If they were just talking about Reddit, I’d assume something dodgy was going on connected with the IPO. But Quora is supposedly back from the dead too… Am I missing something glaringly obvious here?

    • AggressivelyPassive@feddit.de
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      9 months ago

      Its share price doesn’t matter in this context, since Meta also owns Instagram, which is absolutely not going downhill at the moment.

      Facebook however is losing active users, especially in the younger age ranges and even more pronounced in Europe and the US.

    • Omega_Haxors@lemmy.ml
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      9 months ago

      Stock price isn’t a representation of the current value of a company, it’s the projected value of a company down the line.

    • originalfrozenbanana@lemm.ee
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      9 months ago

      Enron’s share price was very high right up until the end, too. Share price is not necessarily a good indicator of underlying fundamentals