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.
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.
I don’t think they are trying to sabotage their own products. It really is that they’re not smart enough to see where is the value is. And this is kind of understandable, right? The underlying software has been copied already. It’s out there. If that company has value it’s only the user base. But that puts management in the strange situation where everything they are doing to make money is making their own product worse. And they kind of know it, right? But they can’t admit it. They can’t think about it clear. Their own mental stability relies on ignoring the obvious truths that they see and read every day.