this post was submitted on 28 Mar 2025
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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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[–] wise_pancake@lemmy.ca 49 points 4 days ago (2 children)

Reddit has very weak leadership in my opinion.

I wouldn't be betting on them, especially when their user base is going to want them to stand up for them and the Elon fiasco shows Spez won't.

It's a tinderbox before the next large Reddit protest happens again and more niche communities splinter off to the fediverse.

[–] FourWaveforms@lemm.ee 14 points 4 days ago* (last edited 4 days ago) (1 children)

Reddit is the Titanic, leadership is the iceberg, and the fediverse is the welcoming ocean.

[–] wise_pancake@lemmy.ca 8 points 4 days ago (1 children)

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.

[–] Ledericas@lemm.ee 1 points 3 days ago* (last edited 3 days ago)

Would lemmyy be brittania,

[–] KingThrillgore@lemmy.ml 9 points 4 days ago* (last edited 4 days ago) (2 children)

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.

[–] tigeruppercut@lemmy.zip 5 points 4 days ago

The mods that didn't capitulate were forcibly removed

[–] Ledericas@lemm.ee 1 points 3 days ago

Powermods also control dozens of subs each.