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Reddit stock tumbles the most on record as lack of new AI deals, US daily users metric disappoints (finance.yahoo.com)
submitted 3 weeks ago by to c/technology@lemmy.world
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[–] 325 points 3 weeks ago (10 children)

CEO Steve Huffman said, "These deals aren't binary. They have to make sense for Reddit, but there are many ways, I think, for the value to return to Reddit."

lol - “The value has left Reddit”
-/u/spez

Who could imagine when you piss off:

  1. third party devs who make the apps your best contributers use
  2. your unpaid content creators
  3. your unpaid moderators

…that the “value” would leave 🤣

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  • [–] 148 points 3 weeks ago (6 children)

    Yep, it was the API thing that finally did it for me, but looking back, I should have seen it coming after all of the other stuff.

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  • [–] 87 points 3 weeks ago (1 child)

    For me it was the way they treated the Apollo developer Christian Selig leading up to the whole API thing. Absolutely heinous.

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  • [–] 27 points 3 weeks ago (1 child)

    Remember when YouTube started having AI narrated posts from r/askreddit in its shorts? And how that slowly morphed into the AI generated slop stories about how one family member give the rest of them their comeuppance because the Henderson account valued results instead of random cheap business practices involving Sgt Menendez and his cheating ex girlfriend?

    (This stuff is like candy to Boomers because it mirrors the reader write in sections of Reader's Digest.)

    I should have noticed this earlier, but it dawned on me a few weeks back.

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  • [–] 22 points 3 weeks ago* (last edited 3 weeks ago) (2 children)

    Caught my father in law who's addicted to youtube watching a video about some WWII pilot that knew how to shoot at enemy fighters from his time hunting hogs in Kansas. It was entirely AI generated, the video, the voice, and the narrative. That person didn't exist and it didn't survive scrutiny if you know anything about guns. But damn the comments were just boomers gooning over military wank.

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  • [–] 50 points 3 weeks ago (2 children)

    Reddit never was the same after the whole API/Mod fiasco. Many subreddits simpy died. Old users that made the site what it is left and there were new ones, but the whole vibe shifted.

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  • [–] 5 points 3 weeks ago

    it wasnt the same when they used the banhammer on "illicit subs" during trumps first turn, every sub just had political elements in after that, and that was the same time russia started thier trolling, and the bannings began then.

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  • [–] 39 points 3 weeks ago (4 children)

    I actually got an award as being in the top 1% of reddit karma earners for 2022.

    In 2023 they banned me because I didn't buy stock when it was being introduced.

    You'd think they'd want me there. Creating content. For free. I'm sure they thought I'd just create a new account. Nope. I just came here.

    Weird thing is, I've had two main running jokes for years. One is being obsessed with corn. The other is calling George Clooney a smug bastard.

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  • [–] 1 point 3 weeks ago

    2023 they banned me because I didn’t buy stock when it was being introduced.

    I had several mod accounts (smaller subs - I made new accounts for each one) and didn't buy any stock. Wasn't banned. Did they explicitly say this to you?

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  • [–] 10 points 3 weeks ago

    Revenue of $804.9 million beat estimates of $731.8 million. However, US daily active users came in at 53.2 million, just shy of expectations of 54 million. The company's total daily active users grew by 18% to 130.3 million versus estimates of 130.07 million.

    reddit is fine

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  • [–] 8 points 3 weeks ago (2 children)

    I want that sticker!

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  • [–] 6 points 3 weeks ago (1 child)
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  • [–] 3 points 3 weeks ago* (1 child)

    Thanks!!

    ....wait its gone :( darn.

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  • [+] -6 points 3 weeks ago (2 children)

    Out of all instances to put on a sticker.... that's not a good choice. Fuck lemmy.world.

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  • [–] -4 points 3 weeks ago (2 children)

    Why are you here?

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