Reddit’s 50% Plunge Fails to Entice Dip Buyers as Growth Slows
finance.yahoo.com
(Bloomberg) -- 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. Most Read from BloombergGold-Rush Fever Returns to Historic New Zealand Mining TownWhat Frank Lloyd Wright Learned From the DesertBank Regulators Fight for Desks as OCC Returns to New York TowerThese US Bridges Face High Risk of Catastrophic Ship StrikesCharter Schools, Colleges Push Muni Debt Distress Near RecordThe social

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.

  • PerfectDark@lemmy.worldEnglish
    119·
    3 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

    • RvTV95XBeoEnglish
      5·
      3 days ago

      Came over during the great 3rd party app API debacle. It didn’t even make the list. Am I old now?

      • picnic@lemmy.dbzer0.comEnglish
        1·
        3 days ago

        This and I already missed the old reddit when they banned porn from /all. API debacle was the last straw when I called quits.

      • PerfectDark@lemmy.worldEnglish
        1·
        3 days ago

        I did the same long ago, but I did go back to reddit. I wish I’d learned my lesson at the time -__-

    • Ledericas@lemm.eeEnglish
      2·
      3 days ago

      Full AI moderation is what killed it, it was liberally and indiscriminately banning people last month with the slightest indiscretions