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Reddit’s 50% Plunge Fails to Entice Dip Buyers as Growth Slows. (finance.yahoo.com)

submitted 3 weeks ago by [email protected] to c/[email protected]

479 comments fedilink hide all child comments

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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[–] [email protected] 2 points 3 weeks ago

Good, Reddit has no place in the stock market and no amount of enshittification can save them from this fate.

[–] [email protected] 5 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

Daily reminder that Reddit automatically gathers your data.

If you still have a Reddit account, change your privacy settings right now :

👉 https://www.reddit.com/settings/privacy/

[–] [email protected] 1 points 3 weeks ago* (last edited 3 weeks ago)

its pretty given, seeing as how they are using googles recaptcha technology, and OPEN AI to allow access to data/content, plus its useful for troll farms from russia in general, since its allows targeted propaganda messaging.

specifically REDDIT like google as recaptcha v3, which is a more spyware-ish where it records your acitivty on the site to "looking for botting" behaviour.

[–] [email protected] 2 points 3 weeks ago

Everything they touch dies

[–] [email protected] 19 points 3 weeks ago

Fuck Reddit.

[–] [email protected] 10 points 3 weeks ago (1 children)

Reddit is kinda dead it now

[–] [email protected] -4 points 3 weeks ago

Well played. Take my upvote.

[+] [email protected] 27 points 3 weeks ago (2 children)

[deleted]

[–] [email protected] 2 points 3 weeks ago

remember the first purges in 16-17' when trump was in power, GOP started complaining about online spaces hosting these "violent, illegal" activities, and subs got banned asap. now again, musk is complaining about the same thing.

[–] [email protected] 4 points 3 weeks ago (1 children)

It certainly was what people drove there. That doesn't make money. The only value that counts for the bottom line is the data ultimately for marketing purposes. And the reach and trust that makes it great to sell shit.

It'll also be a great propaganda vehicle. Which might be worth even more in the current climate.

Anyways Reddit is dead. It ran far longer than many thought. But I think the cadaver won't stay fresh long enough to be eaten.

I think many of the tech giants are becoming scared. Because it might be a bit of hassle to just use another platform ultimately it's fucking easy to migrate and the when the momentum is there it can go pretty fast. No one really needs Amazon or Facebook or Reddit. And people really are pissed off. Fuck them. All these valuations for tech are just ludicrous when in the end the main driver is selling people shit more effectively.

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

forums are still alive and kicking, to certain niches though, not an "news/politics aggregate site like reddit. FB has enshittified itself when they went soely distributing russian propaganda intentionally, also require much more aggressive Data mining to sign up for the service, similar tow hat Glassdoor has become for job hunters.

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