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.

  • Dearth@lemmy.world
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    14 days ago

    I was offered a chance to buy into reddit’s IPO. I knew it was a bad idea and I’m glad i didn’t

    • Regrettable_incident@lemmy.world
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      14 days ago

      Yeah, they messaged all my accounts asking if I wanted to buy in. I actually considered it for an instant, then thought nah, fuck that.

  • FourWaveforms@lemm.ee
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    14 days ago

    Oh noooo! That’s teeeeerrible! Oh noooooooo etc etc etc lol F Reddit in the A with a big rubber dick!!!

    • Alphane Moon@lemmy.world
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      14 days ago

      This would actually be a great outcome.

      While most people would likely move to Digg v2.0 (I am just being realistic), this will help fuel growth in the threadiverse. And at any rate, the major instances would simply not be able to handle 1 million MAUs immediately moving to Lemmy.

      • kitnaht@lemmy.world
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        14 days ago

        Digg is excited about “AI” moderation. So, they’re gonna be going the route of banning users for wrongthink just as Reddit did. I don’t think it’s going to be that popular.

        • FourWaveforms@lemm.ee
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          14 days ago

          I watched the video on the Digg.com front page and it was a bunch of very rich dudes sitting on a couch, with the same energy and words of other very rich dudes. I don’t think it will be better. They just don’t live in the same world.

      • NocturnalMorning@lemmy.world
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        14 days ago

        It could also just turn it into another nazi mouthpiece, and make getting information out to people even worse than it is now.

        • Alphane Moon@lemmy.world
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          14 days ago

          I will speculate this is going to happen anyway, sooner or later.

          While I am not American, I have lived in the the US and have many close friends there. From my understanding, American oligarchs have gone full in on a proto-fascist state (US is not yet fascist in the formal definition of the term, thing can and likely will get worse). This includes Hoffman and not only.

          • snooggums@lemmy.world
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            14 days ago

            US is not yet fascist in the formal definition of the term, thing can and likely will get worse.

            Yes it is. We are already at the dictatorial stage in practice with the legislature and SCOTUS complying voluntarily by not enacting checks and balances. Everything else, like the nationalism, demonizing groups, and the rest are in full swing. Don’t need death camps to be fascist, although we are well on our way down that road.

            What criteria isn’t being met yet in your opinion?

            • Alphane Moon@lemmy.world
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              14 days ago

              It pains me to see the US go down this path. I am well aware of how bad things are going in the US (I have close friends who live there). I agree with you regarding nationalism, street arrests by security, demonization of minorities and so on.

              However, I am comparing my experience living in russia (as an expat who happens to speak russian fluently), my experience living in the US under Obama and US as it is today.

              US still has competitive elections. The US centre right opposition is not a formal front for the regime. Compare that to russia were elections are a formality and the so called “opposition parties” get direct orders from the regime and exist as circus performers. US isn’t at that stage yet.

              Same with the US judicial system. It is definitely corrupt (and this was true even before Trump) and it is getting even more corrupt. However, the US judicial system has some level of independence and at least on some level you can have your rights be respected. Again, compare that to russia were the judicial system as such does not exist and has no authority whatsoever.

              Security services in the US are increasingly becoming unhinged and acting more like crooks, but it’s no where close to russia where they have zero liability beyond not respecting key regime interests.

              US still has a measure of political de-centralization. You can elect mayors and governors and they have a measure of independence. While russian does have some regional independent power centres, they are still all aligned with the regime and its ideology.

              I know, comparing your local political system to russia isn’t really a sane approach. But I do think it is important to note that the differences do exist.

              • snooggums@lemmy.world
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                14 days ago

                Fascism and other authoritarian systems aren’t a measuring contest though. Just because somewhere else has been doing it longer or is more effectively doesn’t mean somewhere else isn’t doing or trying to do the same thing.

                A benevolent dictatorship is still a dictatorship for example. While the Republicans have enacted widespread voter suppression that didn’t guarantee winning an election, that doesn’t mean they aren’t working on the steps to guarantee it in the next election. Fascism doesn’t require complete and total success to be fascism.

