Reddit’s 50% Plunge Fails to Entice Dip Buyers as Growth Slows
finance.yahoo.com
(Bloomberg) -- 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. Most Read from BloombergGold-Rush Fever Returns to Historic New Zealand Mining TownWhat Frank Lloyd Wright Learned From the DesertBank Regulators Fight for Desks as OCC Returns to New York TowerThese US Bridges Face High Risk of Catastrophic Ship StrikesCharter Schools, Colleges Push Muni Debt Distress Near RecordThe social

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.

  • Zentron@lemm.eeEnglish
    26·
    3 days ago

    Fuck reddit , its becoming weird being on there … its feels off , like you’re in an uncanny valley not knowing if you are taljing to a bot , a person or a troll

    • Grool The Demon@lemmy.worldEnglish
      6·
      3 days ago

      I remember when Reddit threads would have 50000 plus comments on the regular that felt like real discussions where karma kept the assholes in control. The front page always felt full of new things and it felt democratic in a way. In recent years it feels empty, algorithmic, and just kind of sad. Reddit felt like a safe place even with some of the grimier subreddit becoming popular. Now it’s just a oligarch pandering Nazi sympathizer platform. I was on there for 12 years and am happy I left it behind.

      • Zentron@lemm.eeEnglish
        5·
        3 days ago

        Sadly i have to be there as its the best place to get news about the place im living in , our newspapers work for our govenment and other channels are usually controlled opposition … reddit is the most trustworthy (its so ironic to tell you that but it is)

    • FourWaveforms@lemm.eeEnglish
      3·
      3 days ago

      I saw more and more recent comment authors had the “closed account” icon before they shadowbannned me. A noticeable uptick in the last two weeks. That wasn’t uncommon to see before, on comments that were years old, but I saw it more and more.

      I think they’re using AI to get rid of anyone who’s “too much trouble.” I broke no rules as far as I know. Didn’t glorify violence or bother anyone. But I did talk about politics.

      • Zentron@lemm.eeEnglish
        2·
        2 days ago

        Im watching political subs who are considered radical in the us … they are much more sterile than this time last year

    • pahlimur@lemmy.worldEnglish
      1·
      3 days ago

      Reading threads from even 5 years ago makes it painfully obvious reddit is dying. Its mostly repost bots now, and the upvoted comments often have the conversations out of order or have generic fortune cookie like responses.