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.

  • angrystego@lemmy.worldEnglish
    1·
    3 days ago

    I’m definitely in a bubble, not in a terminally online one though. I’d say I exist in two sphears that don’t overlap personally, rather spacially around me. One of them is an intellectual bubble that is overwhelmingly but not to a 100% full of people who oppose fascism of any flavour. The other one is a manual labourer or simple job worker bubble - I see a lot more diversity there, many people falling for different kinds of propaganda, superstition, fearmongering. Some of those are already hardcore nazis, some of them are sympathizers in some ways. They usually get informations from the TV, newspapers and friends, partially online as well - mostly Facebook.

    • Pirata@lemm.eeEnglish
      1·
      3 days ago

      The other one is a manual labourer or simple job worker bubble - I see a lot more diversity there, many people falling for different kinds of propaganda, superstition, fearmongering. Some of those are already hardcore nazis, some of them are sympathizers in some ways.

      That’s fine, I’m not gonna disagree with this, however I don’t see these people as a large, organized group that is bigger than the anti-Israel, anti-Russia status quo.

      They usually get informations from the TV, newspapers and friends, partially online as well - mostly Facebook.

      From TV, really? Maybe if you’re talking about Fox News… That sort of TV doesn’t exist in most European countries, Thankfully.

      From the internet though yeah, i agree. But again, these aren’t apolitical people at that point, if they are getting so involved in political discussions like that.

      • angrystego@lemmy.worldEnglish
        1·
        3 days ago

        I’m from Europe. I don’t know any completely apolitical people, really. Everyone has heard of some political topic and most of the topics make people feel strong emotions, based on which they form their opinions. In my country, the people from group 2 are not organized by themselves, but they are being successfully manipulated by rich populists. They are the majority and they are the group you need to win over to win any elections.

        • Pirata@lemm.eeEnglish
          2·
          3 days ago

          I understand your fears, I really do.

          Its just… I don’t think we’re totally lost yet, thank God. I’m hoping people keep being somewhat aware that fascism is not the way, even if it’s being increasingly promoted on the internet.

          Let us do our part as well. Keep boycotting the US, keep protesting against Israel and Russia in public. There is little else we can do, but these things are powerful on their own as long as we don’t lose momentum.