Reddit’s 50% Plunge Fails to Entice Dip Buyers as Growth Slows
finance.yahoo.com
(Bloomberg) -- The gloomy sentiment around Reddit Inc. has failed to dissipate after its shares fell 50% from a February high, with volatile technology stocks under pressure. Most Read from BloombergGold-Rush Fever Returns to Historic New Zealand Mining TownWhat Frank Lloyd Wright Learned From the DesertBank Regulators Fight for Desks as OCC Returns to New York TowerThese US Bridges Face High Risk of Catastrophic Ship StrikesCharter Schools, Colleges Push Muni Debt Distress Near RecordThe social

The gloomy sentiment around Reddit Inc. has failed to dissipate after its shares fell 50% from a February high, with volatile technology stocks under pressure.

  • JayGray91@lemmy.zipEnglish
    8·
    6 days ago

    Feels that way to me. I wasn’t there like at the very beginning, but was able to be in a few small subreddits turn big. Some turned to shit, some turned okay. Lemmy/mbin a.k.a. threadiverse seems like it was before my time I started with reddit

      • JayGray91@lemmy.zipEnglish
        1·
        6 days ago

        I didn’t want to put piefed yet since it’s still developing, but pretty fast and hard to give them credit. Is one I most looking forward to because of their topics and feeds. I thought I’d appreciate mbin having built in sorry for microblogs, but I didn’t even explore much of it

        • OpenStars@piefed.socialEnglish
          3·
          5 days ago

          Yeah I was excited about Kbin.social as well, both for not being developed by political extremists and for having more capabilities. However, like you I never ended up using that whole microblogging style bc I simply prefer the Threadiverse format so much more.

          PieFed is indeed developing FAST! But there are minor to moderate annoyances while trying to use it so yeah, I understand people not being ready for that yet. Fwiw, if you were just wanting to avoid being on the server that uses the bleeding edge codebase (PieFed.social), there are a few others, namely https://feddit.online/ (for the list of others see here: https://join.piefed.social/try/, with additional information at https://piefed.fediverse.observer/list).

          It’s fantastic to have choices, whether we decide on PieFed, Mbin, or Lemmy to meet our needs on the (Threadi-)Verse!:-)

        • OpenStars@piefed.socialEnglish
          2·
          6 days ago

          It’s better than Reddit, badumtis!

          (Yeah, a very low bar indeed) When was the last time you tried it? It gets better literally weekly.

          Genuinely there are elements that I prefer using in Lemmy, and other elements I prefer PieFed, with the balance overall being 90:10 PieFed to Lemmy. And PieFed is growing by leaps and bounds. Lemmy is growing too but more slowly (it also might end up being more stable at larger scales - I dunno, though PieFed also sends like 25x less data per post iirc so the reverse could rather be true).

          Still, use whichever you prefer - the Fediverse is fantastic in offering us so many choices, all for free! Much respect to the dev teams of both, and Mbin too, as well as instance admins and most mods who donate their time to keep it all going!