Comment on Reddit’s 50% Plunge Fails to Entice Dip Buyers as Growth Slows.
libra00@lemmy.world 1 week ago
And this right here is why I laughed my ass off when they were doing their IPO and offered me an early buy-in. The company has never made a profit to my knowledge, why on earth would I imagine its value would go up?
btaf45@lemmy.world 1 week ago
There is no growth potential at all. They regularly bleed large numbers of users with their rando-bans, and the new user experience is so terrible that there is no reason any new person would ever want to use it.
libra00@lemmy.world 1 week ago
Yup. What’s left of their user-base is cranky, well-entrenched against their bullshit, and not afraid to show it. See: the APIpocalypse, etc. I would bet they lost millions of users over that, and now they’re alienating tens or hundreds of thousands more. They have a pretty shit business model which largely relies on enshittification.
Ledericas@lemm.ee 1 week ago
This time, they overdid it. Since Nov 5th there were at least 3 ban waves by Feb 13th. The same time I got banned, now we are in the 5th to 6th ban wave right now. This way more than normal
libra00@lemmy.world 1 week ago
It’s continued to get worse since I left a couple weeks ago? I’m shocked. Shocked, I say!