Reddit is pretty useless for getting any kind of advanced information on any topic. The impression I had of the US election based on it was completely out of line with reality, so in that case it couldn’t be trusted as an accurate source of information on current affairs.
People are addicted to it, but you’d have to be pretty sad to pay for it.
Blocking ads on it is a trivial matter. It never made any money.
The question is why did anyone think it would ever be worth much at all.
The impression I had of the US election based on it was completely out of line with reality
I’ve largely switched to Lemmy for the past two years, but this was really the last nail in the coffin for reddit for me too. It’s an enforced echo-chamber and no longer a reliable source of information. It’s hard to notice how bad things are when the politics are leaning in your direction, but once you see it, you can’t unsee it, and it feels gross.
Lemmy is obviously pretty politically homogeneous too, but the difference is that I don’t feel like someone is trying to trick me. Topics and and sources are clearly influenced by the individual posters’ opinions, but it doesn’t feel like there’s a coordinated behind-the-scenes effort to push an agenda, which makes for a better vibe.
Are you an Apollo exile?
I was a “Reddit is Fun” user for at least a decade
I literally just uninstalled both rif and rif premium 1 minute ago. Their last update was June 2023. I can’t believe it’s been that long.
For me, it was the massive uptick in bans that proved the manipulation was real
So this place isn’t overrun by bots. Awesome. As someone new here, are there fewer bots bc it’s a smaller audience, or are there actually protections against bots?
So, it’s all down to federation, essentially. If an instance allows its users to act in bad faith (lemmygrad, exploding heads, etc), then typically people will ask their instance admin to defederate from them or else move to a server that will. And if you can’t find a server you like? Great news! Just pull down the source code and start your own!
lemmy.world news and politics subs mirrored reddit strongly during the election shill op
people were banned to ciritizing Kamala’s campaign. Any discussion of 3p was also banned.
With that being said… federated nature permits people with different opinions to find other subs for discussions.
There’s a difference between being banned and being downvoted to oblivion for pushing idiotic tactics.
i said banned…
Lies
Its value is equal to its usefulness as a propaganda organ. Twitter wasn’t purchased to make money. A megaphone is more of a tool than an investment.
Dunno, I think Musk was forced to buy it, then he suggested it was going to be all sorts of things while massively cutting costs, before pivoting to giving Trump a quarter of a billion in order to get access to government.
I don’t think there was any intention to buy twitter for propaganda, and I haven’t seen any evidence that shows to what degree (if at all) it helped Trump get elected.
I mean, you DO understand that the current situation involves granularity like we have never witnessed before, algorithmic fuckery that we have been warned about, and the fact that access to Twitter data in controlled by the guy who initiated all of the fuckery involving twitter, right? What I’m saying is that your standard for evidence is not in touch with the current reality. Fortunately, this guy can’t seem to hide his intentions, so we really don’t need an in depth analysis. The only ones who would wish for the rest of us to demand such a thing in order to believe what we are seeing in front of our very eyes are the ones who would benefit from the truth being obscured… Oh. I think I understand now
I wish I was naive as you.
Stop, stop! He’s already dead!
Reddit is pretty nice as a source of information, but mostly on smaller and more obscure things, not big political topics like US elections… that’s what the last year has taught me, at least.
I thought they were supposedly going to be making money selling training data for AI’s.
And what is an ai trained on reddit going to help with? Misinforming people on specialised topics, or misinforming people on current affairs?
Edit - I suppose you might be able to train an ai not to reply as per replies on reddit, dunno.
lol
Fuck if I know. I never said it was a good idea!
Did Luigi save us from reddit? What can’t this man do?
You can’t shove ads to people if you ban them all the time.
I don’t know the actual numbers but that would only apply if their base of active users has significantly declined
That was a joke. I don’t know where Reddit gets money from, so no idea on what the price of their shares depends on.
I know only that they are morons and degenerates.
There are more than enough bots to prop up those numbers.
Eventually that backfires hard. There are ways to measure the effectiveness of ads and bots don’t buy shit. The number one ad on reddit is “buy some ads, people love seeing and clicking on reddit ads!”
