We recently compiled a list of the 10 Firms Suffer Steep Downfall on Monday. In this article, we are going to take a look at where Reddit, Inc. (NYSE:RDDT) stands against the other stocks. Ten companies kicked off Monday’s trading in a bloodbath, mirroring the broader market pessimism, with valuations slashed by double digits mostly due […]
  • 9point6@lemmy.world
    3·
    2 months ago

    Everything of value on Reddit was posted by people who have left

    A lot of those people left for here

    • hyperhopper@lemmy.world
      0·
      2 months ago

      Disagree, as somebody that started on reddit 15 years ago who now browses Lemmy daily, I still read and post there more because there is more content and discussion.

      People that say otherwise are living in a Lemmy or bluesky bubble

      • Hylactor@sopuli.xyz
        0·
        2 months ago

        You’re most certainly part of the problem. You’re like someone who complains about local restaurants closing, but keeps buying drive through. Reddit isn’t better, it’s merely easier, but it’s also a terrible value and bad for your health.

        There is nothing positive that Reddit is capable of, that Lemmy is not. It all comes down to shifting the audience. Lemmy keeps improving, while Reddit keeps getting worse. All Reddit has is inertia, the energy of which came from a distant, nearly forgotten push. Put some time and effort in, help build something rather than merely consume it.

        • hyperhopper@lemmy.world
          0·
          2 months ago

          Here I am “supporting the local restaurant” but already am sitting at -20 points in an hour for stating my experiences.

          On reddit there are more posts I wouldn’t have seen otherwise, and more opinions and people to talk with. There aren’t dozens or hundreds of people here discussing very niche hobbies, places, or events on an hourly or daily basis like there are on reddit. I buy the hamburger at the local restaurant when I can, but when I need a graphics card delivered next day, my mom-and-pop local computer store that sells to senior citizens has never even heard of a 5090.

          • Leraje@lemmy.blahaj.zoneEnglish
            0·
            2 months ago

            1. Stop giving a shit about fake internet points, they literally mean nothing.

            2. “Its dead in here” says person who never contributes anything except to complain how dead it is.

            • hyperhopper@lemmy.world
              1·
              1 month ago
              1. I don’t care about fake Internet points. But a comment sitting at such a negative score so quickly shows the community does not welcome my content.
              2. That’s just incorrect.
  • toy_boat_toy_boat@lemmy.worldEnglish
    0·
    2 months ago

    Reddit crashed on Monday because Hoffman thinks he can fuck with investors like a trillionaire can. Do I need to put the clap hands in between all the words, too?

  • Cocodapuf@lemmy.world
    0·
    2 months ago

    Lol, finance (and thus financial reporting) is so braindead.

    I’ll summarize the whole article: Why did RDDT crash? “Because the stock price went down. Some people sold the stock, so more people sold it, now the price is lower”

    Thanks Yahoo finance, this is the journalism we rely on you for…

    • jsomae@lemmy.ml
      01·
      2 months ago

      People selling the stock does not cause the stock value to lower. For every sale there is a purchase. What causes the stock to lower is people willing to sell for cheaper.