Technology

I'm not sure why anyone would ever buy Reddit stock. There is no money to be made in Reddit. They failed to make any money before they went public, and they're failing to make any money now.

They tried the whole NFT thing, failed. They're trying to sell the data to AI companies but once that's sold they can't sell any more of it because the benefit of Reddit data was historical data unpolluted by AI, but new Reddit data is polluted by ChatGPT posts and is therefore worth less.

It's not even about banning people, it's about the fact that Reddit was never a sustainable business model from the start, at least not in the traditional capitalist sense where you're actively trying to make a profit to please shareholders.

The only benefit to owning Reddit stock is if you have voting shares and can manipulate the algorithm to benefit you in some way. Suppress some voices, amplify others to back what you want to do etc. but you need money to burn in order to achieve that because you aren't going to be making money directly by owning Reddit stock and manipulating public opinion takes time.

Good. I got banned just today for "inciting violence" then when I asked what I did they couldn't tell me. Musk pressuring spez into harsher moderation is probably part of why I was actually banned. I followed every rule but was active in left wing communities and it seems that's enough to be deplatformed under the trump regime.

The value of Reddit is the content which it is able to create. If users aren’t free to create content, there is not value.

I’m fairly certain they misled investors on their last earnings call. I noticed some banned accounts suddenly had their ban lifted right before the call, and then reapplied right after.

On the last investor call, they said they had a lot of returning users. This was after their election ban hammers, and prior to the Luigi ban fest.

Can’t wait to see how they try to spin things on the next one.

Hey cool beans we're the direct result of that! What good news!

I trust reddit as far as I can throw it these days.

Fuck Reddit.

One man's slowing growth is another man's hardening growth (me, from reading this headline).

I mean, with all the censoring and pandering to Musk, allowing for entire bot swarms to the point it really becomes obvious it's happening - who could have predicted this?

That's right, kids. Allying yourself with fascist tendencies in any way, shape or form will hurt you in the long run. Just provide the damn service people are looking for and stop playing god, trying to use your platform to shape opinions and censor statements you or your buddies don't like.

Shouldn't suprise anyone especially with the recent grovelling before Musk.

I've created this account here today particularly because I found that behaviour absolutely disgusting.

I wonder how long until they ban porn. That'll kill it dead for sure.

I just don't understand why a person would choose to invest in Reddit. What exactly is the value proposition here?

Fuck reddit , its becoming weird being on there ... its feels off , like you're in an uncanny valley not knowing if you are taljing to a bot , a person or a troll

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.

No surprise; It's seemingly all bots arguing with other bots now anyway.

Lol suck shit reddit. Rot in piss ~~you won't be missed~~!

It might be at least a little missed for all the useful info and history that it had accumulated over these decades... But oh well.

They shat this bed they get to lay in it

Reddit is kinda dead it now

I mean. Elon Musk is exerting control of the platform too. Do you really want THAT shit in your cereal?

Good, hopefully spez will get what's coming to him. He really ran the site into the ground.

I left when I couldn't use the word "idiot" because it was a trigger word.

Sure Jan.

I see the fall of big social media into fascism as a big problem, despite the fact that it makes them less popular. The nazis are actively destroying spaces for communication of opposing opinions. They don't mind the medias are harmed by that. The important thing is that what remains becomes a fascist echo chamber. Most normal people won't be able to find alternatives like lemmy, so it makes the numbers of people with opposing views who are able to communicate smaller with every fall of a medium, social or other.

Get! Wreckt! Spaz!

Got banned over there a month ago, came here hoping to find something of a Sonic community in the same vein as the one over there (very involved in that fanbase, did a lot of my discussion on reddit), has not materialized yet, not enough fans over here, hopefully that changes at some point. I thought at first that it was the open support of Luigi's alleged actions that got me banned, I could be ok with that, I get it, supporting violence and whatnot, I broke the rules, and they were sensible rules more or less, but the longer I look at the current happenings over there, the more suspicious I am that it was because his name came up at ALL, multiple times. That's annoying. That feels less justified.

Also becoming more and more glad it happened when it did. Lot of overt, fascist appeasing censorship going on over there. Like it's not even subtle. There's no ambiguity in it, it's just "this post criticized or disparaged Musk or Trump in some way. (Removed from Reddit)."

Daily reminder that Reddit automatically gathers your data.

If you still have a Reddit account, change your privacy settings right now :

👉 https://www.reddit.com/settings/privacy/

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. remember MUSK is chronically ONLINE because hes on cocaine and ketamine.

by NOV-FEB there were already 3 ban waves, and the luigi+upvote bans was the 5th.

Let's pick a day and everyone short it

Good, Reddit has no place in the stock market and no amount of enshittification can save them from this fate.

Music to my ears.

Lol I sold mine in January. I'm fucking Warren Buffet.

have they resurrected that subreddit from 2016 era, name of which i will not repeat, but it was well fuck. i'm still not going to say it. it's not an "information hazard", it's a garbage sphere that accretes garbage

good