Reddit’s 50% Plunge Fails to Entice Dip Buyers as Growth Slows.
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It'll fall won't be as dramatic as Digg but it will decline over time. Probably not have a major exodus event like Musk buying Twitter and renaming it and sending people to try BlueSky and Mastodon
Turn out like Y/a! Before it was completely shuttled in '21
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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.
Free speech being critical of right wingers and reporting them. Before it was the reverse, they found it right wing content makes drives more traffic
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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.
Why are so many people here calling Spez "Spaz"? Isn't that considered to be a slur similarly to the r-word?
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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.
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?
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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 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.
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Do you think people are buying it, though?
I've never seen so much cynicism against all things controlled media as I see today?You're in a nice bubble, I see lots of people buying the Russian propaganda shit.
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I understand we are sliding in that direction. My point is, once there, its harder to keep that regime alive.
How many people are okay with what Israel is doing? Or Russia? Or (now) the US? Despite the propaganda and censoring all over the internet, not many. Most people aren't buying it.
Once you're inside, the propaganda is all you get. See people in Russia and China. The repressions become draconian and people just go on with their lives in fear of losing them. With today's tech, I think fascism is actually easier to keep up.
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Once you're inside, the propaganda is all you get. See people in Russia and China. The repressions become draconian and people just go on with their lives in fear of losing them. With today's tech, I think fascism is actually easier to keep up.
I respectfully disagree. Cultural backgrounds also play a role and Russia and China have never known democracy.
Fascism in practice (not as a demented dream) is a harder sell in the West although we're not immune to it and we should 100℅ remain vigilant and fight it's grown at all costs.
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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.
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
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You're in a nice bubble, I see lots of people buying the Russian propaganda shit.
I think you're also in a bubble though.
Which is why I'm talking about people who aren't terminally online degenerates like us.
People who are largely apolitical, like my friends and family, none of them is supporting Russia.
I even went to a few protests in front of the Russian embassy. Would you be surprised to know that there were exactly zero protests in front of the Ukrainian embassy in Russia's defense?
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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 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.
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I respectfully disagree. Cultural backgrounds also play a role and Russia and China have never known democracy.
Fascism in practice (not as a demented dream) is a harder sell in the West although we're not immune to it and we should 100℅ remain vigilant and fight it's grown at all costs.
What West are you talking about? Fascism sensu stricto was invented in the West.
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I think you're also in a bubble though.
Which is why I'm talking about people who aren't terminally online degenerates like us.
People who are largely apolitical, like my friends and family, none of them is supporting Russia.
I even went to a few protests in front of the Russian embassy. Would you be surprised to know that there were exactly zero protests in front of the Ukrainian embassy in Russia's defense?
I'm definitely in a bubble, not in a terminally online one though. I'd say I exist in two sphears that don't overlap personally, rather spacially around me. One of them is an intellectual bubble that is overwhelmingly but not to a 100% full of people who oppose fascism of any flavour. The other one is a manual labourer or simple job worker bubble - I see a lot more diversity there, many people falling for different kinds of propaganda, superstition, fearmongering. Some of those are already hardcore nazis, some of them are sympathizers in some ways. They usually get informations from the TV, newspapers and friends, partially online as well - mostly Facebook.
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What West are you talking about? Fascism sensu stricto was invented in the West.
I'm talking the West that had Mussolini hanged upside down out on the public square once fascism was put to practice. The same west that had Hitler and his peers put a bullet to their heads, once their ideology was implemented.
Yes, these ideologies were invented in the West, doesn't mean we accept them wholeheartedly once they are implemented.
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I'm definitely in a bubble, not in a terminally online one though. I'd say I exist in two sphears that don't overlap personally, rather spacially around me. One of them is an intellectual bubble that is overwhelmingly but not to a 100% full of people who oppose fascism of any flavour. The other one is a manual labourer or simple job worker bubble - I see a lot more diversity there, many people falling for different kinds of propaganda, superstition, fearmongering. Some of those are already hardcore nazis, some of them are sympathizers in some ways. They usually get informations from the TV, newspapers and friends, partially online as well - mostly Facebook.
The other one is a manual labourer or simple job worker bubble - I see a lot more diversity there, many people falling for different kinds of propaganda, superstition, fearmongering. Some of those are already hardcore nazis, some of them are sympathizers in some ways.
That's fine, I'm not gonna disagree with this, however I don't see these people as a large, organized group that is bigger than the anti-Israel, anti-Russia status quo.
They usually get informations from the TV, newspapers and friends, partially online as well - mostly Facebook.
From TV, really? Maybe if you're talking about Fox News... That sort of TV doesn't exist in most European countries, Thankfully.
From the internet though yeah, i agree. But again, these aren't apolitical people at that point, if you're getting so involved in political discussions like that.
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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.
Is it fascism or corporatism?
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Lol I sold mine in January. I'm fucking Warren Buffet.
I’m fucking Warren Buffet
That’s an expensive habit, no wonder you sold your stock.
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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.
Running the elevator on the Death Star, eh?
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Those NSFW communities will have their culling, mark my words. The more fringe it is the more at risk it is. If reddit keeps NSFW it will end up like Lemmynsfw. Maybe even less interesting. With this stock dip Reddit has to be thinking about it.
I don't doubt it, so I'm drinking my fill while I can.
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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.
