Summary
Reddit shares have dropped 50% from their February peak, when the stock had soared over 500% from its $34 IPO price last March.
Much of the early enthusiasm came from AI-related deals allowing Reddit’s content to be used for training models, but recent doubts about long-term growth in the AI sector have dimmed that optimism.
Analysts remain skeptical and some call the stock “super overvalued,” noting Reddit still is not making any money.
Market uncertainty and early investor sell-offs continue to weigh on Reddit and the broader tech sector.
Plunge baby, plunge.
Reddit is not coming back. I know when a site is dead
Bye bye…officially deleted my reddit account. Enough interaction on here I can 100% make the plunge now. Sad because I have been there so long. But I rememeber when digg died, and its time to move on.
I was there for diggs death. I was a young college student.
I held off on Reddit and enjoyed a lack of that style of addiction for like 2 years. Then slowly reddit consumed me.
I haven’t been back for anything but porn since the API-pocalypse.
Short the dip .
“Run, motherfucker, run”
-snoop dogg
Lets take a platform driven by community participation and ostracize community users. Yeah that’ll work out well.
Reddit getting Digged and me likey.
That is a deep cut reference. They are relaunching as an AI play.
That will bring back the people who were providing the free content.
(/s on the last part)
Seriously. I remember Digg. My life’s social media path has been slashdot->digg->reddit->lemmy.
I was there! I saw it all! <shakes cane>
Aww, did Spez trade the family cow for some “magic” beans?
Good luck rebuilding the farm now, buddy.
Spez fundamentally misunderstands what Reddit is and who it belongs to: the people making the posts and providing the content. The more he alienates the users, the less value Reddit will have. He’s shot himself in the foot and he’s getting ready to fire again.
Oh he does, he just doesn’t care.
The line goes up, then you sell out to some anticompetitive behemoth to eat before it implodes. That’s how it works.
Tends to happen when you ban all of your users
Spez can suck a taint. I was on there forever and immediately bounced once that bullshit banning stuff started happening. Should have left sooner but that was the final straw
Yeah, same here. It took a few things over time to ultimately get me to leave, but my finding out many of my comments were being shadow-removed was it.
lol. It’s only going to get worse. The site used to be the top place to look something up, now it’s just going to be full of deleted answers and disappointment.
Its already increasing hard to find relevant posts when doing a Google search with reddit in search. Most posts are from 2 years ago with low upvotes for niche topics.
This does make me happy
Maybe if they didn’t ban their (majority) liberal users for having “opinions” on the current government, after nonstop rhetoric from conservatives.
deleted by creator
Everyone with half a brain knows that enshitification and pandering to CEObro echo chambers result in the platform losing large amounts of users or even dying.
I hope reddit dies.
I’m doing my part!
I got banned and figured it was a good time to kick the habit any way.
It’s much healthier without constantly seeing some bad-faith, AI-crafted post that tries to get under your skin, prying open your values and baiting your outrage so you can think you’re actually achieving anything of value by biting the bait and trying to correct morons who aren’t even real humans.
I do not miss the site.
Then they’ll all come here
Found a picture of avg Lemmy user blasting their Reddit accounts away.
Honestly reddit is still underrated in terms of social media value but it’s a doomed platform from management pov. Its just so leaderless and spineless rn.
I hope people keep buying and that it keeps losing money. I hope all these assholes investing in it lose a shit ton of money.
