themachinestops@lemmy.dbzer0.com to Technology@lemmy.worldEnglish · 20 hours agoReddit stock tumbles the most on record as lack of new AI deals, US daily users metric disappointsfinance.yahoo.comexternal-linkmessage-square339fedilinkarrow-up1787
arrow-up1787external-linkReddit stock tumbles the most on record as lack of new AI deals, US daily users metric disappointsfinance.yahoo.comthemachinestops@lemmy.dbzer0.com to Technology@lemmy.worldEnglish · 20 hours agomessage-square339fedilink
minus-squareSirEDCaLot@lemmy.todaylinkfedilinkEnglisharrow-up35·6 hours agoIf anything this shows how totally fucked equity markets are. Predicted $732MM revenue, reported $805MM (10% higher than projected) Expected 54MM DAU, got 53.2MM (1.5% lower than projected) Expected daily users growth of 130.07MM, actual growth 130.3MM (0.2% higher than projected) So they’re making way more money than expected, but they haven’t sold out their users fast enough so dump the stock?
minus-squareObliviousEnlightenment@lemmy.worldlinkfedilinkEnglisharrow-up6·3 hours agoWhat it is is proof stocks should not be sold to investors. Should be owned by employees. Coops ftw
minus-squareadhdsergio@lemmy.worldlinkfedilinkEnglisharrow-up5·3 hours agoYes but then how will the execs make money
minus-squareSkyezOpen@lemmy.worldlinkfedilinkEnglisharrow-up4·1 hour agoThey can think of something on the way down.
minus-squarekreskin@lemmy.worldlinkfedilinkEnglisharrow-up6·5 hours ago53.2 million daily active users, which is down from 53.5 last quarter. US DAU is shrinking.
If anything this shows how totally fucked equity markets are.
So they’re making way more money than expected, but they haven’t sold out their users fast enough so dump the stock?
What it is is proof stocks should not be sold to investors. Should be owned by employees. Coops ftw
Yes but then how will the execs make money
They can think of something on the way down.
May the gods hear you
53.2 million daily active users, which is down from 53.5 last quarter. US DAU is shrinking.