- cross-posted to:
- [email protected]
- [email protected]
- cross-posted to:
- [email protected]
- [email protected]
Summary
Reddit shares have dropped 50% from their February peak, when the stock had soared over 500% from its $34 IPO price last March.
Much of the early enthusiasm came from AI-related deals allowing Reddit’s content to be used for training models, but recent doubts about long-term growth in the AI sector have dimmed that optimism.
Analysts remain skeptical and some call the stock “super overvalued,” noting Reddit still is not making any money.
Market uncertainty and early investor sell-offs continue to weigh on Reddit and the broader tech sector.
You must log in or register to comment.
I remember the early days of Reddit when it really felt like a community project. Back then, they had the goodwill necessary that Redditors would have personally financed a chunk of the costs of running particular Subreddits. Not anymore. That goodwill is gone.
something something live long enough to see yourself become the villain.
Die reddit.
You don’t belong in this world!
I still have no idea why I got permanently banned. The interestingasfuck subreddit said I had multiple violations across accounts—something vague about participating in the Trump subreddit. Apparently, if you so much as post in that subreddit—whether you’re agreeing with them or talking shit to the MAGAts—then go back to interestingasfuck or any other sub with the same rules, they’ll permaban your account. And not just that one—they’ll ban any new accounts you try to make too. So honestly… I guess I DO know why I was banned, but compared to the vitriol I’ve seen on there, mine was not warranted. I’ve even appealed. Fucking hate Reddit now. Cowards.
You were banned because you were obviously a person.
Have you seen the comments lately? Most of it looks like AI bots are replying to AI, upvoted by other AI bots.
You got me really curious so I prompted ChatGPT to give me a redditor style comment that’s anti-Trump followed by another far-left redditor’s reply to it and this is what it gave me:
Original Comment (Left-Leaning Anti-Trump Perspective):
“It’s honestly mind-blowing how Trump still has a cult following after everything. The man was impeached twice, incited an insurrection, and openly grifts his supporters with fake fundraising schemes. And yet, somehow, people still think he’s their ‘savior.’ The cognitive dissonance is off the charts.”
Far-Left Redditor Response:
“Because the system is fundamentally broken. Liberals act like voting blue is enough when the entire establishment—from corporate Dems to the GOP—is complicit in maintaining capitalism’s stranglehold. Trump is just a symptom of the rot. The real solution isn’t ‘vote harder’; it’s dismantling the system that enabled him in the first place.”
^ – this seems to be disturbingly accurate, I can only imagine this being produced at automated scale at this point.
lol
Same with offmychest. Banning people like that is also against reddit tos but reddit couldn’t give less of a shit.
Its a really weird place during elections, they’ve basically banned anyone with the opposing view on enough issues that its a full blown echo chamber. People then go crazy during elections trying to get their guy to win and the echo chamber grows exponentially.
I don’t care about being banned and I never read replies or check my inbox because it’s the internet and I don’t care.
Apparently all you have to do to get banned from Reddit these days is to hope Musk’s penis implant explodes and burns him to death from the dick up. Worked for me!
Yep, someone in another sub once said “I hope your plant dies” and their whole account was permbanned for “inciting violence”. Against a plant. Hysterical. That site is cooked.
I get banned once for saying I wanted to see justice done. “Inciting violence.”
didn’t we post this like two weeks ago, it’s gonna sit in my feed for another week
Honestly reddit is still underrated in terms of social media value but it’s a doomed platform from management pov. Its just so leaderless and spineless rn.
they already made thier bank by selling thier shares a while ago, they dont care anymore.
After the Inauguration, they had a bloodbath in February, permabanning many long-term, high karma accounts like mine (12yrs, 900K+).
These were the members who built Reddit into what it was, and after over a decade of high volume posting without getting banned, suddenly all of us made comments that earned permanent bans in the same month. Yeah, that’s plausible.
Now that they’ve ejected many if the members that made Reddit a lively place to debate, they’re stuck with novelty accounts, puns, bots, Russian Karma Farmers, shitposters, trolls, and general bullshit. I just went over to read some subs I love, and literally the first post I read was complaining about how long they had to scroll to get past the stupid puns to get to the real discussion.
Its been getting increasingly bad for a long time, but apparently it’s gotten far worse lately, now that they decided to get rid of the red meat and go vegan.
I like Lemmy, but they don’t have anything close to the active guitar forums that Reddit had.
Can confirm—I was a member since 2010. Got banned for logically going after MAGATs. Apparently, that’s not allowed anymore. What’s happening to this country—that people don’t even seem to have the cognitive capacity or basic mental equipment to recognize the freedoms being stripped from them in real time—is beyond disillusioning. It’s disappointing, devastating, and honestly hard to watch. And seeing younger generations, raised on flashing lights and internet brainrot, now stepping into adulthood? Oof.
It’s not just the AI bubble, it’s a distinct lack of faith in Huffman and as a CEO. He’s not forward-thinking enough, he hasn’t understood where the company’s value lies, and he’s ridiculously distracted by the latest shiny tech things (reddit NFT avatars, reddit crypto, reddit AI).
I fully expect Google to buy reddit at some point, exclusively harvesting all the info for their search engine, all the content for their AI models, and all the submission/view/voting data for their user profiles (what are you interested in, what do you think of these concepts, where are you connecting from, here are more ads we can send you, and these are arguments that might sway you in purchasing or other decisions).
