this post was submitted on 28 Mar 2025
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Reddit’s 50% Plunge Fails to Entice Dip Buyers as Growth Slows. (finance.yahoo.com)
submitted 6 days ago by Tea@programming.dev to c/technology@lemmy.world
480 comments fedilink hide all child comments
 

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.

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[–] jaschen@lemm.ee 28 points 5 days ago (4 children)

So I work in advertising for a company that is top 20 on the Fortune 500. We advertise everywhere including Reddit.

The returns on Reddit isn't even very good. We still spend money there as a pure name recognition play.

As of now, for the company I work for, it's not working.

[–] KingThrillgore@lemmy.ml 1 points 4 days ago

Its been documented the return per user on reddit is the lowest of all the social media sites. Nobody will run ads there.

[–] baggachipz@sh.itjust.works 3 points 5 days ago (1 children)

Running the elevator on the Death Star, eh?

[–] jaschen@lemm.ee 3 points 5 days ago

Whatever it takes for me to survive out here.

[–] Ledericas@lemm.ee 2 points 5 days ago* (last edited 5 days ago)

I heard another forum where people are doing the same as you, they lost thousands of accts because of the purges. It's really tricky now, you have to make sure accounts are legit enough to pass the reddit filters

[–] Paper_Phrog@lemmy.world 1 points 5 days ago

Same, only based on VTC do we get the returns. It's not the best platform, but what are you going to do expansion wise else?