Fuck Spez, and all that, but really, this chart isn’t much different from nearly every stock for the same time period.
I think that dip has more to do with Trump creating uncertainty in the market overall than any specific Reddit trend/policy.
Kinda…
For comparison, the S&P 500 felt 4% on the period, Nasdaq felt 7%. So 30% is really noteworth, Redddit is one of the stocks pulling the index down. But it’s not alone, and blaming it on any random cause isn’t right.
Yah, I was going to say the same thing. S&P not only dropped much less, it dropped at a different time and slope. S&P dropped in line with when Trump took office and has been relatively flat. Reddit has been on a constant decline since the start of the year.
It coincidentally happens concurrently with the purges
I agree with the OP that reddit is a dumpsterfire, but when you try to fit reasoning into everything, at some point you come up with something that fits, even though it is nothing but a coincidence.
I seriously doubt investors give two fucks about the content moderation itself
Do you mean “fell”?
It’s not going to be representative unless you compare it to the same cohort - tech stocks.
Which is why they mentionned the nasdaq
Also, the uncertainty should have been strong in import export or related companies. Tariffs causing issues, right? Reddit should have been somewhat resistant to that type of speculation.
[ Removed by Reddit ]
deleted by creator
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It’s funny cause I usually agree with the removed comments based on context lol
shortly after the article came out talking about how Reddit is bending the knee to Musky’s hissy fit, I received two notifications from Reddit; one, a 7-Day ban for “breaking multiple rules” but not telling me what actually happened, and after sending them an appeal asking what exactly I was banned for, I received the second notification, telling me that I was permanently banned for, again, “breaking multiple rules”.
as far as I’m concerned, I’m finally free.
I’ve been banned by reddit many times, but they always coincided with disagreeing with a mod. They don’t need to tell you what rules you broke when it was just a disagreement.
The one time this happened with me was with Worldnews after I told some racist shithead making derogatory, sexist comments against third world women (specifically, the Philippines, where I’m from) to shut up and stick to gardening. Got permabanned from the sub AND a 7 day suspension from Reddit. Racist guy got no punish of course.
So, it seems like this sort of thing commonly happens with big default subs, because I’ve never had a sub ban coincide with a Reddit suspension like that anywhere else.
I once got a banned from a sub for a comment I made in a completely unrelated sub. The Mod saw my comment, didn’t like it, but didn’t have the power to ban me in that sub, so they banned me in theirs.
I just got a 3 day ban for saying that it’s everyone’s civic duty to doxx anyone they know involved in this current administration’s nazi bullshit.
I still stand by that, and as soon as the ban clears I’m going to be wiping my account and closing it for good. Fuck that place.
I brought attention to some concerning moderation in spaces related to sex (and sexual assault recovery - a lot of subreddits are places for people to find victims to get them to tell their stories for “enjoyment”) and got some sort of IP ban a while back.
Keep in mind there’s circumstantial evidence that Ghislaine Maxwell might have been a power mod too.
Doxxing is against ToS and also just, straight up illegal lawfully in most places around the world, and wouldn’t be acceptable even on Lemmy. So I don’t really see that as an unreasonable ban, even if you had a good reason to say it.
Depends what you mean by “dox” of course. Definitions matter a lot here.
Sounds like they are panicing if anything
Commit Reddit suicide
r/redditseppuku
At least link to the Lemmy community:
They just told me I incited violence then kicked me out. No elaboration or anything. Now I’m here and finally free
Ooopsie, there goes your money. Not exactly a good idea to cross your community, is it?
Free Luigi.
Once upon a time I went to Reddit as a Digg refugee. Now I have come to Lemmy as a Reddit refugee.
Your username just hit me right in the feels
" you didn’t really believe that did you?"
Yes, I fucking did. And now I’m devastated to learn that cute harmless little hippos don’t live in my house. 😭
I miss media literacy Ads like the house hippo
I am proudly permabanned from reddit for telling people to punch Nazis.
I was permabanned for telling mods they have tiny peen syndrome.
Punching nazis isnt mindless violence. Its violence against the mindless
That was my first temp ban, years ago. I was shocked. You can’t be pro-Nazi punching?
I got a 3 day ban for agreeing that putin should die (after Selenskyj said it would soon be so) and the joking wish that his natural death also happens to his chosen successors.
Now im here.
Hey that literally just happened to me too.
