Because they banned all their users
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Lol, finance (and thus financial reporting) is so braindead.
I'll summarize the whole article: Why did RDDT crash? "Because the stock price went down. Some people sold the stock, so more people sold it, now the price is lower"
Thanks Yahoo finance, this is the journalism we rely on you for...
This is what people mean when they say they have an economics degree.
Everything of value on Reddit was posted by people who have left
A lot of those people left for here
I recently left reddit for lemmy. More so because of the 51st state bullshit and calling our Prime Minister a governor, rather than the tariff's and buy Canadian. Most of what I posted on reddit had no value and I hope to continue that honourable tradition here.
I for one welcome your shitposts
I had to delete thousands of my posts from there multiple times before they stayed deleted. I had most of a decade of helping people out regularly. When all was said and done the only post I left on there were the ones that were helping people migrate to Lemmy before I left.
The content is so repetitive, likely because they drive engagement by reposting content with bot accounts. I still get a major amount of news from there, I can tell it's value is slowly fading
Yep I swear askreddit has the same dozen questions on repeat
It doesn't feel slow. I still go there for a subreddit or two. It's better at sucking me in than it used to be but the crap that's it's using feels like crap.
It’s still good for niches. I am in a couple subs about health conditions, and there are no comparable communities on Lemmy. I haven’t observed the composition or activity level of the groups change at all over the past couple of years.
Bring them here!
I wish I could. It's hard to get a community started on any new site where people have to make accounts and get in the habit of going there. The network effect is tough to overcome, too... people go where other people are, and then those places have content, and most people consume content, not create it. Also Reddit will ban you for promoting Lemmy, even through DMs.
Wow, reddit is actually up 164% since IPO. Did not expect that at all
If the GME/AMC story taught me anything, the price of a stock doesn't necessarily reflect the value of the company. It's just what people are willing to buy/sell the stock for.
I'm a bit surprised it's not higher.
Everything they've done is to increase their ~~profits~~ revenue. While some people may have left as a protest, the vast majority of people don't really care - see: twitter, facebook, instagram, tiktok. If anything, the "bad news" about people leaving was great advertising for them.
What I've observed over the past ten+ years, and still don't understand, is how anyone enjoys the platform at all. At one level, I get that it's just another social media platform that promotes headlines and memes. But the voting system and the engagement is revolting. I'm not going to say it's 80% bots but I will say that 80% of people using social media might be dumber than the bots.
I deleted my account in 2023. I have to admit that there are few if any reasonable alternatives for some of the subs existing there. The Fediverse really doesn't satisfy the need for people to get semi-expert opinions on things, for example.
Reddit is going to quickly be replaced by AI, leading to the question: what data will AI train on after that?
My conspiracy theory is that the recently popular ExplainTheJoke and PeterExplainsTheJoke subreddits are being used to train the AIs to understand the context behind memes.
My husband still browses Reddit regularly and when I asked him about this he said that the r/tattoos has definitely been taken over by AI training. A lot of the posts there are photos of tattoos with generic questions like "what is this style of tattoo called" or "how long would a tattoo like this last". The only useful results I've found recently are from years ago, and even then a lot of searches lead to discussions with a ton of deleted responses.
Because it's trash?
Somehow it's both under-moderated AND over-moderated
It used to be the "front page of the Internet". Now it's at the top of my search results, but the last page I'll actually visit...
I've actually noticed it trickling out of being the top result in my searches for tech related questions. More and more, I see results from native forums of the things I'm googling.
Good. Let it fucking burn.
Reddit crashed on Monday because Hoffman thinks he can fuck with investors like a trillionaire can. Do I need to put the clap hands in between all the words, too?