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.
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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?
Reddit has proper moderation. As in actual people moderate it. It basically has a lot of content that was verified by 'experts'. And they do it for free.
In the age of bots, fake news and AI generated pages Reddit is a pretty good source of actual facts. Search engines lean on it more and more so it means there's bunch of money in it.
At least that was the plan. If people will stop moderating there because of politics it's worthless.
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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.
Reddit is kinda dead it now
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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.
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Idek wtf i said lmaoo. Atleast you got told you were deplatformed for daring to disagree with the regime. I just got shown the door. This place seems much nicer though.
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Holy shit, me too.
They said I threatened violence because in a thread about Putin potentially being sick, I said I wished he had a painful slow death.
Apparently even bloodthirsty dictators get to have their poor feelings protected by Reddit.
Fuck Reddit! I'm just gonna abandon that shit platform
I had two main accounts. My oldest account got permabanned for a joke about Nick Fuentes. After his address got doxxed and he pepper sprayed a woman who rang his doorbell back in December of last year, I said "hey as an incel he should be happy that the ladies know where he lives now so they can share a cocktail with him", and I added a cartoon gif of a Molotov. It was obviously a joke, but they said it was "promoting/glorifying violence". I ate the bullet on that one because they were technically right, even if they were a bunch of humorless twats.
My other account got banned about a month ago when I up voted a comment that was just a picture of Luigi Luigi (the Nintendo character) smoking a cigarette. Again for "promoting/glorifying violence".
Elon Musk is a weak little crybaby and Steve Huffman is a pathetic coward.
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Reddit is kinda dead it now
Well played. Take my upvote.
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I wonder how long until they ban porn. That'll kill it dead for sure.
Tbh I think X has the market corned there.
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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
I have no idea what you're talking about and I'm intrigued.
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I have no idea what you're talking about and I'm intrigued.
there was a sub called 'the donald', wanna say there was an underscore in there, that started as a joke but was co-opted
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The value of Reddit is the content which it is able to create. If users aren’t free to create content, there is not value.
It certainly was what people drove there. That doesn't make money. The only value that counts for the bottom line is the data ultimately for marketing purposes. And the reach and trust that makes it great to sell shit.
It'll also be a great propaganda vehicle. Which might be worth even more in the current climate.
Anyways Reddit is dead. It ran far longer than many thought. But I think the cadaver won't stay fresh long enough to be eaten.
I think many of the tech giants are becoming scared. Because it might be a bit of hassle to just use another platform ultimately it's fucking easy to migrate and the when the momentum is there it can go pretty fast. No one really needs Amazon or Facebook or Reddit. And people really are pissed off. Fuck them. All these valuations for tech are just ludicrous when in the end the main driver is selling people shit more effectively.
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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.
Its been documented the return per user on reddit is the lowest of all the social media sites. Nobody will run ads there.
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You can just use a bot/service to do that. It’ll even edit them before deleting them, so if it’s ever recovered it’ll just look like some gibberish random words
someone else linked one called "shreddit". haven't really looked at it yet
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I had two main accounts. My oldest account got permabanned for a joke about Nick Fuentes. After his address got doxxed and he pepper sprayed a woman who rang his doorbell back in December of last year, I said "hey as an incel he should be happy that the ladies know where he lives now so they can share a cocktail with him", and I added a cartoon gif of a Molotov. It was obviously a joke, but they said it was "promoting/glorifying violence". I ate the bullet on that one because they were technically right, even if they were a bunch of humorless twats.
My other account got banned about a month ago when I up voted a comment that was just a picture of Luigi Luigi (the Nintendo character) smoking a cigarette. Again for "promoting/glorifying violence".
Elon Musk is a weak little crybaby and Steve Huffman is a pathetic coward.
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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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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.
They can just count all them bots as active users. Much like twitter
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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.
Remember that Reddit automatically gathers your data.
If you still have a reddit account, go to settings right now. And prevent reddit from selling your data.
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Yeah they've come out and said recently that even interacting with any content or comments that could so much as be perceived as being related to Luigi Mangione is a violation of Reddits policies against promoting violence. People have been getting warnings that their accounts are in danger of being permanently banned just for visiting certain subs. Not for posting. Not for commenting. Not even for voting. Just for visiting.
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Yeah they've come out and said recently that even interacting with any content or comments that could so much as be perceived as being related to Luigi Mangione is a violation of Reddits policies against promoting violence. People have been getting warnings that their accounts are in danger of being permanently banned just for visiting certain subs. Not for posting. Not for commenting. Not even for voting. Just for visiting.
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All the people that ruined the site will get a nice golden parachute. The C suite doesn't give a shit what the company actually does. They are there to make sure the important investors get a return on investment and that is it.
Oh the executives will be fine. I already hate them, no worries.
