this post was submitted on 08 Mar 2025
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[–] [email protected] 47 points 1 month ago* (last edited 1 month ago) (2 children)

Now what I under understand (not condone) is the reddit leadership trying to cash out.

What I cant understand is why a VC / big investor would want to touch it with a 10ft pole. There is nothing unique or proprietary on Reddit. Its value commercially is in the existing content and paid ads. With ads you’re limited because you can only saturate so much before you see user drop off.

Now they took it one step further and are censoring the content creators that make it all possible in the first place. As if anyone is stuck on that site - I know I’m not.

Anyway - nice to meet everyone. Fled digg for Reddit; now thankful this island appeared after fleeing once again.

[–] [email protected] 22 points 1 month ago (1 children)

Reddit has a huge user base, that is their value. They generate a lot of data every second, which can be sold. Of course this is technically possible on other platforms, but they do have it right now right here.

[–] [email protected] 6 points 1 month ago (4 children)

I get that, but long term investors need to be confident that the user base will stick after continuing to erode the platform.

That’s the part I have no confidence in. Will they make money for the short term? Absolutely, and a lot of people will get rich. But in 5-10 years?

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[–] [email protected] 36 points 1 month ago

A lot of overpriced stocks are pulling back. A recession is bad for ad dependent media.

[–] [email protected] 16 points 1 month ago* (last edited 1 month ago) (2 children)

How the heck were they ever valued at $US200 per share?

Edit: (from ~$34. Market cap 6.4B initially, at $200US I estimate as ~36B, here shows a high of $38B)

[–] [email protected] 3 points 1 month ago

the price is supposed to be based on future valuation

[–] [email protected] 12 points 1 month ago (1 children)

Price of the share is irrelevant. Please reference market cap.

[–] [email protected] 6 points 1 month ago* (last edited 1 month ago)

Edited to include more info, thank you for pointing it out. I'd known in my head the share price started in lower double digits without major changes in supply of shares, added it all for context.

[–] [email protected] 25 points 1 month ago (1 children)

Putting the red in reddit.

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[–] [email protected] 15 points 1 month ago* (last edited 1 month ago)

Yep if they remove/ban us for gaslighting us in to policing our free speech we remove them!

Free speech for the parasitic class of exploiters censoring for the 99%, no war but class war. It’s not left verses right it’s top verses bottom.

Fuck pacifism especially during tyranny and oppression don’t obey in advance we have only gained rights through disruptive riots and other direct actions . Luigi #Luigi @Luigi

[–] [email protected] 7 points 1 month ago

If you back out the view to 6+ mo. it matches the overall decline of the market in general. You could grab many stocks and ask the same question and it would be correlation, but not any cause by the particular company.

[–] [email protected] 3 points 1 month ago

Missed numbers. But the overall market is tanking.

[–] [email protected] 31 points 1 month ago (1 children)

Uhh guys I hate reddit too but the entire economy is tanking.

This isnt a reddit thing and has nothing to do with reddit itself

Compare to s&p 500, nyse, NASDAQ, etc.

[–] [email protected] 34 points 1 month ago (1 children)

It's down all around but not 40% down

[–] [email protected] 9 points 1 month ago (1 children)
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[–] [email protected] 50 points 1 month ago

When you start banning long-term users over bullshit. This happens. Hope it crashes and burns all the way to the ground.

[–] [email protected] 13 points 1 month ago

Pretty simple - same folks who bought Xitter and Trump are pulling their $ out until Reddit starts censoring shit they don't like. It's not a coincidence that "Luigi" became a banned word last week.

[–] [email protected] 5 points 1 month ago (3 children)

Fuck the Y graph doesn't start at zero though.

[–] [email protected] 1 points 1 month ago (1 children)

Nah man, skipping keeps my data legible so you can clearly see trends

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[–] [email protected] 25 points 1 month ago* (last edited 1 month ago) (2 children)

I'm all for shitting on Reddit, but the overall market has cratered in the past week or so. Everything is down a ton. This is just cherry picking situational graphs to push an anti reddit agenda. Again, fuck Reddit, but at least make an effort..

[–] [email protected] 15 points 1 month ago (4 children)

Yes, but 40% is insane. Thats not just the markets 1-2% blood red days

[–] [email protected] 2 points 1 month ago* (last edited 1 month ago)

I mean it's not rare for tech lol. Nvidia is down an absolute fuck ton too. Same with AMD.

Also the entire market is down closer to 10%. The market being down 2% in a day is the overall market indexes. There are wild variances in that number per individual company.

[–] [email protected] 8 points 1 month ago

It was wildly overvalued to begin with. Even at 40% down its overvalued. It has a negative EPS. It can be replaced with a ragtag group of federated instances.

Its not worthless, but its not worth 133 a share cmon...

[–] [email protected] 10 points 1 month ago

When there’s a sellout "meme" and tech stocks with a lot of hype are amplified, and Reddit is 100% that.

See: it’s still up 165% over a year. The gyrations are insane and not tethered to its actual value, but basically a bunch of gamblers.

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[–] [email protected] 2 points 1 month ago

Special price on Tesla this week. :)

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