- cross-posted to:
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- cross-posted to:
- [email protected]
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.
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After the Inauguration, they had a bloodbath in February, permabanning many long-term, high karma accounts like mine (12yrs, 900K+).
These were the members who built Reddit into what it was, and after over a decade of high volume posting without getting banned, suddenly all of us made comments that earned permanent bans in the same month. Yeah, that’s plausible.
Now that they’ve ejected many if the members that made Reddit a lively place to debate, they’re stuck with novelty accounts, puns, bots, Russian Karma Farmers, shitposters, trolls, and general bullshit. I just went over to read some subs I love, and literally the first post I read was complaining about how long they had to scroll to get past the stupid puns to get to the real discussion.
Its been getting increasingly bad for a long time, but apparently it’s gotten far worse lately, now that they decided to get rid of the red meat and go vegan.
I like Lemmy, but they don’t have anything close to the active guitar forums that Reddit had.
Can confirm—I was a member since 2010. Got banned for logically going after MAGATs. Apparently, that’s not allowed anymore. What’s happening to this country—that people don’t even seem to have the cognitive capacity or basic mental equipment to recognize the freedoms being stripped from them in real time—is beyond disillusioning. It’s disappointing, devastating, and honestly hard to watch. And seeing younger generations, raised on flashing lights and internet brainrot, now stepping into adulthood? Oof.
Their only utility now is in five year old comment threads discussing niche topics, and that can only stay relevant so long.
Though half the time it’s
deleted
thanks that really solved my problem, you’re amazing!
I still have mixed feelings about deleting one’s whole comment history, though i also did that when I left reddit. it’s the right thing to do, but the amount of information lost because of greedy leadership is super sad.
I still have mixed feelings about deleting one’s whole comment history, though i also did that when I left reddit.
Same. I also did that. Mass edits + delete. I wish there was a way we could collectively move all that history to a non-commercial platform.
it’s the right thing to do, but the amount of information lost because of greedy leadership is super sad.
Also same. I backed up all my user data for sentimental reasons, but that’s hardly enough to be of any utility on its own.
I really did feel like I was participating in a community, and was doing something positive with all my posting. I was just treating reddit like any other forum from my youth, not really thinking how ofc it would become commodified and enshittified.
I feel like such a fucking idiot sucker. Over a decade putting in time outside work, lunch breaks, toilet breaks, morning, evening, just contributing to an IPO package.
don’t feel bad; you were contributing to a community. all the people that updooted your posts were grateful for the advice, laughter, kindness, or insight you gave.
it’s just over now, and we need to build new communities again. nothing lasts forever.
Don’t delete your account, scramble your past comments into AI generated gibberish. It poisons the well for AI and makes the site even more unusable by humans.
There is nothing like reading one or two sentences into a comment and realizing it is garbage.
Most of mine was on the controversial subs, it was better if it’s gone,
I left all my comments up. I decided it’s fine.
OK, so download it first, then delete it.
I remember the early days of Reddit when it really felt like a community project. Back then, they had the goodwill necessary that Redditors would have personally financed a chunk of the costs of running particular Subreddits. Not anymore. That goodwill is gone.
something something live long enough to see yourself become the villain.
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
It makes me sad. Such a great resource, gone, with no replacement.
For some medical inquire it’s still useful. But if your looking for politics or news, not a good idea, or subs where there’s para social fans of a specific show or actor.
For some medical inquire it’s still useful.
Anyone who would make a medical inquiry on Reddit, then believe what they’re told, deserves whatever dire consequence happens to them as a result.
Sucks to suck. Fuck Spez.
Look, we can all laugh at that guy. That’s it, that’s the end of my comment.
Tends to happen when you ban all of your users
He listens to swatsticars guy why would any care any more
If you deleted your content, reminder to go back and check it again. Despite running a deletion from my GDPR export data, yesterday I noticed a bunch of comments suddenly showing up on my account that weren’t there before so I i had to rerun the deletion.
Is there a way to delete your data if you’ve been site banned?
I’m not sure. If you can log in, probably. You can try a GDPR request, but reddit has refused to delete data under GDPR, saying deleting your name off posts and comments is sufficient.
