this post was submitted on 31 Mar 2025
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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.

Non-paywall link

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[–] foggy@lemmy.world 191 points 3 days ago (5 children)
[–] RedPostItNote@lemmy.world 76 points 3 days ago (11 children)

Reddit is not coming back. I know when a site is dead

[–] CheeseToastie@lazysoci.al 31 points 3 days ago

Yep it's been slowly declining for years. There's no coming back from what a shithole it now is

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[–] Apple87sagan@lemmy.world 21 points 3 days ago (3 children)

Bye bye....officially deleted my reddit account. Enough interaction on here I can 100% make the plunge now. Sad because I have been there so long. But I rememeber when digg died, and its time to move on.

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[–] MuskyMelon@lemmy.world 169 points 3 days ago (4 children)

Lets take a platform driven by community participation and ostracize community users. Yeah that'll work out well.

Reddit getting Digged and me likey.

[–] RestrictedAccount@lemmy.world 37 points 3 days ago (1 children)

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)

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[–] arrow74@lemm.ee 22 points 3 days ago* (last edited 3 days ago)

Yep the train from being offered early access to their IPO as a "power user" to a permanent account ban did not take long.

So here I am

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[–] Madrigal@lemmy.world 123 points 3 days ago (3 children)

Aww, did Spez trade the family cow for some "magic" beans?

Good luck rebuilding the farm now, buddy.

[–] Talaraine@fedia.io 32 points 3 days ago

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

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[–] 52fighters@lemmy.sdf.org 90 points 3 days ago (1 children)

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.

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[–] Fingolfinz@lemmy.world 26 points 3 days ago (4 children)

Spez can suck a taint. I was on there forever and immediately bounced once that bullshit banning stuff started happening. Should have left sooner but that was the final straw

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[–] antisocialite@lemmy.today 83 points 3 days ago (4 children)

The censorship going on there is crazy. I understand a site needs to tamp down on violent rhetoric but they crossed the line into absurdity. They banned me for calling out the racism in the GOP platform.

[–] avidamoeba@lemmy.ca 55 points 3 days ago (15 children)

You sound like a far left lunatic. Welcome to Lemmy!

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[–] samus12345@lemm.ee 28 points 3 days ago

I have to admit I never thought they would punish users for simply upvoting content that went against their corporate overlords' interests. True thought policing.

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[–] TomMasz@lemmy.world 84 points 3 days ago (1 children)

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.

[–] brucethemoose@lemmy.world 35 points 3 days ago (1 children)

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.

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[–] Formfiller@lemmy.world 60 points 3 days ago (1 children)

Tends to happen when you ban all of your users

[–] Trilobite@lemm.ee 16 points 3 days ago

He listens to swatsticars guy why would any care any more

[–] grrgyle@slrpnk.net 35 points 3 days ago (1 children)

Their only utility now is in five year old comment threads discussing niche topics, and that can only stay relevant so long.

[–] JustTesting@lemmy.hogru.ch 7 points 3 days ago (3 children)

Though half the time it's

deleted

thanks that really solved my problem, you're amazing!

I still have mixed feelings about deleting one's whole comment history, though i also did that when I left reddit. it's the right thing to do, but the amount of information lost because of greedy leadership is super sad.

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[–] SuiXi3D@fedia.io 49 points 3 days ago (1 children)
[–] werefreeatlast@lemmy.world 25 points 3 days ago

Look, we can all laugh at that guy. That's it, that's the end of my comment.

[–] catloaf@lemm.ee 52 points 3 days ago (10 children)

If you deleted your content, reminder to go back and check it again. Despite running a deletion from my GDPR export data, yesterday I noticed a bunch of comments suddenly showing up on my account that weren't there before so I i had to rerun the deletion.

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[–] mrgoosmoos@lemmy.ca 34 points 3 days ago (1 children)

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.

[–] NarrativeBear@lemmy.world 13 points 3 days ago (2 children)

Its already increasing hard to find relevant posts when doing a Google search with reddit in search. Most posts are from 2 years ago with low upvotes for niche topics.

This does make me happy

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[–] selokichtli@lemmy.ml 26 points 3 days ago

/r/wholesomenews

[–] aramis87@fedia.io 61 points 3 days ago

It's not just the AI bubble, it's a distinct lack of faith in Huffman and as a CEO. He's not forward-thinking enough, he hasn't understood where the company's value lies, and he's ridiculously distracted by the latest shiny tech things (reddit NFT avatars, reddit crypto, reddit AI).

I fully expect Google to buy reddit at some point, exclusively harvesting all the info for their search engine, all the content for their AI models, and all the submission/view/voting data for their user profiles (what are you interested in, what do you think of these concepts, where are you connecting from, here are more ads we can send you, and these are arguments that might sway you in purchasing or other decisions).

[–] ShittDickk@lemmy.world 22 points 3 days ago (3 children)

Maybe if they didn't ban their (majority) liberal users for having "opinions" on the current government, after nonstop rhetoric from conservatives.

[–] Goblino@lemmy.studio 5 points 2 days ago

I used to get banned all the time from liberal users too. Especially, when the whole Bernie Bro thing was happening. r/politics was the fucking worst.

[–] rice@lemmy.org 10 points 3 days ago (2 children)

ahhh is that why so many people are here now? I've been watching development and browsing but it was pretty dead for years until the last year or so lol

[–] Ledericas@lemm.ee 8 points 3 days ago (1 children)

Half of reddit comments are all bots , and many posts are AI generated

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[–] Fedizen@lemmy.world 30 points 3 days ago
[–] gencha@lemm.ee 40 points 3 days ago (1 children)

A "dip" is when the stock goes back up. This is a correction

[–] Zombiepirate@lemmy.world 29 points 3 days ago (1 children)

I thought a "dip" was the CEO of Reddit.

Looks like we're both right!

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[–] satans_methpipe@lemmy.world 16 points 3 days ago
[–] Lucky_777@lemmy.world 18 points 3 days ago (1 children)

Found a picture of avg Lemmy user blasting their Reddit accounts away.

[–] SnowzSan@lemm.ee 18 points 3 days ago (1 children)

Exactly why I'm here.

All the American rhetoric that gets shared about how theie government is becoming facist but any call to action or talk of action is instantly bannable.

Fuck Reddit.

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[–] drascus@sh.itjust.works 16 points 3 days ago

I hope people keep buying and that it keeps losing money. I hope all these assholes investing in it lose a shit ton of money.

[–] pyre@lemmy.world 6 points 2 days ago
[–] Skellysgirl@lemm.ee 9 points 3 days ago (1 children)

Been and deleted every post and comment manually. Do I need to do anything else?

[–] aaron@infosec.pub 7 points 3 days ago* (last edited 2 days ago) (2 children)
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[–] MithranArkanere@lemmy.world 29 points 3 days ago

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.

[–] formulaBonk@lemm.ee 29 points 3 days ago

Well the ipo brought enshitification at max speed so that’s not surprising. They ostracize and remove users who contributed to communities for a decade+ and then replace the long standing communities with a generic, Reddit controlled alternative that only reposts all time top posts to gain traction. The only thing Reddit has going for it is the user content which is rapidly getting buried under AI slop. Worst of all (for the investor class) you can’t really see Reddit being turned into another right wing cesspool to bait young men into violence with … so there really seems to be less and less reason for Reddit to exist. Let’s hope by 2030 it’s like one of those websites people say “remember when we had Reddit …”

[–] drmoose@lemmy.world 20 points 3 days ago (1 children)

Honestly reddit is still underrated in terms of social media value but it's a doomed platform from management pov. Its just so leaderless and spineless rn.

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