Bloomberg - Are you a robot?
www.bloomberg.com

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.

Non-paywall link

  • antisocialite@lemmy.todayEnglish
    881·
    2 days ago

    The censorship going on there is crazy. I understand a site needs to tamp down on violent rhetoric but they crossed the line into absurdity. They banned me for calling out the racism in the GOP platform.

      • lythium@lemm.eeEnglish
        14·
        2 days ago

        Thanks! I came from Reddit too. Looking for a safer place to stay in touch with the community. Are we allowed to say the name of Mario’s brother here?

        • exixx@lemmy.world
          18·
          2 days ago

          You can not only say Luigi, but you can also say that you wished it had started a trend.

        • cynar@lemmy.worldEnglish
          9·
          2 days ago

          The basic rule is that you can say what you want (and people can call you what they want for it!).

          It would be polite to self moderate to an extent. No point getting the instance owners in to legal hot water. That’s a massively higher bar than Reddit has set however. Chatting about and admiring Luigi is completely fine.

          • Monstrosity@lemm.eeEnglish
            2·
            20 hours ago

            Just keep in mind, “it’s called the Fediverse because it’s crawling with Feds.”

            Don’t get stupid.

        • imvii@lemmy.caEnglish
          23·
          2 days ago

          Same. 11 year old account got banned for saying something. I’m not even entirely sure what it was. They deleted it and gave me the finger.

          Fine with me.

          • carrion0409@lemm.ee
            20·
            2 days ago

            I had my account since the pandemic and I got one 3 day ban for “inciting violence” a few weeks ago and they didnt tell me what I actually did. It was lifted so I moved on and kept following the rules. Then a day after the article about spez caving to musk came out I was given a perma site wide ban for “inciting violence” with no working link to what I actually did. The admins wouldn’t tell me either. I assume it’s because of my activity in left leaning subs and my comments calling Musk a shithead and saying his toy cars are garbage.

            • antisocialite@lemmy.todayEnglish
              19·
              2 days ago

              They’ll sweep ban entire comment sections of a submission they don’t approve of and they’re using AI to do it, so there are lots of false positives and dubious reasoning. They’ll send you a message lecturing you on your behavior but delete your comment so you’re left with only a vague idea of what they’re referring to.

              • carrion0409@lemm.ee
                9·
                2 days ago

                And they wonder why their stock is tanking. The only outcome I see for reddit in it’s current state is being bought out by Google and turned into a telemetry farm.

              • futatorius@lemm.ee
                1·
                7 hours ago

                Before they used shitty AI, they just hired autistic mods who would exaggerate anything into a bannable offense of some kind.

          • rice@lemmy.orgEnglish
            9·
            2 days ago

            I got a 15 year old account banned for logging in via tor… they run a tor website for tor access on the tor network lmfao.

        • WoodScientist@sh.itjust.worksEnglish
          61·
          2 days ago

          I want to see the comedy-of-errors timeline where Luigi beats the rap based on a technicality or jury nullification…He finally gets out of jail…Then he immediately does it again.

    • samus12345@lemm.eeEnglish
      30·
      2 days ago

      I have to admit I never thought they would punish users for simply upvoting content that went against their corporate overlords’ interests. True thought policing.

    • Ledericas@lemm.eeEnglish
      9·
      2 days ago

      they are tamping down on the wrong kind of content, anything that disagree with israel, luigis incarceration, or elon and trump is an auto ban.