Reddit’s 50% Plunge Fails to Entice Dip Buyers as Growth Slows.
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This is basically it. It is just harder to run a fascist oligarchy these days. People are way too connected and are sympathetic to other people from other countries. The propaganda can only go so far.
That's where Russian trolls come in,
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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.
Lol I sold mine in January. I'm fucking Warren Buffet.
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There may still be lawsuits, however. There are still many ways that he could lose a lot of what he gained.
I think you mean presidential pardons
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That's where Russian trolls come in,
Do you think people are buying it, though?
I've never seen so much cynicism against all things controlled media as I see today? -
Came over during the great 3rd party app API debacle. It didn't even make the list. Am I old now?
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Not to mention how many posts are made to get you to react viscerally, instead of engage with the community - things like AITA seem especially prone to this.
Politics is the most obvious, most of its run by AI
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Wait until they figure out that reddit provides very little of value. The users are the ones who post content and keep the site alive.
Reddit sold its user data for AI training that is the sole purpose of why spez allowed the site
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i wonder if reddit will eventually ragequit and restrict access to all content in there before trying to sell it off
They will paywall first or become like Facebook, require more and more about your personal identity, like face scans, IDs,,etc
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I got banned in 2022 for hate speech against Cops. Ive been lurking with libreddit.
Did you know many subs are controlled by former and current Leo. Justiceserved, legal advice, publicfreakout,,etc
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Same reason I left. Why hang around to get yelled at by bots about "living in a liberal Reddit echo chamber" WHILE the entire site is sucking fascist dick the entire time?
I remember when I got banned for saying that hey maybe it isn't hate speech to say that Israel shouldn't murder children.
I was chasing in R/pics that the OP was barking up the wrong tree about Gaza, blaming of course Biden but no Republicans ever
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I think I linked to it before here months ago but Reddit won't let mods go dark without prior authorization. The mods basically gave up any means of meaningful protest outside of leaving by capitulating during the API revolt.
Powermods also control dozens of subs each.
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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.
Would lemmyy be brittania,
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There is no growth potential at all. They regularly bleed large numbers of users with their rando-bans, and the new user experience is so terrible that there is no reason any new person would ever want to use it.
This time, they overdid it. Since Nov 5th there were at least 3 ban waves by Feb 13th. The same time I got banned, now we are in the 5th to 6th ban wave right now. This way more than normal
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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.
