Reddit’s 50% Plunge Fails to Entice Dip Buyers as Growth Slows.
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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
Reading threads from even 5 years ago makes it painfully obvious reddit is dying. Its mostly repost bots now, and the upvoted comments often have the conversations out of order or have generic fortune cookie like responses.
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I didn't want to put piefed yet since it's still developing, but pretty fast and hard to give them credit. Is one I most looking forward to because of their topics and feeds. I thought I'd appreciate mbin having built in sorry for microblogs, but I didn't even explore much of it
Yeah I was excited about Kbin.social as well, both for not being developed by political extremists and for having more capabilities. However, like you I never ended up using that whole microblogging style bc I simply prefer the Threadiverse format so much more.
PieFed is indeed developing FAST! But there are minor to moderate annoyances while trying to use it so yeah, I understand people not being ready for that yet. Fwiw, if you were just wanting to avoid being on the server that uses the bleeding edge codebase (PieFed.social), there are a few others, namely https://feddit.online/ (for the list of others see here: https://join.piefed.social/try/, with additional information at https://piefed.fediverse.observer/list).
It's fantastic to have choices, whether we decide on PieFed, Mbin, or Lemmy to meet our needs on the (Threadi-)Verse!:-)
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I just don't understand why a person would choose to invest in Reddit. What exactly is the value proposition here?
Surely people will enjoy pay walled content.
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Genuine question but how can we trust our respective lemmy instance to not be as corrupt?
There's no money in running a lemmy instance. Donations are unlikely to pay for the costs, much less a living. Also, you can always switch instances, although for this reason it is concerning how big lemmy.world is in comparison to other instances
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I remember when Reddit threads would have 50000 plus comments on the regular that felt like real discussions where karma kept the assholes in control. The front page always felt full of new things and it felt democratic in a way. In recent years it feels empty, algorithmic, and just kind of sad. Reddit felt like a safe place even with some of the grimier subreddit becoming popular. Now it's just a oligarch pandering Nazi sympathizer platform. I was on there for 12 years and am happy I left it behind.
Sadly i have to be there as its the best place to get news about the place im living in , our newspapers work for our govenment and other channels are usually controlled opposition ... reddit is the most trustworthy (its so ironic to tell you that but it is)
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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.
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Genuine question but how can we trust our respective lemmy instance to not be as corrupt?
You cannot. You never could. The difference that the Fediverse makes is that you can make your own instance.
Slight side-track here: in many ways Lemmy is even more authoritarian than Reddit, this is basically a Reddit 2.0. Here there is a modlog, but no modmail, no notification of a moderation action, no ability to ask questions as to why (if only so that you can avoid doing so again?), especially when the modlog merely says that the action was done by "mod" (so even if there were a moderator chat somewhere, or you wanted to send a DM, who would you send it to, unless you send it to literally all, thereby risking getting yourself getting banned from the entire instance for legitimately spamming DMs!?).
On lemmy.ml, people routinely get instance-wide banned from communities that they've literally never even so much as heard of!? More importantly, for a rule that is never written down anywhere or explained to new users. On midwest.social numerous people have been banned merely for downvoting posts or comments offered by the instance admin, or for submitting reports (not spamming, just one) literally calling out cries for (not against) murder - ideological purity testing is real there. Meanwhile back on lemmy.ml, I can point you (if interested) to an actual conversation where a moderator tells a user that he wants to kill him - but ofc he is protected by the instance admins so nothing will ever be done about such occurrences.
Now you understand, the "freedom" that the Fediverse offers is not extended to the users, but rather to the instance owners. If you want that freedom, you have to start your own server. Or join one that offers it downwards to its users.
PieFed offers MANY features facilitating democratization of moderation. Discuss.Online, a Lemmy instance, is quite well-known for allowing freedom to its userbase (though being located in the USA... for how much longer?). There are others - these are just ones that I definitely know about and recommend.
TLDR: you cannot and never could, that's a misunderstanding of the concept of the Fediverse, though there is potential to make freedom happen here, unlike Reddit where it's a lost cause from the start.
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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 wonder how long until they ban porn. That'll kill it dead for sure.
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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.
One man's slowing growth is another man's hardening growth (me, from reading this headline).
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I wonder how long until they ban porn. That'll kill it dead for sure.
literally one of the 2 reasons I haven't quit reddit completely (the other being I'm slowly deleting all my comments)
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I’m fucking Warren Buffet
That’s an expensive habit, no wonder you sold your stock.
Dude charges a million bucks for an hour lunch with him. Imagine how much an overnight special with Warren is
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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.
Let's pick a day and everyone short it
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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.
I discovered the fediverse because I used Boost for porn subs before the API debacle.
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I wonder how long until they ban porn. That'll kill it dead for sure.
It's got triple digit p/e. The stock is doing fine.
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Lol I sold mine in January. I'm fucking Warren Buffet.
I'm surprised he can still get it going at his age, but good for both of you
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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.
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.
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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.
Don’t forget Molly cokeketamolly. It’s a Bay Area classic
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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.
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:
- The vast vast majority of data on Reddit has already been sold, so you can't rely on that data for future revenue
- 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.
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I wonder how long until they ban porn. That'll kill it dead for sure.
Idk, I doubt the advertising partners really have a problem with reddit porn. This dip is likely a reflection of the article linking reddit moderation policies to Elon Musk (absolutely hilarious that he's so toxic to stocks he's killing other people's companies now). I don't think this is even a reflection of a drop in users yet,
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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
I saw more and more recent comment authors had the "closed account" icon before they shadowbannned me. A noticeable uptick in the last two weeks. That wasn't uncommon to see before, on comments that were years old, but I saw it more and more.
I think they're using AI to get rid of anyone who's "too much trouble." I broke no rules as far as I know. Didn't glorify violence or bother anyone. But I did talk about politics.
