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.

  • Mallspice@lemm.ee
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    1 day ago

    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.

    • Ledericas@lemm.ee
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      6 hours ago

      remember the first purges in 16-17’ when trump was in power, GOP started complaining about online spaces hosting these “violent, illegal” activities, and subs got banned asap. now again, musk is complaining about the same thing.

    • wtckt@lemm.ee
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      22 hours ago

      It certainly was what people drove there. That doesn’t make money. The only value that counts for the bottom line is the data ultimately for marketing purposes. And the reach and trust that makes it great to sell shit.

      It’ll also be a great propaganda vehicle. Which might be worth even more in the current climate.

      Anyways Reddit is dead. It ran far longer than many thought. But I think the cadaver won’t stay fresh long enough to be eaten.

      I think many of the tech giants are becoming scared. Because it might be a bit of hassle to just use another platform ultimately it’s fucking easy to migrate and the when the momentum is there it can go pretty fast. No one really needs Amazon or Facebook or Reddit. And people really are pissed off. Fuck them. All these valuations for tech are just ludicrous when in the end the main driver is selling people shit more effectively.

      • Ledericas@lemm.ee
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        6 hours ago

        forums are still alive and kicking, to certain niches though, not an "news/politics aggregate site like reddit. FB has enshittified itself when they went soely distributing russian propaganda intentionally, also require much more aggressive Data mining to sign up for the service, similar tow hat Glassdoor has become for job hunters.

    • Ledericas@lemm.ee
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      6 hours ago

      its pretty given, seeing as how they are using googles recaptcha technology, and OPEN AI to allow access to data/content, plus its useful for troll farms from russia in general, since its allows targeted propaganda messaging.

      specifically REDDIT like google as recaptcha v3, which is a more spyware-ish where it records your acitivty on the site to “looking for botting” behaviour.

  • carrion0409@lemm.ee
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    1 day ago

    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.

    • Ledericas@lemm.ee
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      6 hours ago

      Oh yea the generic “site wide ban message doesnt even tell you what the violation was” i think it gives reddit arbitrary and vague reasoning to ban you.

      • carrion0409@lemm.ee
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        5 hours ago

        I really hope the company burns. It became everything it used to make fun of since Spez took over.

    • lydon_feen@lemm.ee
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      1 day ago

      Holy shit, me too.

      They said I threatened violence because in a thread about Putin potentially being sick, I said I wished he had a painful slow death.

      Apparently even bloodthirsty dictators get to have their poor feelings protected by Reddit.

      Fuck Reddit! I’m just gonna abandon that shit platform

      • Ledericas@lemm.ee
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        6 hours ago

        you got brigaded by pro-russian bots, and yes russian backed trolls do mass report people too.

      • Doctor_Satan@lemm.ee
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        23 hours ago

        I had two main accounts. My oldest account got permabanned for a joke about Nick Fuentes. After his address got doxxed and he pepper sprayed a woman who rang his doorbell back in December of last year, I said “hey as an incel he should be happy that the ladies know where he lives now so they can share a cocktail with him”, and I added a cartoon gif of a Molotov. It was obviously a joke, but they said it was “promoting/glorifying violence”. I ate the bullet on that one because they were technically right, even if they were a bunch of humorless twats.

        My other account got banned about a month ago when I up voted a comment that was just a picture of Luigi Luigi (the Nintendo character) smoking a cigarette. Again for “promoting/glorifying violence”.

        Elon Musk is a weak little crybaby and Steve Huffman is a pathetic coward.

        • Ledericas@lemm.ee
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          6 hours ago

          sounds like you were part of the ban waves going on. there was one around the election, another around DEC mid, we noticed because reddit was extremely quiet of all propaganda for like a day or 2.

          • Doctor_Satan@lemm.ee
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            15 hours ago

            Yeah they’ve come out and said recently that even interacting with any content or comments that could so much as be perceived as being related to Luigi Mangione is a violation of Reddits policies against promoting violence. People have been getting warnings that their accounts are in danger of being permanently banned just for visiting certain subs. Not for posting. Not for commenting. Not even for voting. Just for visiting.

      • carrion0409@lemm.ee
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        1 day ago

        Idek wtf i said lmaoo. Atleast you got told you were deplatformed for daring to disagree with the regime. I just got shown the door. This place seems much nicer though.

