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
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.
Everything they touch dies
I left when I couldn’t use the word “idiot” because it was a trigger word.
Sure Jan.
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).”
Any criticism of conservatism is grounds for removal now. I can’t believe it’s gotten this far.
Is there any Sonic community on Lemmy? Did you make one? I’m a casual fan, but I’d join.
!sonic@pawb.social is the biggest one I’ve found but it’s VERY inactive. You’d be better off going to a Sonic forum like the Sonic Stadium message boards, but those are a little less penetrable than something like reddit because EVERYONE there is a huge, dedicated fan, and it can get really strongly opinionated.
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.
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.
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.
Except AI companies are already using data from Internet Archive wholesale with paying them a cent.
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.
I was sign up number 3. I emailed Spez his own source code because he had the error reporting on his Web Server set to “VERBOSE”.
I was permanently banned for an answer in an AskReddit thread that amounted to “what is true in your line of work that you can’t say”. My answer was that (edit: as I work in a highly female-dominated field of social work 30 women for every man)… non-males are insanely violent and one of the huge lies that is held in the public consciousness is that “men are the violent ones” when the reality is all people are violent, and there’s a tremendous amount of IPV especially in same-sex partnerships. Banned for “advocating violence”.
Edit oops I edited the wrong comment lol
I reported a comment for basically saying that men are the only violent sex, and they temp-banned me for abusing the reporting system. The explanation message (canned, I’m sure) said that abusively reporting people is a form of harassment or bullying, or something like that.
Eat shit reddit, and fuck spez.
edit: Based on my experience and what others are saying, I have to wonder, were they trying to burn it down from the inside?
I had the exact same experience. I am a man that suffered tremendous amount of violence at the hands of my female caregivers and partners. I reported a similar hate-based comment against men and I got banned temporarily.
Sounds about right. The fact Reddit is killing off its best users is just a sign that Lemmy can bring us all back together.
Not to be cynical, but the same human sludge on Reddit is now here. There’s a major problem with the collective consciousness that a new platform won’t solve.
I’ve bumped into some of them. But I’d say there isn’t a bot infestation of fake users. Yet.
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DNC started astroturfing heavy around 2015 and kept pushing. It’s been an entire decade of slop on that hellsite
No surprise; It’s seemingly all bots arguing with other bots now anyway.
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Removing the messages option and instead replacing it with their stupid DM chat system, even for modmail
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Stating that later this year they’re going to introduce walled off paid sub-reddit
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That live stream nonsense they had a couple of years back
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Their A.I. answers integration
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Censoring users who mention ‘eat the rich’ and the name Luigi
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No longer allowing moderators of their own sub-reddit to change a sub’s status to NSFW (after the protests, obv), now requires admin to do this for them if the deem it appropriate
…who’d have guessed that these decisions were shit. Not the community who told them each time, again and again, right?
Fuck you, Reddit
Came over during the great 3rd party app API debacle. It didn’t even make the list. Am I old now?
I did the same long ago, but I did go back to reddit. I wish I’d learned my lesson at the time -__-
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Gee, that’s too bad. It would be a real shame if that piece of human garbage Steve Huffman lost everything. A crying shame.
Sadly I’m sure he already has a golden parachute prepared.
They all cashed out after the IPO. They’re probably laughing at the bag holders right now.
There may still be lawsuits, however. There are still many ways that he could lose a lot of what he gained.
🤞
He’ll cry his way to a trophy home and yacht
Ewww
Lets keep this about Rampart.
Would he not have already sold most when they went public?
He will exit filthy rich way before that. That’s the point.
I just don’t understand why a person would choose to invest in Reddit. What exactly is the value proposition here?
Surely people will enjoy pay walled content.
They source the data for AI.
However, their owner is a duck so he’s prob gonna atrophy users away, so it’s not an investment you’d go long on.
I’m so glad it will create and burn ever since they prevented RIF from working for their own ad-ridden version to be used.
