Reddit

I mean things could not matter potentially but I left Reddit permanently and came here cause of this.

They have a price that's still hundreds of times above their earnings. The stock is comically overvalued. It isn't crashing and it has nothing to do with Luigi posting. Air is just coming out of an equities market that's been hyper-inflated since before COVID.

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.

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.

I am proudly permabanned from reddit for telling people to punch Nazis.

I gave up the game there after 12 years... of mostly lurking though.

Last week, I got a 3 day ban from Reddit. The next day it turned into a permanent ban. Reddit claimed that it was due to a comment made about a video, showing a coach pull the ponytail of one of the girls on his team. While I don't recall what my comment was, as the father of a HS girl who plays sports, it bothered me, but as a man in his 50s, who played football in the 1980s, who periodically got his ass kicked by his coach, when he screwed up, it didn't bother me enough to say anything terrible. Of course, they deleted the post, and refused to elaborate. I've been supportive of Luigi, and have heard that Reddit was coming after Luigi supporters, so I thought that could be the real reason. Who really knows?

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.

[ Removed by Reddit ]

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.

Ooopsie, there goes your money. Not exactly a good idea to cross your community, is it?

Free Luigi.

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 😮‍💨

Once upon a time I went to Reddit as a Digg refugee. Now I have come to Lemmy as a Reddit refugee.

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.

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.

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.

Luckily it's dropping again. Burn baby burn.

Federate. Anonymize. Consensus based moderation. Without that we succumb to tyranny.