Maybe this is a dumb question, but how does the day to day health of the reddit community affect the stock price? Wouldn’t a simpler explanation be that reddit stock is in decline like most other stocks right now because of the overall market uncertainty?
Stock prices are mostly speculation these days, thay don’t reflect the actual financial standing of a company, but more the public perception of the company. People get pissed at reddit, dump the shares they were holding and the demand drops, so the price goes down.
…I think.
Maybe this is a dumb question, but how does the day to day health of the reddit community affect the stock price? Wouldn’t a simpler explanation be that reddit stock is in decline like most other stocks right now because of the overall market uncertainty?
Stock prices are mostly speculation these days, thay don’t reflect the actual financial standing of a company, but more the public perception of the company. People get pissed at reddit, dump the shares they were holding and the demand drops, so the price goes down. …I think.
Stock indexes, typical stocks, are down about 10% from highs around that period.