In fairness, reddit probably would have taken a haircut anyway because the tech sector is slowly returning to some semblance of sanity.
But I also feel that any institutional investor who isn't watching the headlines deserves to lose their shirt. Clearly there's a problem with us users and former users having a beef with corporate decisions. And that obviously will have a trickle-down effect on engagement and therefore advertisement revenue.
In fairness, reddit probably would have taken a haircut anyway because the tech sector is slowly returning to some semblance of sanity.
But I also feel that any institutional investor who isn't watching the headlines deserves to lose their shirt. Clearly there's a problem with us users and former users having a beef with corporate decisions. And that obviously will have a trickle-down effect on engagement and therefore advertisement revenue.
save