They permabanned my main and unrelated business account for saying I didn’t care that Trump said Liz Cheney should be shot. Apparently not caring is also “promoting violence.”
Cheney is a warmonger who has called for the killing of millions in unjust wars. I don’t care if someone threatens her.
Oh yea I was banned years ago for not caring when Herman Cain died. Previously they would do it temporarily (like when he died they went on a spree) but now it’s just permanent bannings for wrong think over there.
Banned from politics after someone said there was going to be violence. I said “the tree of liberty and all that, right?”. Facism takes root when people self censor and over compensate.
Reddit seems like the worst company to invest in. The only thing they have of value is content created by other people in the past.
It’s not like the other social media platforms where people get trapped there for various reasons. Companies stay on Twitter, for instance, because they have followers and marketing that depends on it. I stay on instagram cause my wife and kids share things as well as organizations.
There was nothing keeping me on Reddit outside of the content. I don’t need to be on Reddit to get that content. And enough people have left Reddit and started building that content on Lemmy.
The only thing they have of value is content created by other people
This works great for YouTube, but Google is arguably the biggest ad company in the world. Just because an ad company with a sideline in user-generated content can make it work doesn’t mean that a user-generated content company trying to figure out advertising can make it work.
Not if used as a propaganda tool, much like rmFB, YouTube,etc
I mean there’s little point to become invested in reddit when they’re going skew that far right and then censor/delete and ban everything with appeals getting ignored.
Communities are having to over moderate. I can’t even say Fuck Christians or Billionaires shouldn’t exist without it being hate speech or violence, but rightiods get to spam their lgbtq hate. And the less said about violent Porn subs the better.
Truely a dark time 😮💨
r/guro is still up r/beastlove probably is r/guroerotica r/dykebreaking
Tons and tons of violent misogyny subs. There’s a family of them around “degrading women” or whatever.
This isn’t necessarily an opposition to people enjoying dark themes in porn. But these communities aren’t even quarantined. The comment sections often are disturbing and violent in a way that even wishing Musk an enjoyable mission to the sun doesn’t compare. It’s naked hypocrisy.
I think this is important. The fascists don’t have an opposition to porn, especially violent heterosexual porn. I’ve continued to hear about how Twitter is “good” for porn.
Like with the gore subreddits (i.e watchpeopledie, eyeblech) those subs need media attention first before getting suspended for good.
Those have been gone for a while but there will always be gore subs. I remember spacedicks from way back in the day when reddit was still “good”
I think the craziest part about these dark porn subs is Everytime I mention this topic people know exactly what I’m talking about and then mention names, and subs I’ve never even heard of let alone want to comprehend.
And people want to advertise on Reddit? honestly how has this not made more news?
I can find graphic descriptions of wanting to slaughter women (and men, but less) as well as tips and tricks on how to have sex with a dog in a matter of minutes on Reddit.
Maybe someone can post an erotic story about a space billionaire getting snuffed and see if that’ll catch Reddit’s eye.
Ah a new copy pasta between that and AI I’m sure something can be done. I don’t want to risk my sanity though
IMO, anybody who invested is a fool. AFAIK the only user-generated content companies that have made the model work are Google (YouTube) and Meta, and that’s because they’re the advertising duopoly that controls the Internet. Maybe TikTok, but that one’s a mess. Twitter couldn’t do it, even before Elon they were a big money loser.
So, what does Reddit have that other companies don’t? Nothing really. And now that they did their IPO their investors are going to start demanding growth, which means enshittification. But, unlike YouTube where there’s no viable competitor, or Facebook / Instagram where there are network effects locking people in. Reddit users are mostly pseudonymous. IMO that also means much more likely to jump to another platform like Lemmy.
I think Twitter did finally make some profit before Muskrat takeover, I remember reading a headline that it was finally profitable after 10 years or something
I seem to remember that they were just barely making it on one measure, and failing heavily on another. Like, they were just barely cash flow positive, but had massive debts and weren’t turning a profit. Or they were turning a profit on paper but their cash flow was massively negative.
They’re always measures that can be gamed. Like, you can be cash flow positive if you sell a bunch of debt for cash. You’re temporarily cash flow positive but definitely not profitable. Or, you can sell a bunch of widgets and mark down the revenue, but since you’re still waiting to get paid your cash flow is negative. That can be deceptive if you know a high percentage of sales are going to be returned.