If Google weren’t under antitrust pressure, I think that would have already happened.
In many ways, a Google owner would probably make Reddit better for a while. Google cares a lot more about the data people are generating than making the site itself profitable. They could afford to run it at a loss for years, whereas Reddit investors want to ensure they make money soon.
But, I’m glad it might not happen. Then again, who knows what will happen to Google and antitrust in the Trump admin, where bribery is now perfectly legal.
Good riddance
deleted by creator
I hope people keep buying and that it keeps losing money. I hope all these assholes investing in it lose a shit ton of money.
Talk about failing to pivot. Reddit was in such a good position to ride the AI bubble. Too bad all of their content had already been scraped. They then alienated their power users and casual users got a peak behind the curtain. New, interesting things don’t start on Reddit anymore. The entire front page is just trump articles and reposts. You can predict all of the top comments because it is the same shit over and over.
deleted by creator
more or less its going to be like facebook and youtube, a propaganda and rage bait farm.
Good, Reddit treats its users like preschoolers. If you say something even slightly against their rules, they ban you.
Just like Lemmy admins do!
Tends to happen when you ban all of your users
He listens to swatsticars guy why would any care any more
Their only utility now is in five year old comment threads discussing niche topics, and that can only stay relevant so long.
Though half the time it’s
deleted
thanks that really solved my problem, you’re amazing!
I still have mixed feelings about deleting one’s whole comment history, though i also did that when I left reddit. it’s the right thing to do, but the amount of information lost because of greedy leadership is super sad.
I still have mixed feelings about deleting one’s whole comment history, though i also did that when I left reddit.
Same. I also did that. Mass edits + delete. I wish there was a way we could collectively move all that history to a non-commercial platform.
it’s the right thing to do, but the amount of information lost because of greedy leadership is super sad.
Also same. I backed up all my user data for sentimental reasons, but that’s hardly enough to be of any utility on its own.
I really did feel like I was participating in a community, and was doing something positive with all my posting. I was just treating reddit like any other forum from my youth, not really thinking how ofc it would become commodified and enshittified.
I feel like such a fucking idiot sucker. Over a decade putting in time outside work, lunch breaks, toilet breaks, morning, evening, just contributing to an IPO package.
don’t feel bad; you were contributing to a community. all the people that updooted your posts were grateful for the advice, laughter, kindness, or insight you gave.
it’s just over now, and we need to build new communities again. nothing lasts forever.
Most of mine was on the controversial subs, it was better if it’s gone,
Don’t delete your account, scramble your past comments into AI generated gibberish. It poisons the well for AI and makes the site even more unusable by humans.
There is nothing like reading one or two sentences into a comment and realizing it is garbage.
I left all my comments up. I decided it’s fine.
OK, so download it first, then delete it.
The censorship going on there is crazy. I understand a site needs to tamp down on violent rhetoric but they crossed the line into absurdity. They banned me for calling out the racism in the GOP platform.
Reddit. Free speech*
*only if your free speech aligns with our interests.
I have to admit I never thought they would punish users for simply upvoting content that went against their corporate overlords’ interests. True thought policing.
You sound like a far left lunatic. Welcome to Lemmy!
Thanks! I came from Reddit too. Looking for a safer place to stay in touch with the community. Are we allowed to say the name of Mario’s brother here?
Yes
Just keep in mind, “it’s called the Fediverse because it’s crawling with Feds.”
Don’t get stupid.
Nice lol. Feds love the avg worker, no way they giving up my tax dollars.
Aldo?
You can not only say Luigi, but you can also say that you wished it had started a trend.
The basic rule is that you can say what you want (and people can call you what they want for it!).
It would be polite to self moderate to an extent. No point getting the instance owners in to legal hot water. That’s a massively higher bar than Reddit has set however. Chatting about and admiring Luigi is completely fine.
Hey that’s why I’m here too lol
I want to see the comedy-of-errors timeline where Luigi beats the rap based on a technicality or jury nullification…He finally gets out of jail…Then he immediately does it again.
But joke aside, socialism and Marx aren’t bad words around here. ☺️
Marx never bathed and had boils all over his body
Typical wook beggar
Common Lemmy W
Same. 11 year old account got banned for saying something. I’m not even entirely sure what it was. They deleted it and gave me the finger.
Fine with me.
I had my account since the pandemic and I got one 3 day ban for “inciting violence” a few weeks ago and they didnt tell me what I actually did. It was lifted so I moved on and kept following the rules. Then a day after the article about spez caving to musk came out I was given a perma site wide ban for “inciting violence” with no working link to what I actually did. The admins wouldn’t tell me either. I assume it’s because of my activity in left leaning subs and my comments calling Musk a shithead and saying his toy cars are garbage.
They’ll sweep ban entire comment sections of a submission they don’t approve of and they’re using AI to do it, so there are lots of false positives and dubious reasoning. They’ll send you a message lecturing you on your behavior but delete your comment so you’re left with only a vague idea of what they’re referring to.
Before they used shitty AI, they just hired autistic mods who would exaggerate anything into a bannable offense of some kind.
And they wonder why their stock is tanking. The only outcome I see for reddit in it’s current state is being bought out by Google and turned into a telemetry farm.
they are tamping down on the wrong kind of content, anything that disagree with israel, luigis incarceration, or elon and trump is an auto ban.
