Reddit’s 50% plunge fails to entice dip buyers as growth slows

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Hackers from the BlackCat ransomware gang are threatening to leak 80 gigabytes of confidential data from Reddit. Mandatory Credit: Rafael Henrique/SOPA Images/LightRocket/Getty Images

The gloomy sentiment around Reddit Inc. has failed to dissipate after its shares fell 50% from a February high, with volatile technology stocks under pressure.

Originally published at Bloomberg