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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[–] RawDog@lemmy.world 1 points 10 minutes ago

Good, Reddit has no place in the stock market and no amount of enshittification can save them from this fate.

[–] Mallspice@lemm.ee 27 points 1 day ago (2 children)

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.

[–] Ledericas@lemm.ee 2 points 19 hours ago

remember the first purges in 16-17' when trump was in power, GOP started complaining about online spaces hosting these "violent, illegal" activities, and subs got banned asap. now again, musk is complaining about the same thing.

[–] wtckt@lemm.ee 4 points 1 day ago (1 children)

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.

[–] Ledericas@lemm.ee 1 points 18 hours ago

forums are still alive and kicking, to certain niches though, not an "news/politics aggregate site like reddit. FB has enshittified itself when they went soely distributing russian propaganda intentionally, also require much more aggressive Data mining to sign up for the service, similar tow hat Glassdoor has become for job hunters.

[–] sith@lemmy.zip 18 points 1 day ago

Fuck Reddit.

[–] dwazou@lemm.ee 5 points 1 day ago* (last edited 1 day ago) (1 children)

Daily reminder that Reddit automatically gathers your data.

If you still have a Reddit account, change your privacy settings right now :

👉 https://www.reddit.com/settings/privacy/

[–] Ledericas@lemm.ee 1 points 19 hours ago* (last edited 19 hours ago)

its pretty given, seeing as how they are using googles recaptcha technology, and OPEN AI to allow access to data/content, plus its useful for troll farms from russia in general, since its allows targeted propaganda messaging.

specifically REDDIT like google as recaptcha v3, which is a more spyware-ish where it records your acitivty on the site to "looking for botting" behaviour.

[–] markon@lemmy.world 10 points 1 day ago (1 children)

Reddit is kinda dead it now

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[–] carrion0409@lemm.ee 35 points 1 day ago* (last edited 1 day ago) (11 children)

Good. I got banned just today for "inciting violence" then when I asked what I did they couldn't tell me. Musk pressuring spez into harsher moderation is probably part of why I was actually banned. I followed every rule but was active in left wing communities and it seems that's enough to be deplatformed under the trump regime.

[–] Ledericas@lemm.ee 2 points 18 hours ago (1 children)

Oh yea the generic "site wide ban message doesnt even tell you what the violation was" i think it gives reddit arbitrary and vague reasoning to ban you.

[–] carrion0409@lemm.ee 1 points 18 hours ago

I really hope the company burns. It became everything it used to make fun of since Spez took over.

[–] lydon_feen@lemm.ee 12 points 1 day ago (6 children)

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

[–] Ledericas@lemm.ee 3 points 18 hours ago

you got brigaded by pro-russian bots, and yes russian backed trolls do mass report people too.

[–] Doctor_Satan@lemm.ee 7 points 1 day ago (5 children)

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.

[–] Ledericas@lemm.ee 2 points 18 hours ago

sounds like you were part of the ban waves going on. there was one around the election, another around DEC mid, we noticed because reddit was extremely quiet of all propaganda for like a day or 2.

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[–] surph_ninja@lemmy.world 38 points 2 days ago (1 children)

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.

[–] GreatDong3000@lemm.ee 2 points 1 day ago

They can just count all them bots as active users. Much like twitter

[–] SpaceOctopus@lemm.ee 29 points 2 days ago

Hey cool beans we're the direct result of that! What good news!

I trust reddit as far as I can throw it these days.

[–] supersquirrel@sopuli.xyz 34 points 2 days ago

One man's slowing growth is another man's hardening growth (me, from reading this headline).

[–] RedFrank24@lemmy.world 68 points 2 days ago (5 children)

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.

[–] Ledericas@lemm.ee 1 points 17 hours ago

its only use now is a propaganda machine, much like X is now, or it will be soon like X.

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[–] hikuro93@lemmy.ca 35 points 2 days ago

I mean, with all the censoring and pandering to Musk, allowing for entire bot swarms to the point it really becomes obvious it's happening - who could have predicted this?

That's right, kids. Allying yourself with fascist tendencies in any way, shape or form will hurt you in the long run. Just provide the damn service people are looking for and stop playing god, trying to use your platform to shape opinions and censor statements you or your buddies don't like.

[–] Cocopanda@futurology.today 140 points 2 days ago (39 children)

They’ve banned all of the good people that made up the site. I used to do Secret Santa. For 10 years! And I had mothers thank me for making their kids holidays. And they banned me. Because I made a death joke about how old McConnell was. Dude looks like death walking. Prove me wrong.

I was a good user. Dark humor isn’t hurting anyone. Reddit will die. Just like every other popular site.

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[–] Apple87sagan@lemmy.world 2 points 1 day ago

Everything they touch dies

[–] LePanTheOpticon@lemm.ee 27 points 2 days ago

Shouldn't suprise anyone especially with the recent grovelling before Musk.

I've created this account here today particularly because I found that behaviour absolutely disgusting.

[–] HulkSmashBurgers@reddthat.com 23 points 2 days ago (10 children)

I wonder how long until they ban porn. That'll kill it dead for sure.

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