Reddit stock falls for second day as references to its content in ChatGPT responses plummet
https://finance.yahoo.com/news/reddit-stock-falls-for-second-day-as-references-to-its-content-in-chatgpt-responses-plummet-135203534.html
38 points · 5 comments · view on lemmy.world
5 Comments
oneser@lemmy.zip · 9 pts · 313d
Up 330% from their IPO, so this is likely just a correction if anything meaningful at all.
Alexstarfire@lemmy.world · 5 pts · 313d
I did not understand why Facebook stock took off and I don't understand why this one did either.
oneser@lemmy.zip · 3 pts · 313d
Considering it's priced at like 110x it's earnings, I'd say mostly speculation on potential/future advertising revenue?
gravitas_deficiency@sh.itjust.works · 8 pts · 313d
Man, the things that influence stock prices these days can get pretty fucking stupid
A_norny_mousse@feddit.org · 6 pts · 313d
Always have been. Stock market is basically a bunch of panicky and drugged rich guys who follow in droves whatever the hype is.
Have you ever seen a group of 5-year-olds trying to seat themselves in a circle? They cannot do it. One of them will change seats to sit with their friend, which invariably causes a cascade until all the kids sit bunched at one side. Then the complaining about not having enough space and the elbow shoving starts.
That's the stock market.