- cross-posted to:
- technology@beehaw.org
- reddit@lemmy.world
- cross-posted to:
- technology@beehaw.org
- reddit@lemmy.world
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.
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Boo hoo
This “company” has no real path to profitability to speak of.
There are plenty of well-funded organizations willing to pay good money to shift various Overton windows. Especially now that Google is so enshitified that people append “Reddit” to the end of searches.
Yeah I mean there’s that but the reddit demo uses ad blockers frequently and ad-based content on reddit is already probably not that profitable. There’s a lot of people running astroturf campaigns for various things, but how are you seeing revenue out of that? Some schmuck buying the wrong type of portable speaker because of a crappy recommendation won’t add to reddit’s bottom line when it’s the speaker maker’s internal marketing intern. If anything, it’ll just further cause people to lose confidence in them.
The only path they had toward profitability was feeding all of their user data into AIs for revenue from AI companies, but chatbots are also unprofitable and that revenue probably won’t even cover the costs to run the servers, and besides how many companies are going to be dumb enough to pay for that privilege? We’re talking about folks that already stole every piece of artwork, literature, and news article they could get their grubby little mitts on. Why would they continue to pay reddit?
Ultimately the biggest conceit of the “attention economy” is the idea that attention automatically translates into dollars.
(And they’re bleeding attention too.)
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.
If you deleted your content, reminder to go back and check it again. Despite running a deletion from my GDPR export data, yesterday I noticed a bunch of comments suddenly showing up on my account that weren’t there before so I i had to rerun the deletion.
Is there a way to delete your data if you’ve been site banned?
I’m not sure. If you can log in, probably. You can try a GDPR request, but reddit has refused to delete data under GDPR, saying deleting your name off posts and comments is sufficient.
Should also go back and check to see if you were unbanned. I was banned during the API purge, for mass editing+deleting my comments. First automod banned me from various pro-Spez subs when I started editing my old comments. Then when I repeated the edit+delete with my second/third/etc accounts, it “permanently” banned them site wide for ban evasion.
Went back a little while later, and all of my accounts were magically unbanned and all of the edits+deletes were undone. The benign explanation is likely that the ban(s) prevented any of the edits from actually committing. But the more tinfoil-hat explanation is that the admins want the site to look more active, so they rolled back bans so old content was still available and their user count appeared higher than reality.
it does explain why you could comment in subs you were banned years ago. i heard at least from the modhelp sub that permabans were supposodely to be 1-year before it gets unbanned, obvious repeat offendors get a lifetime ban(the spammers excessive account bottings). but thing is some subs dont update thier filters so they can ban you again, and trigger a sitewide ban.
Been deleting my account regularly since 2024. You need to keep at it. It will eventually go away.
i noticed when i deleted my primary comments, it was ommiting other posts, like controversial.
There’s a non-malicious reason for this - if you used a script based on interacting with the website, when subreddits went hidden, it actually hidden your own comments from you. So they aren’t visible to automated scripts and then when subreddits go visible again, suddenly it looks like comments “came back”.
And this is compliant with GDPR?
“Your stuff was hidden when you made the delete request. But then later we made it un-hidden so oh well 🤷”
No, because what he’s describing is a self-run comment editing and deleting script.
GDPR account deletion works very differently.
Note I’m not defending Reddit here, as much as anything it’s advice for anyone (like me) who has to go back and re-run the script every few months because of those brave people whose form of protest is very temporarily inconveniencing themselves.
Is there a way I as an american can delete all my posts from my banned accounts?
Let me know when spez is living under a bridge, so I can go piss in his cardboard-box shelter.
/r/wholesomenews
Good, Reddit treats its users like preschoolers. If you say something even slightly against their rules, they ban you.
Just like Lemmy admins do!
FSPZ 📈
lol. It’s only going to get worse. The site used to be the top place to look something up, now it’s just going to be full of deleted answers and disappointment.
Its already increasing hard to find relevant posts when doing a Google search with reddit in search. Most posts are from 2 years ago with low upvotes for niche topics.
This does make me happy
For some medical inquire it’s still useful. But if your looking for politics or news, not a good idea, or subs where there’s para social fans of a specific show or actor.
For some medical inquire it’s still useful.
Anyone who would make a medical inquiry on Reddit, then believe what they’re told, deserves whatever dire consequence happens to them as a result.
It makes me sad. Such a great resource, gone, with no replacement.
deleted by creator
When do we think Musk or Zucker going to buy Reddit, and call it something stupid? Redbook? xIt?
FaceIt? lol
Reddx? Sounds like a porn site.
A community is called a subx. So you might have /x/The_Elon, you can buy premium or coins or whatever using $Trump crypto. Russian bots are moderators. Truly a magical future to behold.
And a wrong upvote gets you a ban and a visit from the FBI
Good, fuck Reddit
Good riddance
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.
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.”
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.
lol
Same with offmychest. Banning people like that is also against reddit tos but reddit couldn’t give less of a shit.
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.
