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ylai@lemmy.ml to Reddit@lemmy.mlEnglish · 1 year ago

Reddit shares plunge almost 25% in two days, finish the week below first day close

www.cnbc.com

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Reddit shares plunge almost 25% in two days, finish the week below first day close

www.cnbc.com

ylai@lemmy.ml to Reddit@lemmy.mlEnglish · 1 year ago
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Reddit shares are plummeting from the rally highs experienced after the social messaging company's IPO last week.
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  • kadu@lemmy.world
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    1 year ago

    Reddit emailed me to buy their shares even though I had deleted my account, which should be protected by LGPD (brazilian GDPR) and therefore my email should no longer be stored. Fun times.

    • Ghostalmedia@lemmy.world
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      1 year ago

      Did you make the request to delete your data? Simply deleting the account is usually not enough.

      https://www.reddit.com/policies/privacy-policy?rdt=34844#policy-h2-7

    • takeda@lemmy.world
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      1 year ago

      The shares they offered to redditors were meant to drive price up in case it would tank on the first day. Once it looked good they rejected purchases.

      Looks like they now want people to bump the price now (if I understand you correctly)

  • mercano@lemmy.world
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    1 year ago

    What stock is going to crash faster, Reddit or Truth Social?

    • takeda@lemmy.world
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      1 year ago

      Reddit went public earlier, on the other hand truth social doesn’t generate much of revenue, on the other hand foreign entities could purchase truth social stock.

  • DirkMcCallahan@lemmy.world
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    1 year ago

    Perhaps they shouldn’t have driven away a significant number of their most engaged content creators.

  • expatriado@lemmy.world
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    1 year ago

    only 25%? still some ways to go

  • andri@lemmy.world
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    1 year ago

    Folks just taking profit

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