Reddit’s 50% Plunge Fails to Entice Dip Buyers as Growth Slows.
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Once a company becomes publicly traded it always gets worse. Once the shareholders are closer to the executive compensation packages than the customers/users it is all downhill. It is like clockwork.
Might take a year, might take 10, but the result is inevitable.
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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.
I'm waiting to see the bubble poping out.
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Digg is excited about "AI" moderation. So, they're gonna be going the route of banning users for wrongthink just as Reddit did. I don't think it's going to be that popular.
I watched the video on the Digg.com front page and it was a bunch of very rich dudes sitting on a couch, with the same energy and words of other very rich dudes. I don't think it will be better. They just don't live in the same world.
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Oh no! Anyways, what's everyone's Friday plans?
Watching Star Trek with my pants down
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Huh, maybe if reddit wasn't overly restrictive to free speech they'd get more actively engaged users. Oh well, I guess they'll have to suffer the consequences of their actions. I know this article blames reliance on google and stagnant ads for this, but I can't help but think restricting speech and shutting down discussions also plays a role. Front page of the internet my ass.
Not just restrictive of free speech. Openly abusive to users. Shadowbanning with zero indication of what is going on, or why.
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Hey fam, I’m another Reddit refugee. I heard Lemmy is what Reddit was back in the day. Sad to see Reddit go to hell.
Sync for Lemmy feels just like Reddit is Fun (RiF). So good
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Reddit is the Titanic, leadership is the iceberg, and the fediverse is the welcoming ocean.
I think fediverse being the ocean is apt.
We’re just here, with wave after wave eroding the shore of the island that is Reddit.
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Gee, that's too bad. It would be a real shame if that piece of human garbage Steve Huffman lost everything. A crying shame.
He will exit filthy rich way before that. That’s the point.
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at this point Elon should buy it too, drive it to ground like Twitter.
I don"'t like that solution because that means Huffman walks away with a golden payday instead of losing it all.
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I left Reddit today. I'm not looking back. I'm absolutely done with these organizations that bow to fascist whimsy and demands. Pathetic stuff from Steve and the admins at Reddit. I hope their stock tanks and they lose their ass.
I got banned in 2022 for hate speech against Cops. Ive been lurking with libreddit.
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Reddit banned me for saying mean things about Elon and I'm not going back. Good riddance.
Apparently Elon Musk pressured them into Banning people, and they just went along with it which tells you everything you need to know
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Watching Star Trek with my pants down
I'm confused, that seems to imply there's other ways to watch Star Trek?
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Always buy puts for reddit. Can you imagine if lemmy ever went public? That'd be an IPO id skip.
Do explain how lemmy would go public
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That’s actually the main reason most left, Lemmy has never seen a bigger increase in MAU before or after the death of 3rd party apps.
Not to say the other stuff isn’t important, but for me Reddit WAS Apollo. Without it, it didn’t even feel like the same service. Enough people felt the same about their preferred apps that they left en masse in 2023.
I was one of those. Happily discovered Voyager. I go back, usually when a search link takes me there.
The mobile app is designed by people who I only imagine get paid by the bulk number of raw clicks/taps on UI elements.
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That’s actually the main reason most left, Lemmy has never seen a bigger increase in MAU before or after the death of 3rd party apps.
Not to say the other stuff isn’t important, but for me Reddit WAS Apollo. Without it, it didn’t even feel like the same service. Enough people felt the same about their preferred apps that they left en masse in 2023.
yep, reddit was RIF as far as i'm concerned. if RIF is dead then so is reddit
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Hey fam, I’m another Reddit refugee. I heard Lemmy is what Reddit was back in the day. Sad to see Reddit go to hell.
Politics are hotter than old Reddit, but I guess that goes with the times.
The "federation" aspect is pretty different in a good way. You see a lot of integration with Mastadon, for instance, as the Fediverse is trying to integrate with itself, and each Lemmy instance is like a little fiefdom with its own flavor and subs, whereas Reddit was always more of a monoculture.
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These days I go 50/50 on Reddit and Lemmy. I know it’s a chicken and egg problem for content, but hopefully 50% usage is enough to change things over time.
Same. Is your name related to the youtube channel?
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~Ha~
Ha
HA.
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You're right
it's time for me to post the weird porn
I'm unzipped and waiting, bud
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That’s actually the main reason most left, Lemmy has never seen a bigger increase in MAU before or after the death of 3rd party apps.
Not to say the other stuff isn’t important, but for me Reddit WAS Apollo. Without it, it didn’t even feel like the same service. Enough people felt the same about their preferred apps that they left en masse in 2023.
Yup, for me it's Sync. And Sync is doing a decent enough job of bringing me Lemmy content.
