919
Reddit stock falls for second day as references to its content in ChatGPT responses plummet
(finance.yahoo.com)
This is a most excellent place for technology news and articles.
Well, that and the P/E is 180. Typical target P/E on a stock is 15-20, depending on your anticipation of its growth. But we're expected to believe Reddit's earnings will be 9x their current income in... some nebulous amount of time?
Like, its silly to get excited about a company this hyperinflated seeing a tiny slide off its new peak. But also, you can't help be bearish on a firm this flimsy.