Reddit’s 50% Plunge Fails to Entice Dip Buyers as Growth Slows.
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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.
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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.
Got banned over there a month ago, came here hoping to find something of a Sonic community in the same vein as the one over there (very involved in that fanbase, did a lot of my discussion on reddit), has not materialized yet, not enough fans over here, hopefully that changes at some point. I thought at first that it was the open support of Luigi's alleged actions that got me banned, I could be ok with that, I get it, supporting violence and whatnot, I broke the rules, and they were sensible rules more or less, but the longer I look at the current happenings over there, the more suspicious I am that it was because his name came up at ALL, multiple times. That's annoying. That feels less justified.
Also becoming more and more glad it happened when it did. Lot of overt, fascist appeasing censorship going on over there. Like it's not even subtle. There's no ambiguity in it, it's just "this post criticized or disparaged Musk or Trump in some way. (Removed from Reddit)."
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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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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.
have they resurrected that subreddit from 2016 era, name of which i will not repeat, but it was well fuck. i'm still not going to say it. it's not an "information hazard", it's a garbage sphere that accretes garbage
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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.
Thank you for such a long writeup to my simple question. I would definitely love to selfhost my own little lemmy instance someday in the future. It never made sense to me that this place was automatically better when it's just technically someone else's servers.
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Got banned over there a month ago, came here hoping to find something of a Sonic community in the same vein as the one over there (very involved in that fanbase, did a lot of my discussion on reddit), has not materialized yet, not enough fans over here, hopefully that changes at some point. I thought at first that it was the open support of Luigi's alleged actions that got me banned, I could be ok with that, I get it, supporting violence and whatnot, I broke the rules, and they were sensible rules more or less, but the longer I look at the current happenings over there, the more suspicious I am that it was because his name came up at ALL, multiple times. That's annoying. That feels less justified.
Also becoming more and more glad it happened when it did. Lot of overt, fascist appeasing censorship going on over there. Like it's not even subtle. There's no ambiguity in it, it's just "this post criticized or disparaged Musk or Trump in some way. (Removed from Reddit)."
I haven’t used Reddit since the api change but I suspect stating that Luigi mangione is a hero who did nothing wrong would get me banned on Reddit. Social murder is completely cool and ok. But actually killing the man who oversees the system of social murder? How dare you!?
