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.
Fuck Reddit.
I mean why buy shares of reddit? What is it doing? It’s alienating users.
Literally every single change reddit has done in the past few years has angered the user base, and the bot accounts increase day by day. Go to any niche subreddit, like one for a movie series, show, video game, etc. You will see a ton of “what’s your opinion of X or Y?” And it’s always such a weird choice of words, and it’s clearly just a bot farming engagement to inflate numbers to shareholders.
I still use reddit, but I never post or comment. I strictly do that on one of my Lemmy accounts. And every few months, something will happen to make the experience worse. Like now, the frontpage “hot” sorting is broken. Just a bunch of zero up vote posts on weird subreddits I forgot I was subscribed to. Now I can’t really get the news like I used to on reddit. It’s broken, and there is tall that it’s a result of Elon meeting with spez to talk about moderating the surge of Elon/Teslur hate.
Fuck reddit, more niche communities need to come over here, because I’m so tired of having to go through reddit to fine things I’m interested in.
Yeah why is the question never “how can we make peoples lives better?” its always “?whats the profit margin”
It was going downhill since they got rid of the woman who was running AMA
Yeah remember that being an inflection point where I stopped being excited about updates and started dreading them.
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.
Put in a p in any URL to get a slideshow carousel. Great for self-flagellation. Redditp…
Reddit Revanced my brother.
Search for Update me app in F-Droid.
No ads and disable all the other unnecessary functions.
Firefox with ublock works too. I’ve never seen a reddit ad in my life, even on mobile.
Those NSFW communities will have their culling, mark my words. The more fringe it is the more at risk it is. If reddit keeps NSFW it will end up like Lemmynsfw. Maybe even less interesting. With this stock dip Reddit has to be thinking about it.
I don’t doubt it, so I’m drinking my fill while I can.
BUY THE DIP!
I BELIEVE DIGG IS VERY INEXPENSIVE AS WELL!
Gee, that’s too bad. It would be a real shame if that piece of human garbage Steve Huffman lost everything. A crying shame.
I too want to board the schadenfreude train. Choo choo. Fuck u/spez
I can’t even think of a time in history where someone was a huge piece of shit in America and “lost everything.” Maybe R Kelley, P Diddy, and Bill Cosby? But only for the time they spent in whatever rich guy jail they got to go to and then they were fine.
I don’t know if Sam Bankman-Fried is a huge piece of shit. He’s definitely a liar and a scammer though. But he was like rich as anything and then lost it all. Now he’s trying to curry favour with Trump to get out of jail.
If anyone is trying to gain favor from trump that’s enough to tell me about their character.
Also, yes sbf is a huge piece of shit.
Madoff died in a jail cell, that’s gotta count for something.
Yeah that’s cool and good. Same with Epstein.
Except he didn’t live long enough to rat anyone out. That’s the only downside to that story.
ghislaine is still alive, she isnt talking though.
He was 100000% assassinated
I shit, I didn’t know Madoff died
There is also something about those 3 people I can’t put my finger on….
lol that was my immediate thought too. But I didn’t want to bring it up because even with the racist implications those guys all definitely suck and should be in prison.
Elizabeth Holmes comes to mind. She manoeuvred herself into a position of wealth and power by defrauding other rich people and got herself 11 years in prison for it. That’s 11 years more than most other rich scumbags get.
The most bizarre part of the Theranos scandal is that any medical lab tech/scientist could have told you, right from the initial pitch, the entire thing was a massive scam. There was literally no reason to ever think this technology was feasible and a mountain of reasons it wasn’t.
her pitch was single droplet of blood to diagnosis diseases.
Elizabeth Holmes only got in trouble for lying to people who should’ve done their “due diligence”
The patients / families of the patients that Theranos lied to and mislead never got justice.
i read an article when the theranos sht has been going down, around 2016, look how long it took to charge her. a patient hormone level was higher than normal indicating some form of malignancy, she took chemo only to find out she dint have any. and another indicating her bizarre behaviours too.
Tech execs have absolutely massive egos.
And that just goes to show:
The only time rich people are held accountable in the US, is when they fuck with other rich people’s money.
The worst of all this is that from the top of our heads we came up with a woman and three black dudes. Other than Madoff I don’t remember any white dude getting any deserved retribution other than the recent United Healthcare CEO.
But after that 11 years didn’t she come out of prison still rich?
She went into prison in 2023 so she will be there for a while yet.
I don’t think her wealth is known exactly but she and her company lost billions during the scandal.
I mean she stole from rich people so I hope she’s doing good
She married a hotel heir, she’s still doing fine.
She was also just on the cover of People or some other such supermarket cash register rag.
Would he not have already sold most when they went public?
He will exit filthy rich way before that. That’s the point.
Heve Stuffman
Ewww
Lets keep this about Rampart.
Greedy pigboy flew too close to the sun.
Sadly I’m sure he already has a golden parachute prepared.
He’ll cry his way to a trophy home and yacht
They all cashed out after the IPO. They’re probably laughing at the bag holders right now.
There may still be lawsuits, however. There are still many ways that he could lose a lot of what he gained.
I think you mean presidential pardons
🤞
i remember spez and his c-suites dumped the stock a while ago.
I just don’t understand why a person would choose to invest in Reddit. What exactly is the value proposition here?
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
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.
Microsoft has an AI store and all the apps are absolute crap. AI is a good Chatbot, but applying it to other things that can be monetized is clearly difficult.
There are also now thousands of free chatbots online that will have near zero margins, its definitely overbought.
Hmmm, better push more ads and restrict discussion more
People are so ignorant of it too. Last time I mentioned lemmy as an alternative somewhere on discord I got nearly banned.
With the push to please investors, user experience will likely suffer even more.
Not just investors, but the fascist US government.
Ha
Ha
HA.
HA
*inhales*
HA!
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.
Lol I sold mine in January. I’m fucking Warren Buffet.
Why are so many people here calling Spez “Spaz”? Isn’t that considered to be a slur similarly to the r-word?