Reddit ads are terrible, no one clicks them, they all use clickbait post titles, and there’s more each day.
There was a smart way to monetize reddit, their choices make it clear what kind of people are making decisions at reddit.
Ok, so this is kind of pathetic, but my main account was banned over a week ago but I am attached to my subreddits enough that I kept browsing. You can totally navigate your subreddits, you just can’t comment. They even let you up/down vote though I doubt it actually gets counted.
Anyway - they can totally still serve you ads from a banned account if you are a fool like me.
This particular decline was caused by a bunch of insiders, including one greedy pigboy, selling some of their shares.
That’s not necessarily a sign of any problems at the company, though. These insiders are probably carrying this equity from before it ever went public and sell shares periodically as part of their (insane) compensation. For instance, the aforementioned greedy little pigboy sold $2m according to that article, but still holds more than $90m at current valuations.
There have been multiple sellers since the end of Feb that have had an impact. Pays to be an insider lol.
Specifically, insider Benjamin Seong Lee sold 92,299 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $157.35, for a total value of $14,523,247.65. Following the transaction, the insider now directly owns 115,001 shares of the company’s stock, valued at approximately $18,095,407.35. This trade represents a 44.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Michelle Marie Reynolds sold 11,965 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $157.41, for a total transaction of $1,883,410.65. Following the transaction, the chief accounting officer now owns 48,418 shares in the company, valued at $7,621,477.38. The trade was a 19.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In other news, CEO Steve Ladd Huffman sold 14,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $160.30, for a total transaction of $2,244,200.00. Following the transaction, the chief executive officer now directly owns 597,515 shares in the company, valued at $95,781,654.50. The trade was a 2.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
That’s not necessarily a sign of any problems at the company, though.
It’s a very strong sign that there aren’t a lot of people waiting to buy.
But then, as many people already commented, the market is not very hot right now.
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Yes, but 40% is insane. Thats not just the markets 1-2% blood red days
When there’s a sellout “meme” and tech stocks with a lot of hype are amplified, and Reddit is 100% that.
See: it’s still up 165% over a year. The gyrations are insane and not tethered to its actual value, but basically a bunch of gamblers.
It was wildly overvalued to begin with. Even at 40% down its overvalued. It has a negative EPS. It can be replaced with a ragtag group of federated instances.
Its not worthless, but its not worth 133 a share cmon…
Special price on Tesla this week. :)
This may just be a general trend. I don’t know if you looked at your portfolio recently but everything has tanked.
By four percent, not forty.
Reddit sucks! 12 year user and getting banned for upvoting ‘promoting violence’! I hope it goes to 0
Deleted my 14 year old account today; wasn’t banned (yet) but fuck if I’m sticking around for this 1984 bullshit.
I’m a 12 year too and just switched over when they blocked Boost last week (so, right before this Luigi stuff). I have to say, after a little learning curve, I like this experience a lot better (still on Boost, BTW). Keep on tanking, Reddit; the more users that jump ship, the better. I’m planning on backing up my post/comment history before I delete my account, but otherwise I won’t be looking back.
Welcome! Glad to see all the new users here.
Thanks! I’m sure more users will come over given what they’re doing
$134? Actually insane
When you start banning long-term users over bullshit. This happens. Hope it crashes and burns all the way to the ground.
Uhh guys I hate reddit too but the entire economy is tanking.
This isnt a reddit thing and has nothing to do with reddit itself
Compare to s&p 500, nyse, NASDAQ, etc.
It’s down all around but not 40% down
Pretty simple - same folks who bought Xitter and Trump are pulling their $ out until Reddit starts censoring shit they don’t like. It’s not a coincidence that “Luigi” became a banned word last week.
Seems like some owners of the stock, would be people that like using reddit. Which is in decline as well
Still overrated. Bad policies are being enforced and neither the algorithm nor the community are what they used to be.
Fuck the Y graph doesn’t start at zero though.
Well, I guess that’s related with the boycott to American products.
I don’t understand what that would have to do with a social media site
The movement it’s expanding to all areas. Check the group Buy from Europe, inside Reddit, you’ll see that people are trying to go as far as possible. Also, the Dollar is loosing value against the euro lately
