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Reddit stock tumbles the most on record as lack of new AI deals, US daily users metric disappoints
(finance.yahoo.com)
this post was submitted on 31 Jul 2026
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Why the hell is Reddit publicly traded? Like what is the product even?
Well the product was the users, but since it’s mostly bot traffic now I’m not really sure ¯\_(ツ)_/¯
Everybody now! "If the service is free to you, then you are the product!"
they went public 1-2 years ago, spez wanted to be "richer" so he sold off some shares,which made him richer.
The same could be said for newspapers.