- cross-posted to:
- technology@beehaw.org
- cross-posted to:
- technology@beehaw.org
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.
I’m not sure. If you can log in, probably. You can try a GDPR request, but reddit has refused to delete data under GDPR, saying deleting your name off posts and comments is sufficient.