this post was submitted on 28 Mar 2025
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The gloomy sentiment around Reddit Inc. has failed to dissipate after its shares fell 50% from a February high, with volatile technology stocks under pressure.

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[–] jaschen@lemm.ee 28 points 4 days ago (5 children)

So I work in advertising for a company that is top 20 on the Fortune 500. We advertise everywhere including Reddit.

The returns on Reddit isn't even very good. We still spend money there as a pure name recognition play.

As of now, for the company I work for, it's not working.

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[–] Formfiller@lemmy.world 47 points 4 days ago (1 children)

Maybe it’s because they banned all of their users

[–] some_designer_dude@lemmy.world 42 points 4 days ago (2 children)

Soon it’ll just be bots banning bots.

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[–] Cruxifux@feddit.nl 64 points 5 days ago

They’re permabanning everyomangionene who says anything good about Luigi Mangione, who is literally the greatest hero of the year in America, if not the decade. What did they think was going to happen?

[–] b3an@lemmy.world 22 points 4 days ago

I mean. Elon Musk is exerting control of the platform too. Do you really want THAT shit in your cereal?

[–] aeternum@lemmy.blahaj.zone 27 points 4 days ago

Eat shit Spaz. Fuck you.

[–] Grizzlyboy@lemm.ee 18 points 4 days ago (2 children)

Good, hopefully spez will get what's coming to him. He really ran the site into the ground.

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[–] wise_pancake@lemmy.ca 48 points 4 days ago (6 children)

Reddit has very weak leadership in my opinion.

I wouldn't be betting on them, especially when their user base is going to want them to stand up for them and the Elon fiasco shows Spez won't.

It's a tinderbox before the next large Reddit protest happens again and more niche communities splinter off to the fediverse.

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[–] ChristmasIslandZone@lemmy.world 9 points 3 days ago (5 children)

Got banned over there a month ago, came here hoping to find something of a Sonic community in the same vein as the one over there (very involved in that fanbase, did a lot of my discussion on reddit), has not materialized yet, not enough fans over here, hopefully that changes at some point. I thought at first that it was the open support of Luigi's alleged actions that got me banned, I could be ok with that, I get it, supporting violence and whatnot, I broke the rules, and they were sensible rules more or less, but the longer I look at the current happenings over there, the more suspicious I am that it was because his name came up at ALL, multiple times. That's annoying. That feels less justified.

Also becoming more and more glad it happened when it did. Lot of overt, fascist appeasing censorship going on over there. Like it's not even subtle. There's no ambiguity in it, it's just "this post criticized or disparaged Musk or Trump in some way. (Removed from Reddit)."

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[–] _druid@sh.itjust.works 35 points 4 days ago (8 children)

All I use reddit for is porn now, so the ads are really easy to spot. Like if I see someone trying to show me tupperware when I was just looking at goth girls and femboys, I know to keep scrolling.

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[–] angrystego@lemmy.world 16 points 4 days ago

I see the fall of big social media into fascism as a big problem, despite the fact that it makes them less popular. The nazis are actively destroying spaces for communication of opposing opinions. They don't mind the medias are harmed by that. The important thing is that what remains becomes a fascist echo chamber. Most normal people won't be able to find alternatives like lemmy, so it makes the numbers of people with opposing views who are able to communicate smaller with every fall of a medium, social or other.

[–] DFX4509B_2@lemmy.org 21 points 4 days ago

And my Reddit account is now gone, I nuked it.

[–] bitjunkie@lemmy.world 10 points 4 days ago

Let's pick a day and everyone short it

[–] DoucheBagMcSwag@lemmy.dbzer0.com 36 points 4 days ago* (last edited 4 days ago) (2 children)
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[–] wreckingball4good@lemm.ee 17 points 4 days ago

Get! Wreckt! Spaz!

[–] Etterra@discuss.online 23 points 4 days ago (4 children)

Good. As shitty as they've been and as hostile as they've become to their own users, I'd live little more than watching the entire damned things crash and burn. More (but still not very) likely though is them desperately selling off before it completely self destructs. Of course if they do sell it, whoever they sell to will likely either make things worse or just shutter it. Most likely they'll stay the course and continue hemorrhaging usefulness and thus popularity.

Any way you read the cards Reddit is in a tailspin that they seem unwilling to do what is necessary to pull out of. Which is to say, they're too stubbornly idiotic to reverse their stupid, stupid changes and make a more open, user friendly, and community friendly platform. And I don't see Spez being that smart.

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[–] gndagreborn@lemmy.world 32 points 4 days ago (1 children)

With the push to please investors, user experience will likely suffer even more.

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