Their IPO was priced below $100, thus far the model still works. I’m guessing they’ll go the way of facebook, with dwindling user engagement but somewhat stable ad revenue since people go there out of habit or through links from random google searches for obscure topics.
But Facebook has network effects that basically lock people in. If they leave they leave their friends and family behind. It causes a collective action problem. If you leave, your friends and family stay behind. You want some way to move everybody all at once, and that’s really hard.
But, because Reddit is based on pseudonyms, people don’t tend to form attachments the same way, at least IMO. That means you feel less locked in. As long as you can find people talking about those same subjects elsewhere, you aren’t as locked in.
In addition, Meta is part of the online ad duopoly along with Google. They’re really good at monetizing their users. Reddit is just a smallish website and can’t compete with that.
For now, random google searches take people there. But, that’s based on the idea Reddit isn’t going to lock results behind a paywall / registration wall, or Google isn’t just going to slurp up the results and present them so someone never has to click on the Reddit link.
They’re not below the IPO price yet, but they certainly aren’t growing all that fast. They spent most of the time since the IPO barely moving, then they had a 3 month growth in their stock price, followed by a huge dip. The investors want growth, and growth requires enshittification, and enshittification will make people leave.
Very good point, I didn’t really consider that. And now I feel bad for not replying more to your elaborate response, but there’s simply nothing else I could add.
Speaking of YouTube…I got banned yesterday for telling a troll he yapped like Pootang the Tiny’s performing poodles. Apparently that was harassment and cyberbullying…
Not that I agree with the ban but feeding trolls is a terrible pastime.
Please people, if you are going to look at stock prices, look back a year, two, or more. Reddit was slightly up from its 5 year point when in October 2024, like many other stocks, it wildly went up. It isn’t yet back down to the pre-October level. Someone (Musk and fellow billionaires?) have been playing these markets since the last US election to game money out of everyone else. There was no value in the business to justify the jump, just a pump and dump scheme to graft money out of the lower classes/pension portfolios.
This!!
It annoys me so much when people show stocks of a few wees as evidence that a company is doing bad. You should look a year back or more.
The entire stock market is down, BUT LOOK AT THIS ONE STOCK WITH THIS ONE THING THAT 100% IS THE REASON!!
How dare you ask people on the internet to have reading, interpretation and critical thinking skills and not just read the headline and immediately jump to conclusions based on superficial evidence at best?!
Go back and look at what people actually said. Because you decided to change the topic and then blame them for being ignorant, and I think that’s disrespectful to them and embarrassing for you.
Luckily it’s dropping again. Burn baby burn.
1M chart doesn’t show anything. We can see that the decline started on 7th Feb, together with US stock market in general. It has nothing to do with “Reddit siding with Musk”.
It does when you compare it to the market average.
You can’t make any decisions across one month only.
You can make comparisons, all boats are sinking, but a few of them are tied together, and one of the captains has a corkscrew.
What, you want them to wait until supporting fascism pays off?
Wut?
Not surprising seeing as theyve also been unjustly banning people again. Just got booted off the site today and was given zero explanation besides I “incited violence.” The link to the supposed “violation” didnt work then when I asked in my appeal they wouldnt tell me anything. Im left to assume its because my politics didnt agree with the current regime.
Musk has been pressuring them to go after critics of him, and the administration, and Reddit is capitulating. Cowards.
I suspect it is because they want to buy TikTok, and they know HitlerPig will award it based on appeasement and the bribe.
It’ll be funny to watch them start lifting those bans when they realize bending the knee to fascists isn’t gonna save the site. Oh well. They’ve shown their true colors as a platform.
I’ve wondered if that will happen once they realize they’ve chased off so many core members.
I’m not sure I’d return. I like the higher volume of posts on Reddit, especially in niche subs, but i don’t miss the bots, trolls, puns, novelty accounts, Russian karma farmers, etc.
I was sign up number 3 the day they added accounts. I made I think one of the 1st hundred comments ever. I’ll never go back for any reason. The place is a joke, and what people keep going back for are the memories of what it was, not what it is.
I don’t think i would. There would have to be mass firings and a complete restructuring of the company for me to consider that.
Given that Xitter is going down the proverbial toilet, I am surprised Reddt didn’t see the risks in turning their platform into a right-wing cesspool.
This is u/spez we’re talking about here c’mon.
Spaz IS a right wing cesspool. So it is to be expected