I discovered the fediverse because I used Boost for porn subs before the API debacle.
I left Reddit today. I’m not looking back. I’m absolutely done with these organizations that bow to fascist whimsy and demands. Pathetic stuff from Steve and the admins at Reddit. I hope their stock tanks and they lose their ass.
Reddit banned me for saying mean things about Elon and I’m not going back. Good riddance.
Same reason I left. Why hang around to get yelled at by bots about “living in a liberal Reddit echo chamber” WHILE the entire site is sucking fascist dick the entire time?
I remember when I got banned for saying that hey maybe it isn’t hate speech to say that Israel shouldn’t murder children.
Israel has killed more women and children than any other demographic. They have committed a genocide and the US president has called for an intensification and expansion of the genocide. Even going so far as to say he wants to ethnically cleanse Gaza.
“You have been banned from r/worldnews for antisemitism and hate speech.”
WTF. It’s israel’s right to murder innocent people! /s
Can I get a “fuck Elon the Felon” my fellow netizen?
Yeah I made the jump a while back with the API thing, welcome
Hey fam, I’m another Reddit refugee. I heard Lemmy is what Reddit was back in the day. Sad to see Reddit go to hell.
More or less. There aren’t as many bots, and everyone is generally aware of traditional Internet etiquette (i.e. don’t be an asshole). Lemmy also feels as homogenous as early Reddit: college-educated white people in western countries.
I started joining forums back in the late nineties and I’ve learned every place on the Internet is in flux. Things always change. Back in the day, stuff would happen like we would lose hosting because someone got sick of running a niche phpBB forum or the moderation team would change. When social media kicked off, changes were driven by money. Facebook was a big gaming platform in my college years (Farmville), which feels completely foreign to today’s Facebook.
The smaller the community, the more stable it is. Some of those 20-year forums still exist, albeit in a much more diminished state. If a site/platform gets popular, that’s when things can change quickly.
Lemmy has already changed since I joined and I’m sure it will become something different in the future.
If it makes you feel any better, Reddit is and always has been shit. From their “fake it till you make it” days to the “narwhals and bacon” and then the RealFeelz™ community make-believe. It’s the people that made it what it was, the platform has always been a steaming loaf of shit.
edit: Oh wait, how could I forget the ViolentAcrez days. The LARPing mental case that had 300 accounts and VPNs before most knew what that was, and spent his entire LIFE trolling until he got found out by his employer who very publicly humiliated and fired his ass. The same fuckwit that Spez partnered with to run all kinds of scum subs like JailBait, etc. Reddit is shit, made by shit people. Good people accidentally found it now they’re leaving.
Edit… Oh what else? I was literally there before commenting so let me just see if I can pull from the steaming shit pile of reddit experiences I’ve had over the decades…
Does anybody remember her name? I want to say … S… Sahaya? Sahasha? I could be way off the beam so don’t let those guesses mislead you. There was a female who represented herself as a massive pillar of the community and posted almost 50% of the content. I and a few other people meticulously tracked down the fact that she in fact was an online marketer acting in a stealth capacity. The more savvy and experienced users at that time, remember this was like 2002-4(?), we could see through the ruse based on the pattern of her posting. Literally within 10 minutes of revealing the truth about her, she vanished, never to be seen again. So yeah literally the entirety of Reddit was a giant advertisement at first.
What else now? Let me have a few more bowls and I’ll see what else I can recall.
Reddit was killed by spez. RIP. Long live Lemmy! Hopefully it’s insulated from meddling by venture capital.
Politics are hotter than old Reddit, but I guess that goes with the times.
The “federation” aspect is pretty different in a good way. You see a lot of integration with Mastadon, for instance, as the Fediverse is trying to integrate with itself, and each Lemmy instance is like a little fiefdom with its own flavor and subs, whereas Reddit was always more of a monoculture.
Welcome! I came in with the blackout a year or so ago, it’s been fun to see more people show up over the months!
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Who told you these lies? Lemmy took the bad parts and called them features.
