Summary
Reddit shares have dropped 50% from their February peak, when the stock had soared over 500% from its $34 IPO price last March.
Much of the early enthusiasm came from AI-related deals allowing Reddit’s content to be used for training models, but recent doubts about long-term growth in the AI sector have dimmed that optimism.
Analysts remain skeptical and some call the stock “super overvalued,” noting Reddit still is not making any money.
Market uncertainty and early investor sell-offs continue to weigh on Reddit and the broader tech sector.
I still have no idea why I got permanently banned. The interestingasfuck subreddit said I had multiple violations across accounts—something vague about participating in the Trump subreddit. Apparently, if you so much as post in that subreddit—whether you’re agreeing with them or talking shit to the MAGAts—then go back to interestingasfuck or any other sub with the same rules, they’ll permaban your account. And not just that one—they’ll ban any new accounts you try to make too. So honestly… I guess I DO know why I was banned, but compared to the vitriol I’ve seen on there, mine was not warranted. I’ve even appealed. Fucking hate Reddit now. Cowards.
You were banned because you were obviously a person.
Have you seen the comments lately? Most of it looks like AI bots are replying to AI, upvoted by other AI bots.
lol. It’s only going to get worse. The site used to be the top place to look something up, now it’s just going to be full of deleted answers and disappointment.
I hope reddit dies.
I’m doing my part!
Lets take a platform driven by community participation and ostracize community users. Yeah that’ll work out well.
Reddit getting Digged and me likey.
That is a deep cut reference. They are relaunching as an AI play.
That will bring back the people who were providing the free content.
(/s on the last part)
Seriously. I remember Digg. My life’s social media path has been slashdot->digg->reddit->lemmy.
I was there! I saw it all! <shakes cane>
Maybe if they didn’t ban their (majority) liberal users for having “opinions” on the current government, after nonstop rhetoric from conservatives.
Everyone with half a brain knows that enshitification and pandering to CEObro echo chambers result in the platform losing large amounts of users or even dying.
Die reddit.
Plunge baby, plunge.
Reddit is not coming back. I know when a site is dead
“Run, motherfucker, run”
-snoop dogg
Burn baby burn, disco inferno
/r/wholesomenews
Spez fundamentally misunderstands what Reddit is and who it belongs to: the people making the posts and providing the content. The more he alienates the users, the less value Reddit will have. He’s shot himself in the foot and he’s getting ready to fire again.
Oh he does, he just doesn’t care.
The line goes up, then you sell out to some anticompetitive behemoth to eat before it implodes. That’s how it works.
This “company” has no real path to profitability to speak of.
Sucks to suck. Fuck Spez.
Aww, did Spez trade the family cow for some “magic” beans?
Good luck rebuilding the farm now, buddy.
My parting message to Spez when I changed all my posts was, “Enjoy the IPO asshat!” While I wish I could update that message, it’ll still do. xD
I remember the early days of Reddit when it really felt like a community project. Back then, they had the goodwill necessary that Redditors would have personally financed a chunk of the costs of running particular Subreddits. Not anymore. That goodwill is gone.
