The gloomy sentiment around Reddit Inc. has failed to dissipate after its shares fell 50% from a February high, with volatile technology stocks under pressure.
Music to my ears.
Submitted 1 year ago by Tea@programming.dev to technology@lemmy.world
https://finance.yahoo.com/news/reddit-50-plunge-fails-entice-114144562.html
The gloomy sentiment around Reddit Inc. has failed to dissipate after its shares fell 50% from a February high, with volatile technology stocks under pressure.
Music to my ears.
Get! Wreckt! Spaz!
So I work in advertising for a company that is top 20 on the Fortune 500. We advertise everywhere including Reddit.
The returns on Reddit isn’t even very good. We still spend money there as a pure name recognition play.
As of now, for the company I work for, it’s not working.
Its been documented the return per user on reddit is the lowest of all the social media sites. Nobody will run ads there.
Running the elevator on the Death Star, eh?
Whatever it takes for me to survive out here.
Same, only based on VTC do we get the returns. It’s not the best platform, but what are you going to do expansion wise else?
I heard another forum where people are doing the same as you, they lost thousands of accts because of the purges
Eat shit Spaz. Fuck you.
And my Reddit account is now gone, I nuked it.
They banned everyone except establishment democrats, Nazis and Russian bots.
They’ve banned all of the good people that made up the site. I used to do Secret Santa. For 10 years! And I had mothers thank me for making their kids holidays. And they banned me. Because I made a death joke about how old McConnell was. Dude looks like death walking. Prove me wrong.
I was a good user. Dark humor isn’t hurting anyone. Reddit will die. Just like every other popular site.
I contributed to Reddit for 4 years and I got banned supposedly for posting putting down a bull terrier that violently attacked a family member and their was a child in the family,
I have a suspicion that my negative political comments about what is happening in Government may have been the real reason
All my friends that were on Reddit have been banned they are all good people with views
No free speech on Reddit it will gradually die
Genuine question but how can we trust our respective lemmy instance to not be as corrupt?
It’s weird how they allowing Sinese to promote himself, he acts like hes weirdly a Veteran, just because he was in the infamous movie, of course he’s a Republican around the same time stewart was supporting vets. I was saying he was virtue signalling so hard.
I was a 12 year member with nearly a million karma. I was permabannef right after the inauguration, for repeating an anti-HitlerPig opinion I’d repeating numerous times before he was elected.
I came to Lemmy and found out I wasnt alone, i was part of a bloodbath. I’ve seen posts from many people with 10+ year accounts who were banned. We’re the people who built that site, and made it what it was. Somehow we managed to be active for over a decade without a problem, but suddenly we all became violators in the same month, and need to be banned.
Now we find out Spaz wants to buy TikTok, AND The MuskRat threatened him. No doubt the threat was that if he had a prayer of being awarded the privilege of buying TikTok, he was going to have to obey, and violate Reddit’s foundational free speech mission. The classic Reddit is dead.
Thanks for the warning. Spaz buys tiktok and I delete it. Bout to already, honestly.
I created throw away and many main acts in case one gets banned, I usually avoid the permansub bans with new acts, until much later. So I’m also hearing that reddit links your accounts with strangers, if they get banned all your accounts get banned (( if you commented on any of the subs that the stranger was on)
He didn’t need musk threatening him. He was already killing Reddit with his whole “we want to float it on the stock market so we’d better get rid of all of the good content” fixation.
And frankly he was a shit stain even before that, remember how hard it was to get them to ban CP subs?
Either you die a hero or lives long enough to become the villain…
Appears to apply to companies, too
I was sign up number 3. I emailed Spez his own source code because he had the error reporting on his Web Server set to “VERBOSE”.
I was permanently banned for an answer in an AskReddit thread that amounted to “what is true in your line of work that you can’t say”. My answer was that non-males are insanely violent and one of the huge lies that is held in the public consciousness is that “men are the violent ones” when the reality is all people are violent, and there’s a tremendous amount of IPV especially in same-sex partnerships. Banned for “advocating violence”.