Should also go back and check to see if you were unbanned. I was banned during the API purge, for mass editing+deleting my comments. First automod banned me from various pro-Spez subs when I started editing my old comments. Then when I repeated the edit+delete with my second/third/etc accounts, it “permanently” banned them site wide for ban evasion.
Went back a little while later, and all of my accounts were magically unbanned and all of the edits+deletes were undone. The benign explanation is likely that the ban(s) prevented any of the edits from actually committing. But the more tinfoil-hat explanation is that the admins want the site to look more active, so they rolled back bans so old content was still available and their user count appeared higher than reality.
it does explain why you could comment in subs you were banned years ago. i heard at least from the modhelp sub that permabans were supposodely to be 1-year before it gets unbanned, obvious repeat offendors get a lifetime ban(the spammers excessive account bottings). but thing is some subs dont update thier filters so they can ban you again, and trigger a sitewide ban.
There’s a non-malicious reason for this - if you used a script based on interacting with the website, when subreddits went hidden, it actually hidden your own comments from you. So they aren’t visible to automated scripts and then when subreddits go visible again, suddenly it looks like comments “came back”.
And this is compliant with GDPR?
“Your stuff was hidden when you made the delete request. But then later we made it un-hidden so oh well 🤷”
No, because what he’s describing is a self-run comment editing and deleting script.
GDPR account deletion works very differently.
Note I’m not defending Reddit here, as much as anything it’s advice for anyone (like me) who has to go back and re-run the script every few months because of those brave people whose form of protest is very temporarily inconveniencing themselves.
Is there a way I as an american can delete all my posts from my banned accounts?
i noticed when i deleted my primary comments, it was ommiting other posts, like controversial.
Been deleting my account regularly since 2024. You need to keep at it. It will eventually go away.
A “dip” is when the stock goes back up. This is a correction
I thought a “dip” was the CEO of Reddit.
Looks like we’re both right!
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.
they already made thier bank by selling thier shares a while ago, they dont care anymore.
Reddit has it’s problems, sure, but I just feel like the fediverse is a fresh of breath air.
We actually get to control stuff here. Corpo ran shit worked well enough on the 2010’s but that time has passed. I don’t really want to use any corporate crap ever again. I want indie self hosted servers ran by solarpunks and furries
When do we think Musk or Zucker going to buy Reddit, and call it something stupid? Redbook? xIt?
FaceIt? lol
Reddx? Sounds like a porn site.
A community is called a subx. So you might have /x/The_Elon, you can buy premium or coins or whatever using $Trump crypto. Russian bots are moderators. Truly a magical future to behold.
And a wrong upvote gets you a ban and a visit from the FBI
Die reddit.
You don’t belong in this world!
Boo hoo
Plunge baby, plunge.
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.
How’s Lemmy porn so far? I keep this account SFW
It’s getting better. Not nearly as much content but also not nearly as much only fans click bait.
So it’s ok, but reddits quantity has Lemmy’s quality beaten.
Short the dip .
Reddit is not coming back. I know when a site is dead
Yep it’s been slowly declining for years. There’s no coming back from what a shithole it now is
God I hope you’re right. Nazi Spez and his chud admins are gonna be shitting bricks when they realize elon isn’t bailing them out.
Elon just sold Twitter to xAI for 33B, Reddit bastards can probably do similar. Some dumbfuck at Google or Microsoft will probably buy it.
xAI is Elon’s AI company. I don’t think the value at which he is willing to sell his one company to his other company applies much to anything outside of Musk’s companies.
In fact him selling it to himself shows the price is probably inflated
Link to this? There hasn’t been anything in the news about such a sale.
plenty of news about it. but it is just elon giving his company to another company. Like facebook to meta or google to alphabet.
The funniest thing about it is, he valued twitter at 3/4th of what he bought it for.
https://www.bbc.com/news/articles/ceqjq11202ro
Other shit has been bigger news.
Thanks, I’ll give it a read.
We said the same thing about Facebook 15 years ago. Look at them now. Still twitching proudly with the vigour of youth while their teeth are falling out and their flesh is rotting.
“Run, motherfucker, run”
-snoop dogg
Burn baby burn, disco inferno
