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Most tech companies are down 40% from their peak still unless they are part of this ai hype train.

Big difference between tech giants making software used by businesses and a glorified message board

Not really, all comes down to "are they making money?"

That's not far off tech in general though

To be fair most every growth tech company took a pretty big haircut. Some value has returned to the stronger players recently. However, weaker ones are still well off ATHs. Will be interesting to see how Reddit looks.