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
Also, the uncertainty should have been strong in import export or related companies. Tariffs causing issues, right? Reddit should have been somewhat resistant to that type of speculation.
Fuck Spez, and all that, but really, this chart isn’t much different from nearly every stock for the same time period.
I think that dip has more to do with Trump creating uncertainty in the market overall than any specific Reddit trend/policy.
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.
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 coincidentally happens concurrently with the purges
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”?
Also, the uncertainty should have been strong in import export or related companies. Tariffs causing issues, right? Reddit should have been somewhat resistant to that type of speculation.