Incels are quite overly sensitive when it’s a women talking about violence against women by men, they brigade and try troll people. Askedddit also banned me, for because the sub was asking something about an actor, and I was explaining how a Star Trek actor made the show about herself( Beverly crusher) people don’t like how their holy trek role model was criticized
Been there since 07, also work in Human Services. Reddit died with Aaron. He was the heart and soul of the site. The decline started shortly after that and it was slow, but it really picked up steam around the time of their IPO, and ever since they’ve pretty much embraced “evil”. Fuck Spez.
I reported a comment for basically saying that men are the only violent sex, and they temp-banned me for abusing the reporting system. The explanation message (canned, I’m sure) said that reporting abuse is a form of harassment or bullying, or something like that.
Eat shit reddit, and fuck spez.
I left with my 14 year old account after they banned third party apps. Moderating large communities (1M+) with the official app was impossible, and I was moderating 3 of those, plus a bunch of smaller ones. I did Secret Santa 4 or 5 times (move countries frequently for my job, so it wasn’t always feasible), and still have the Guinness World records certificate somewhere, plus a lot of free merch from the mod appreciation giveaways back when they weren’t a shitcorp. Leaves quite the bad aftertaste.
Pretty sure that by now I’d have been banned as well, I never held back with dark humor and speaking out against evil corpos. In a way I’m glad I left on my own terms before it all went fully to hell.
I used to mod a million plus sub. How on earth could you do it without 3rd party tools? I am very happy here. It’s nice to be able to talk to real people again.
Probably they tried to own the libs. Lol
good
Oh no… anyway
Musk strikes again
Good. As shitty as they’ve been and as hostile as they’ve become to their own users, I’d live little more than watching the entire damned things crash and burn. More (but still not very) likely though is them desperately selling off before it completely self destructs. Of course if they do sell it, whoever they sell to will likely either make things worse or just shutter it. Most likely they’ll stay the course and continue hemorrhaging usefulness and thus popularity.
Any way you read the cards Reddit is in a tailspin that they seem unwilling to do what is necessary to pull out of. Which is to say, they’re too stubbornly idiotic to reverse their stupid, stupid changes and make a more open, user friendly, and community friendly platform. And I don’t see Spez being that smart.
There’s still plenty of blood to drain out of that corpse, just like facebook. They’re a punchline to anyone who knows the internet, but a staple of boomers now. Thing is, shoveling ai slop with ads to ignorant boomers has proven to be quite profitable.
Probably turn into Y/A answers before shuttling the site completely.
All the people that ruined the site will get a nice golden parachute. The C suite doesn’t give a shit what the company actually does. They are there to make sure the important investors get a return on investment and that is it.
Oh the executives will be fine. I already hate them, no worries.
Removing the messages option and instead replacing it with their stupid DM chat system, even for modmail
Stating that later this year they’re going to introduce walled off paid sub-reddit
That live stream nonsense they had a couple of years back
Their A.I. answers integration
Censoring users who mention ‘eat the rich’ and the name Luigi
No longer allowing moderators of their own sub-reddit to change a sub’s status to NSFW (after the protests, obv), now requires admin to do this for them if the deem it appropriate
…who’d have guessed that these decisions were shit. Not the community who told them each time, again and again, right?
Fuck you, Reddit
Full AI moderation is what killed it, it was liberally and indiscriminately banning people last month with the slightest indiscretions
Came over during the great 3rd party app API debacle. It didn’t even make the list. Am I old now?
This and I already missed the old reddit when they banned porn from /all. API debacle was the last straw when I called quits.
I did the same long ago, but I did go back to reddit. I wish I’d learned my lesson at the time -__-
Surprised r/Nintendo isn’t just straight up nuked.
Imagine investing in another company being led by Elon Musk these days.
Seems like putting your efforts behind censoring and banning your user base while simultaneously trying to give a pass to a facist oligarchy is a bad idea. That’s the thing about oligarchy, it’s a small club and if you weren’t already in it, you’re not going to be any time soon. Facebook and Xitter don’t want to share the money from ads and adversarial state\private actors
This is basically it. It is just harder to run a fascist oligarchy these days. People are way too connected and are sympathetic to other people from other countries. The propaganda can only go so far.