                • Alphane Moon@lemmy.world
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                  14 days ago

                  I completely agree. I don’t mean to imply it is a competition. As I said, being better than russia is not much of an achievement.

                  But I do think the correct term for the US as it is today is proto-fascist. It’s also important to not ignore the transition into full scale fascis.

            • iridebikes@lemmy.world
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              14 days ago

              I think the piece that has yet to be tested is elections. As of now, we still live under the pretense that we will have a fair election.

              The case can be made that the voter suppression tactics from the far right are eliminating the possibility of a fair election. Or that Elon Musks involvement has led to fraud, or at least, massive corruption to our electoral system. But at the end of the day, we still have a collective idea that the fix for this is an election that will remove them from power.

              When the midterms come, that will be the real test.

          • Ledericas@lemm.ee
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            13 days ago

            they saw trump as thier last grift, before things change. i mentioned on reddit subs, that the gops last grasp for power was trump(during his 1st term), and they will do whatever it takes to maintain it for another 5-10years, before people get sick of them. even thier voters, they can fool stupid people forever, since you would get tire of repitive messaging down the line.

      • aleq@lemmy.world
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        14 days ago

        While most people would likely move to Digg v2.0 (I am just being realistic)

        Are people actually going? The only thing I’ve heard about it (the AI-fueled reboot) is that it was planned.

    • Artyom@lemm.ee
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      14 days ago

      I don"'t like that solution because that means Huffman walks away with a golden payday instead of losing it all.

      • betterdeadthanreddit@lemmy.world
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        14 days ago

        Maybe he’ll get bored with retirement, have a mid-no-life crisis and the resulting breakdown will generate some interesting news stories.

    • Xanza@lemm.ee
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      14 days ago

      Huffman needs exactly 0 help to run reddit into the ground. He’s been doin’ it for years.

      • enkers@sh.itjust.works
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        14 days ago

        It’s actually kinda nice that he’s not going full nose-dive straight into the ground. Getting a steady stream of users is better for Lemmy’s culture, than a full exodus event, imo. It gives us a chance to not be reddit, but something better.

  • Formfiller@lemmy.world
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    13 days ago

    They banned everyone except castrated Zionist establishment democrats, Nazis and Russian bots.

  • Vanilla_PuddinFudge@infosec.pub
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    14 days ago

    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.

    • shinratdr@lemmy.ca
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      14 days ago

      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.

      • bestboyfriendintheworld@sh.itjust.works
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        14 days ago

        For me Reddit was Alien Blue. It all went downhill after Reddit bought it and then stopped updating it.

        There was never an app that had such a great UI for iPad. Apollo never introduced a two column Split View like it.

        Narwhal had one, but was a bit meh otherwise.

      • fubarx@lemmy.world
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        14 days ago

        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.

      • Nfamwap@lemmy.world
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        14 days ago

        Yup, for me it’s Sync. And Sync is doing a decent enough job of bringing me Lemmy content.

    • MolecularCactus1324@lemmy.world
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      13 days ago

      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.

    • Regrettable_incident@lemmy.world
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      14 days ago

      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.

    • Melvin_Ferd@lemmy.world
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      14 days ago

      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.

      • 5too@lemmy.world
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        14 days ago

        Not to mention how many posts are made to get you to react viscerally, instead of engage with the community - things like AITA seem especially prone to this.

    • CallateCoyote@lemmy.world
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      14 days ago

      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.

  • jaschen@lemm.ee
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    13 days ago

    So I work in advertising for a company that is top 20 on the Fortune 500. We advertise everywhere including Reddit.

    The returns on Reddit isn’t even very good. We still spend money there as a pure name recognition play.

    As of now, for the company I work for, it’s not working.

  • Cocopanda@futurology.today
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    14 days ago

    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.

  • PerfectDark@lemmy.world
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    14 days ago
    • Removing the messages option and instead replacing it with their stupid DM chat system, even for modmail

    • Stating that later this year they’re going to introduce walled off paid sub-reddit

    • That live stream nonsense they had a couple of years back

    • Their A.I. answers integration

    • Censoring users who mention ‘eat the rich’ and the name Luigi

    • 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