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.

Non-paywall link

  • jaybone@lemmy.zip
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    2 days ago

    And this is compliant with GDPR?

    “Your stuff was hidden when you made the delete request. But then later we made it un-hidden so oh well 🤷”

    • The Octonaut@mander.xyz
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      2 days ago

      No, because what he’s describing is a self-run comment editing and deleting script.

      GDPR account deletion works very differently.

      Note I’m not defending Reddit here, as much as anything it’s advice for anyone (like me) who has to go back and re-run the script every few months because of those brave people whose form of protest is very temporarily inconveniencing themselves.