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.
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.
I agree with the OP that reddit is a dumpsterfire, but when you try to fit reasoning into everything, at some point you come up with something that fits, even though it is nothing but a coincidence.
I seriously doubt investors give two fucks about the content moderation itself
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.
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.
It coincidentally happens concurrently with the purges
I agree with the OP that reddit is a dumpsterfire, but when you try to fit reasoning into everything, at some point you come up with something that fits, even though it is nothing but a coincidence.
I seriously doubt investors give two fucks about the content moderation itself
It’s not going to be representative unless you compare it to the same cohort - tech stocks.
Which is why they mentionned the nasdaq
Do you mean “fell”?