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.
They’ve banned all of the good people that made up the site. I used to do Secret Santa. For 10 years! And I had mothers thank me for making their kids holidays. And they banned me. Because I made a death joke about how old McConnell was. Dude looks like death walking. Prove me wrong.
I was a good user. Dark humor isn’t hurting anyone. Reddit will die. Just like every other popular site.
The value of Reddit is the content which it is able to create. If users aren’t free to create content, there is not value.
It’s always been ridiculous to me that what is essentially a forum has shareholders. That’s why I left Reddit during the app debacle and haven’t looked back.
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Removing the messages option and instead replacing it with their stupid DM chat system, even for modmail
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Stating that later this year they’re going to introduce walled off paid sub-reddit
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That live stream nonsense they had a couple of years back
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Their A.I. answers integration
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Censoring users who mention ‘eat the rich’ and the name Luigi
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No longer allowing moderators of their own sub-reddit to change a sub’s status to NSFW (after the protests, obv), now requires admin to do this for them if the deem it appropriate
…who’d have guessed that these decisions were shit. Not the community who told them each time, again and again, right?
Fuck you, Reddit
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Good. I got banned just today for “inciting violence” then when I asked what I did they couldn’t tell me. Musk pressuring spez into harsher moderation is probably part of why I was actually banned. I followed every rule but was active in left wing communities and it seems that’s enough to be deplatformed under the trump regime.
I’m not sure why anyone would ever buy Reddit stock. There is no money to be made in Reddit. They failed to make any money before they went public, and they’re failing to make any money now.
They tried the whole NFT thing, failed. They’re trying to sell the data to AI companies but once that’s sold they can’t sell any more of it because the benefit of Reddit data was historical data unpolluted by AI, but new Reddit data is polluted by ChatGPT posts and is therefore worth less.
It’s not even about banning people, it’s about the fact that Reddit was never a sustainable business model from the start, at least not in the traditional capitalist sense where you’re actively trying to make a profit to please shareholders.
The only benefit to owning Reddit stock is if you have voting shares and can manipulate the algorithm to benefit you in some way. Suppress some voices, amplify others to back what you want to do etc. but you need money to burn in order to achieve that because you aren’t going to be making money directly by owning Reddit stock and manipulating public opinion takes time.
I feel like I have simpler reasons for leaving Reddit.
The third party apps quit working and the site and app run like shit and take forever to load.
Simple problems, simple solutions.
I left because once you see that most posts are just commercials and advertising and then you realize how they sell our attention span instead of paying us for it then I left. I don’t work all day just to come home and make someone else money. Cut me in or eat shit.
That’s actually the main reason most left, Lemmy has never seen a bigger increase in MAU before or after the death of 3rd party apps.
Not to say the other stuff isn’t important, but for me Reddit WAS Apollo. Without it, it didn’t even feel like the same service. Enough people felt the same about their preferred apps that they left en masse in 2023.
yep, reddit was RIF as far as i’m concerned. if RIF is dead then so is reddit
I was one of those. Happily discovered Voyager. I go back, usually when a search link takes me there.
The mobile app is designed by people who I only imagine get paid by the bulk number of raw clicks/taps on UI elements.
Yup, for me it’s Sync. And Sync is doing a decent enough job of bringing me Lemmy content.
Yeah, I came here when they did the API thing. I was spending too much time on reddit anyway, now I’m reading and gaming more in my free time.
The Reddit app and site are bloated bullshit. It’s an insult that they want you to use that. Lemmy with Voyager is the experience I like.
That was indeed awful, but I put up with it (and the app even improved a bit over the last year or whatever). The thing that made me finally leave was posts being shadow deleted for simply saying a man’s name and then being threatened with bans for upvoting the “wrong” content. Absolutely not.
I’m fairly certain they misled investors on their last earnings call. I noticed some banned accounts suddenly had their ban lifted right before the call, and then reapplied right after.
On the last investor call, they said they had a lot of returning users. This was after their election ban hammers, and prior to the Luigi ban fest.
Can’t wait to see how they try to spin things on the next one.
Fuck Reddit.
Once a company becomes publicly traded it always gets worse. Once the shareholders are closer to the executive compensation packages than the customers/users it is all downhill. It is like clockwork.
Might take a year, might take 10, but the result is inevitable.
Pump and dump
Yeah this is one of the obvious faults in capitalism.
The same thing will happen to Apple and Costco eventually.
Hey cool beans we’re the direct result of that! What good news!
I trust reddit as far as I can throw it these days.
One man’s slowing growth is another man’s hardening growth (me, from reading this headline).
I mean, with all the censoring and pandering to Musk, allowing for entire bot swarms to the point it really becomes obvious it’s happening - who could have predicted this?
That’s right, kids. Allying yourself with fascist tendencies in any way, shape or form will hurt you in the long run. Just provide the damn service people are looking for and stop playing god, trying to use your platform to shape opinions and censor statements you or your buddies don’t like.
Seems like putting your efforts behind censoring and banning your user base while simultaneously trying to give a pass to a facist oligarchy is a bad idea. That’s the thing about oligarchy, it’s a small club and if you weren’t already in it, you’re not going to be any time soon. Facebook and Xitter don’t want to share the money from ads and adversarial state\private actors
Shouldn’t suprise anyone especially with the recent grovelling before Musk.
I’ve created this account here today particularly because I found that behaviour absolutely disgusting.
