Lol OP are you serious with this low effort shitpost? I’m all for shitting on Reddit but in case you’ve been living under a rock the past month, THE ENTIRE MARKET HAS GONE DOWN, OF WHICH ALL TECH HAS BEEN HIT THE HARDEST. I mean my God, what even is this community? Ya’ll drinking the Kool-Aid here hard.
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.
I am proudly permabanned from reddit for telling people to punch Nazis.
Punching nazis isnt mindless violence. Its violence against the mindless
Ooopsie, there goes your money. Not exactly a good idea to cross your community, is it?
Free Luigi.
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.
Sounds like they are panicing if anything
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
You guys are still using reddit?
Lots of local discussion groups that simply don’t exist on lemmy. I’ve tried getting them to move too.
No good drug sub here either
Trying to get drug ppl to change habits, am I right? 😏😂
I left however many days ago my Lemmy account says - from being a daily user ^
So it was me that caused it.
You’re gonna get so much ankle, hero.
I hope my dude is sitting down somewhere alone
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.
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.
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.
