Reddit’s 50% Plunge Fails to Entice Dip Buyers as Growth Slows.
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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.
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It's got triple digit p/e. The stock is doing fine.
Reddit has never made a profit.
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Lol I sold mine in January. I'm fucking Warren Buffet.
Now you have to explain why you bought it in the first place (j/k)
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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,
People left Reddit during the election. The new left pushing the Luigi good narrative just got spanked and migrated here, and the others that took issue with the retarded policies of the Dems and Republicans were also banned. Basically Reddit pissed off everyone regardless of where they were on the political spectrum. They're fucked.
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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 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.
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He will get a golden parachute if things get worst.
I think he's ready to pull the cord and stop hearing "fuck you spez" 999 times every minute
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Reddit has never made a profit.
P(rice of stock)/E(arnings)
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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.
Im watching political subs who are considered radical in the us ... they are much more sterile than this time last year
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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.
