some call the stock “super overvalued,” noting Reddit still is not making any money.

Market uncertainty and early investor sell-offs continue to weigh on Reddit and the broader tech sector.

Non-paywall link

    • imvii@lemmy.ca
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      2 months ago

      Same. 11 year old account got banned for saying something. I’m not even entirely sure what it was. They deleted it and gave me the finger.

      Fine with me.

        • antisocialite@lemmy.today
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          2 months ago

          They’ll sweep ban entire comment sections of a submission they don’t approve of and they’re using AI to do it, so there are lots of false positives and dubious reasoning. They’ll send you a message lecturing you on your behavior but delete your comment so you’re left with only a vague idea of what they’re referring to.

      • rice@lemmy.org
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        2 months ago

        I got a 15 year old account banned for logging in via tor… they run a tor website for tor access on the tor network lmfao.

    • WoodScientist@sh.itjust.works
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      2 months ago

      I want to see the comedy-of-errors timeline where Luigi beats the rap based on a technicality or jury nullification…He finally gets out of jail…Then he immediately does it again.