Please stop smoking the drapes. We are in the rise of massive fascism worldwide - I literally don’t understand how you could make such a statement.
MySpace will make a comeback.
It currently belongs to Viant Technology LLC, an advertising company that’s deeply invested into the AI bubble. Perhaps they’ll sell it off after the crash but honestly, MySpace’s downfall and sellout is kind of what’s wrong with Internet culture anyway so I don’t see any benefit in a restart. I’d rather see a complete reset.
Im gonna code the fuck out of my page. And put my top 5 on notice they better keep their shit together or they are OUT.
And that gum you like is going to come back into style .
And your hair will grow back like it used to.
Far too many bots on reddit. Half the time I wasn’t sure if I was talking to a real person.
I was still lurking there but not so long ago it just died. The subs I was looking at stopped updating. There was no point going back.
It’s always been ridiculous to me that what is essentially a forum has shareholders. That’s why I left Reddit during the app debacle and haven’t looked back.
Reddit had shareholders before their IPO, they just went public shareholders.
Corporate social media was a mistake. Genuinely, I lay a lot of why the state of the western world is the way it is at the feet of Zuckerberg and his peers.
Same. I’m not sure Lemmy is any better tho. I know, I’m a hypocrite.
Maybe it’s because they banned all of their users
I mean why buy shares of reddit? What is it doing? It’s alienating users.
Literally every single change reddit has done in the past few years has angered the user base, and the bot accounts increase day by day. Go to any niche subreddit, like one for a movie series, show, video game, etc. You will see a ton of “what’s your opinion of X or Y?” And it’s always such a weird choice of words, and it’s clearly just a bot farming engagement to inflate numbers to shareholders.
I still use reddit, but I never post or comment. I strictly do that on one of my Lemmy accounts. And every few months, something will happen to make the experience worse. Like now, the frontpage “hot” sorting is broken. Just a bunch of zero up vote posts on weird subreddits I forgot I was subscribed to. Now I can’t really get the news like I used to on reddit. It’s broken, and there is tall that it’s a result of Elon meeting with spez to talk about moderating the surge of Elon/Teslur hate.
Fuck reddit, more niche communities need to come over here, because I’m so tired of having to go through reddit to fine things I’m interested in.
Yeah why is the question never “how can we make peoples lives better?” its always “?whats the profit margin”
It was going downhill since they got rid of the woman who was running AMA
Yeah remember that being an inflection point where I stopped being excited about updates and started dreading them.
BUY THE DIP!
I BELIEVE DIGG IS VERY INEXPENSIVE AS WELL!
All I use reddit for is porn now, so the ads are really easy to spot. Like if I see someone trying to show me tupperware when I was just looking at goth girls and femboys, I know to keep scrolling.
I don’t doubt it, so I’m drinking my fill while I can.
soon the femboys will be selling tupperware
Put in the p in any URL a slideshow carousel. Great for self-flagellation. Redditp…
A slideshow would be great when my hands are full of toys
Look for Infinity for Reddit on F-droid. It’s nice. Browsing reddit porn with no account.
I started to short them last month. Oh well. I knew all this anti free speech stuff is hurting them. They are only retaining the sycophants and the clueless niche people who never go out of their little bubble.
Forget about growth. Forget investors. Forget about all those capitalist nonsense. What good are profits if everything goes to shit? The best thing about Lemmy is that it doesn’t give a shit about that. It’s decentralized and community driven. Capitalism prioritizes money not people.
Reddit is 💩
I’m waiting to see the bubble poping out.
Community oriented websites have no growth potential once you’ve mined the community.
Oh noooo! That’s teeeeerrible! Oh noooooooo etc etc etc lol F Reddit in the AH with a big rubber dick!!!
Ledericas@lemm.ee 1 year ago
cant be all those ban waves can it? feb 12-13th was the start of a massive account purging from the site,a nd you wonder why the engagment fell, leaving russian troll farms mostly intact, plus MUSK constant brigading on the site.
TronBronson@lemmy.world 1 year ago
Don’t forget Molly cokeketamolly. It’s a Bay Area classic