this post was submitted on 31 Jul 2026

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Reddit stock tumbles the most on record as lack of new AI deals, US daily users metric disappoints (finance.yahoo.com)

submitted 2 months ago by themachinestops@lemmy.dbzer0.com to c/technology@lemmy.world

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[–] bandanawearingbanana@lemmy.world 4 points 2 months ago (4 children)

Why the hell is Reddit publicly traded? Like what is the product even?

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[–] Ep1cFac3pa1m@lemmy.world 6 points 2 months ago

Well the product was the users, but since it’s mostly bot traffic now I’m not really sure ¯\_(ツ)_/¯

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[–] EnchiladaRaisins@lemmy.zip 3 points 2 months ago

Everybody now! "If the service is free to you, then you are the product!"

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[–] Tollana1234567@lemmy.today 1 point 2 months ago

they went public 1-2 years ago, spez wanted to be "richer" so he sold off some shares,which made him richer.

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[–] isleepinahammock@lemmy.blahaj.zone 0 points 2 months ago

The same could be said for newspapers.

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