RDDT plummet - overwrought or omen?

Vindicated? I think so, and if I'm right it means you shouldn't go long in RDDT.  In the early 2020s I thought to myself that if RDDT ever got listed I would short it but didn't notice it listed until a year later. I noticed because of headlines about it plummeting under 200. I wrote that I was shocked to see it ever made it that high and that it would go below 100. I profited with an 80$ put to back that up (my first ever experiment with buying contracts.)  As we all see RDDT, then surged back over 200 twice. And the fanboys (at least here in reddit) came out in droves. One even saying he steadily profits buying under 200 and selling over 200. Hope he didn't load up again after the third time. At first I asserted the initial decline was because reddit is a shitshow. The [pushback I got there](https://www.reddit.com/r/stocks/comments/1mlf06m/rddt_which_advertisers_are_paying/) was that advertisers on it are making money and that RDDT was only going to grow - hugely (as well as smug and smarmy replies.. as if they wished to confirm the shitshow aspect.) I hadn't researched the advertiser revenue yet, so I did. I can't go through all their balance sheets, but I read enough to learn how that works and it led me to surmise Advertisers can only make an educated guess, throw money at it, and then see how much (if any) new revenue can be tracked to that advertising expense. So I posted that's how the downfall would start; that eventually Advertisers would determine they don't make much from this platform, certainly not enough to keep pouring in good money after bad. Am I right? Certainly not as wrong as the wisecrackers wanted to think. Time always tells the truth. For RDDT I say that will be sooner than later, given Digg and Youtube impacts,such as this article mentions and [the cited analyst in it seems to be seeing what I was predicting](https://finance.yahoo.com/news/reddit-stock-tumbles-9-analyst-141122057.html).