        • Ledericas@lemm.ee
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          6 hours ago

          a ludicrous ban, is when i got “temp banned for report abuse” turns out if you report too many people who have spreading misinformaiton or lies, you get automatically flagged. the community is keeping the trolls in check, while mods and reddit admins sititng on thier asses of selective moderation.

          and we know certain subs, are owned by a few power mods. LEO controls multiude of mods about crime and law subs(this includes the videos subs). askdoc is probably the only sub/medical is correctly moderated, they do it to prevent pseudoscience/ misinformation, one time after '16 election, someone try to analyze Hillaries facial movements as having some kind of stroke(the mods shut that down very quick)

          • carrion0409@lemm.ee
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            5 hours ago

            The excuse to ban someone over reporting will never not be hilarious to me. Like dawg, sorry were making you do your fucking job and improve your site.

        • lydon_feen@lemm.ee
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          23 hours ago

          Well, I had enough of this bullshit, and together with news that Reddit’s CEO was pressured by Musk of all people to curb dissent, I just deleted my accounts.

          Bye Reddit.

          I’m 100% a Lemmee guy now

    • LeninOnAPrayer@lemm.ee
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      1 day ago

      Harsher moderation followed by a bot farm the richest man payed for to report every account that is critical of Nazis.

      I’m not even kidding. At this point the amount of comments on Lemmy that I’ve read that had 10+ year old Reddit accounts banned for “inciting violence” is crazy. I was one of them a few months ago. Told a dude denying a Nazi salute was a Nazi salute to “go to hell where Nazis belong”. Was banned within an hour. Permanent and IP/Metadata banned. Instant response of “no” to my unban request.

      This is not a unique experience either. Leave reddit like it’s the plague. Digg died because of bad decisions. Reddit seems like it’s gonna become 4chan but for the mainstream. I don’t know if it’ll die. I think they’re purging anyone that has leftist profiles.

      • Ledericas@lemm.ee
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        6 hours ago

        2nd richest, many people believe mr PUTIN IS, AND he does have the largest troll farm in existence(which is the reason why many countries in the mess they are right now. and Musks master is putin, since hes likely funded twitter purchase, musk have been seen with one of putins propaganda chiefs in qatar right after it was bought.

      • carrion0409@lemm.ee
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        1 day ago

        I’m just sad that I’m leaving all the marvel and action figure collector communities i was apart of behind. But yeah I don’t plan on going back. It’s gonna become infested with nazis sooner or later anyway.

        • LeninOnAPrayer@lemm.ee
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          1 day ago

          Yeah that’s probably for the best. I say this with no judgement as a former WoW addict. It’s the time to do shit in the real world and get organized to resist these Fascist. Hit up PSL (Party for Socialism and Liberation) or DSA (Democratic Socialist of America) in your area. If anything it will give you a social life on Friday/Saturday (usually when they have meetups for PSL in my experience). PSL in my area even organized child care during meetups/protests.

          Also, your local SRA (Socialist Rifle Association) if you have one. Basically the only place to train with a weapon that isn’t filled with MAGA hats. But they have literally been overwhelmed since November so might have to deal with hogs in another course if you’re interested in that. Again, depends on your location.

          That’s my experience trying to explore real life anyway. Your path might be different. Plenty of mutual aids to join. Lots of local organizations of any kind our leading the charge to resist ICE. Depending on your location that might be a Mosque, Synagogue, Church, Temple, etc. (Thats one of the main reasons they now legally allow ICE to raid them. Which is FUBAR.) Find out what works for you in your area.

    • Hellahunter@lemmy.world
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      1 day ago

      I was Permanently banned for harassment because I asked a mod why they banned me.

      Mind you, I’d ask, and they’d mute me for a week straight instead of just pointing out what got me banned.

      lol I pray for their downfall; this news pleases me.

      • Ledericas@lemm.ee
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        6 hours ago

        Some mods are in cahoots with the admins, so they can just exaggerate the seriousness of a report and get people banned.

  • SpaceOctopus@lemm.ee
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    1 day ago

    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.

  • surph_ninja@lemmy.world
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    2 days ago

    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.

  • ChristmasIslandZone@lemmy.world
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    1 day ago

    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).”

      • Ledericas@lemm.ee
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        5 hours ago

        i love it that TROLLS and conservatives ever though right wingers were ever censored. no, almost any one the “left” was censored in most medias.

