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submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

Fidelity estimates Reddit's holdings are at $15.4 million, which is down over 7% from the fund’s estimates of $16.6 million from this past April.

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[-] SJ_Zero@lemmy.fbxl.net -1 points 1 year ago

Remember that there is a general decline in tech stocks at the moment. A few names are being elevated by the AI boom, but for the most part the party has been over for quite a while now. If you keep an eye open, you'll see stories about a number of different tech stocks declining.

Every time I see such a story, I tend to reply with "why would Elon Musk do this?" Since people acted like Twitter was a unique case being caused exclusively by his leadership, but we've seen massive declines in many companies including Meta and Netflix.

[-] silentdon@lemmy.world 2 points 1 year ago

True but most tech companies have been making their services worse and driving away customers

this post was submitted on 30 Jun 2023
117 points (97.6% liked)

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