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.
Plunge baby, plunge.
Reddit is not coming back. I know when a site is dead
God I hope you’re right. Nazi Spez and his chud admins are gonna be shitting bricks when they realize elon isn’t bailing them out.
We said the same thing about Facebook 15 years ago. Look at them now. Still twitching proudly with the vigour of youth while their teeth are falling out and their flesh is rotting.
Bye bye…officially deleted my reddit account. Enough interaction on here I can 100% make the plunge now. Sad because I have been there so long. But I rememeber when digg died, and its time to move on.
I was there for diggs death. I was a young college student.
I held off on Reddit and enjoyed a lack of that style of addiction for like 2 years. Then slowly reddit consumed me.
I haven’t been back for anything but porn since the API-pocalypse.
Lets take a platform driven by community participation and ostracize community users. Yeah that’ll work out well.
Reddit getting Digged and me likey.
That is a deep cut reference. They are relaunching as an AI play.
That will bring back the people who were providing the free content.
(/s on the last part)
Yep the train from being offered early access to their IPO as a “power user” to a permanent account ban did not take long.
So here I am
Aww, did Spez trade the family cow for some “magic” beans?
Good luck rebuilding the farm now, buddy.
hi i am the human male, called spez, i was birthed from a alien space ship , and hatched from an egg and sent to earth to manipulate the populace.
Spez fundamentally misunderstands what Reddit is and who it belongs to: the people making the posts and providing the content. The more he alienates the users, the less value Reddit will have. He’s shot himself in the foot and he’s getting ready to fire again.
Oh he does, he just doesn’t care.
The line goes up, then you sell out to some anticompetitive behemoth to eat before it implodes. That’s how it works.
Tends to happen when you ban all of your users
He listens to swatsticars guy why would any care any more
Spez can suck a taint. I was on there forever and immediately bounced once that bullshit banning stuff started happening. Should have left sooner but that was the final straw
Who could have foreseen that banning all the highly active, long-term accounts in the same month would have a negative effect? Now they can live with all their bots, puns, Russian Karma Farmers, novelty accounts, and trolls.
Yeah, same here. It took a few things over time to ultimately get me to leave, but my finding out many of my comments were being shadow-removed was it.
I commented on a niche sub a few days ago, and it got shadow removed by the mod, don’t even show up as a violation on the inbox, then it triggered a “suspicious activity on account ban, until I change password”, also because I used a Firefox fork instead of the chromium browser
He was pretty much on musks taint
For real, they probably go bang kids together
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.
i noticed when i deleted my primary comments, it was ommiting other posts, like controversial.
Is there a way I as an american can delete all my posts from my banned accounts?
Maybe if they didn’t ban their (majority) liberal users for having “opinions” on the current government, after nonstop rhetoric from conservatives.
banning people for also calling out right wingers and trolls, worst is banning people for misconstrued statements, and also reporting people,g ets you banned.
like one time '18 a person asked why people were calling MICHELLE obama a certain way, i said the conservatives called her a gorilla, with gorilla arms, insta-banned.
they allowed astroturfing on reddit, which makes worst because they are tryint to “look fair” but refuse to do anything about the right wingers control certain subs.
actual POLICE(former and active) individuals control the legal and videos related subs.
deleted by creator
After the Inauguration, they had a bloodbath in February, permabanning many long-term, high karma accounts like mine (12yrs, 900K+).
These were the members who built Reddit into what it was, and after over a decade of high volume posting without getting banned, suddenly all of us made comments that earned permanent bans in the same month. Yeah, that’s plausible.
Now that they’ve ejected many if the members that made Reddit a lively place to debate, they’re stuck with novelty accounts, puns, bots, Russian Karma Farmers, shitposters, trolls, and general bullshit. I just went over to read some subs I love, and literally the first post I read was complaining about how long they had to scroll to get past the stupid puns to get to the real discussion.
Its been getting increasingly bad for a long time, but apparently it’s gotten far worse lately, now that they decided to get rid of the red meat and go vegan.
I like Lemmy, but they don’t have anything close to the active guitar forums that Reddit had.
Can confirm—I was a member since 2010. Got banned for logically going after MAGATs. Apparently, that’s not allowed anymore. What’s happening to this country—that people don’t even seem to have the cognitive capacity or basic mental equipment to recognize the freedoms being stripped from them in real time—is beyond disillusioning. It’s disappointing, devastating, and honestly hard to watch. And seeing younger generations, raised on flashing lights and internet brainrot, now stepping into adulthood? Oof.
A “dip” is when the stock goes back up. This is a correction
I thought a “dip” was the CEO of Reddit.
Looks like we’re both right!
Found a picture of avg Lemmy user blasting their Reddit accounts away.
Exactly why I’m here.
All the American rhetoric that gets shared about how theie government is becoming facist but any call to action or talk of action is instantly bannable.
Fuck Reddit.
Twitter was one of the SC used for large political protests and movements in the middle east, Arab spring. Reddit probably the last place the conservatives are trying to route out and turn it into a propaganda machine. Reason why sports and entertainment isn’t getting the axe because they are more or less the same thing as politics, helps with division, that’s why alot of celebs have come out as a full Republican as of recently.
They even allow one to be on reddit regularly virtue signalling for veterans, as if you actually cared. He has an AMa, he had a epiphany once when he was in a movie about the Vietnam war(hint hint). It’s not a coincidence he announced his party preference and came on reddit suddenly right before the election , I believe hes part of the right propaganda. At least compared to Jon Stewart, the actor seem kinda of sketchy
They’ve picked a side. Fuck 'em.
I hope reddit dies.
I’m doing my part!
I got banned and figured it was a good time to kick the habit any way.
It’s much healthier without constantly seeing some bad-faith, AI-crafted post that tries to get under your skin, prying open your values and baiting your outrage so you can think you’re actually achieving anything of value by biting the bait and trying to correct morons who aren’t even real humans.
I do not miss the site.
Well the ipo brought enshitification at max speed so that’s not surprising. They ostracize and remove users who contributed to communities for a decade+ and then replace the long standing communities with a generic, Reddit controlled alternative that only reposts all time top posts to gain traction. The only thing Reddit has going for it is the user content which is rapidly getting buried under AI slop. Worst of all (for the investor class) you can’t really see Reddit being turned into another right wing cesspool to bait young men into violence with … so there really seems to be less and less reason for Reddit to exist. Let’s hope by 2030 it’s like one of those websites people say “remember when we had Reddit …”
Everyone with half a brain knows that enshitification and pandering to CEObro echo chambers result in the platform losing large amounts of users or even dying.