      • ChristmasIslandZone@lemmy.world
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        1 day ago

        !sonic@pawb.social is the biggest one I’ve found but it’s VERY inactive. You’d be better off going to a Sonic forum like the Sonic Stadium message boards, but those are a little less penetrable than something like reddit because EVERYONE there is a huge, dedicated fan, and it can get really strongly opinionated.

  • LePanTheOpticon@lemm.ee
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    2 days ago

    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.

  • RedFrank24@lemmy.world
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    2 days ago

    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.

    • Ledericas@lemm.ee
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      5 hours ago

      its only use now is a propaganda machine, much like X is now, or it will be soon like X.

    • UnderpantsWeevil@lemmy.world
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      2 days ago

      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

      If they’d been stalwart about banning automation and keeping original, legit human content pure, they probably could have used it as a fountain of fresh data for AI, for polling, for engagement farming, and for promotion.

      The site was still growing even despite the admin induced atrophy. But they just couldn’t resist killing the Golden Goose.

      • Ledericas@lemm.ee
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        5 hours ago

        the mistake was allowing mods to have too much power, and admins to become mods.

      • RedFrank24@lemmy.world
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        2 days ago

        I disagree that Reddit would gain in value over time if they kept banning automation, because it is increasingly difficult to avoid AI-generated material polluting your dataset, no matter how much you avoid automation and try banning it. Inevitably, some AI-generated material is going to get in.

        It’s a problem in two ways:

        1. The vast vast majority of data on Reddit has already been sold, so you can’t rely on that data for future revenue
        2. The remaining data that’s current is polluted by AI and is therefore worth less than the historical data because the more AI pollutes your dataset, the more likely it is to lead to Model Collapse, where an LLM is poisoned due to unverified data generated by other LLMs

        I am firmly of the belief that sites like Internet Archive will be some of the most valuable companies in the AI space, because they hold an immense amount of untainted data created prior to 2019.

  • AidsKitty@lemmy.world
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    2 days ago

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

    • ExLisperA
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      1 day ago

      Reddit has proper moderation. As in actual people moderate it. It basically has a lot of content that was verified by ‘experts’. And they do it for free.

      In the age of bots, fake news and AI generated pages Reddit is a pretty good source of actual facts. Search engines lean on it more and more so it means there’s bunch of money in it.

      At least that was the plan. If people will stop moderating there because of politics it’s worthless.

    • veni_vedi_veni@lemmy.world
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      2 days ago

      They source the data for AI.

      However, their owner is a duck so he’s prob gonna atrophy users away, so it’s not an investment you’d go long on.

      I’m so glad it will create and burn ever since they prevented RIF from working for their own ad-ridden version to be used.

  • Cyrus Draegur@lemm.ee
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    2 days ago

    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

    • RandomPrivacyGuy@lemm.ee
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      1 day ago

      for all the useful info

      Recently, I’ve been questioning how useful the reddit info actually is. I’ve been lurking in multiple subreddits related to things I’m actually quite knowledgeable at, and the amount of times I’ve seen people asking questions and getting absolutely bogus answers that were highly downvoted was just… concerning. Not to mention how often the correct answer was heavily downvoted for absolutely no reason. That’s when I realised - hey, maybe redditors aren’t that smart after all? I can detect the bullshit for the things I actually know, then what about things that I don’t? Should I trust them?

      Not to mention that to get the info you want, usually you’ll have to get through a bunch of shitty jokes, going off topic, rants and even some “totally-not-sponsored” comments.

      • Krudler@lemmy.world
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        1 day ago

        Thank you for saying it. Reddit still has a pocket in the public conciousness that its still the 1st place to go for answers. It isn’t and it hasn’t been for a loooooooooong time. Not just for the reasons you say, but severe tomfuckery with what they show to SE indexing bots. Most of the links that lead into Reddit are shady as fuck, rarely lead to any good information, and are clearly bubblesorted up in the search algos for mysterious reasons we can’t know in specifics. I did hardcore SEO for 2 years so I have at least a spidey-sense that there’s major shenanigans.

  • PerfectDark@lemmy.world
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    2 days ago
    • 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

    • Ledericas@lemm.ee
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      2 days ago

      Full AI moderation is what killed it, it was liberally and indiscriminately banning people last month with the slightest indiscretions