Is the recent dip in Reddit (RDDT) a great buying opportunity, or is there more downside ahead?

I’ve had Reddit on my watchlist for quite some time now. After peaking well above $280 last year, the stock has taken a pretty significant hit and is currently sitting around the $141 mark. Given the massive pullback, I’m seriously considering opening a position here, but I wanted to get the sub's take on the current risk-to-reward ratio.

The recent Meta panic will not last I feel as Zuckerberg will find new shining thing and will move on from this?