Why Reddit, Inc. (RDDT) Crashed on Monday
We recently compiled a list of the 10 Firms Suffer Steep Downfall on Monday. In this article, we are going to take a look at where Reddit, Inc. (NYSE:RDDT) stands against the other stocks. Ten companies kicked off Monday’s trading in a bloodbath, mirroring the broader market pessimism, with valuatio...
Everything of value on Reddit was posted by people who have left
A lot of those people left for here
The content is so repetitive, likely because they drive engagement by reposting content with bot accounts. I still get a major amount of news from there, I can tell it's value is slowly fading
It doesn't feel slow. I still go there for a subreddit or two. It's better at sucking me in than it used to be but the crap that's it's using feels like crap.
Yep I swear askreddit has the same dozen questions on repeat
I recently left reddit for lemmy. More so because of the 51st state bullshit and calling our Prime Minister a governor, rather than the tariff's and buy Canadian. Most of what I posted on reddit had no value and I hope to continue that honourable tradition here.
I for one welcome your shitposts
I had to delete thousands of my posts from there multiple times before they stayed deleted. I had most of a decade of helping people out regularly. When all was said and done the only post I left on there were the ones that were helping people migrate to Lemmy before I left.
Disagree, as somebody that started on reddit 15 years ago who now browses Lemmy daily, I still read and post there more because there is more content and discussion.
People that say otherwise are living in a Lemmy or bluesky bubble
You're most certainly part of the problem. You're like someone who complains about local restaurants closing, but keeps buying drive through. Reddit isn't better, it's merely easier, but it's also a terrible value and bad for your health.
There is nothing positive that Reddit is capable of, that Lemmy is not. It all comes down to shifting the audience. Lemmy keeps improving, while Reddit keeps getting worse. All Reddit has is inertia, the energy of which came from a distant, nearly forgotten push. Put some time and effort in, help build something rather than merely consume it.
I'm one of those people. I joined reddit in 2006, and was a very active poster/commenter for nearly two decades.
I deleted all of my alt accounts and logged out of my main for good, well over a year ago. The communities I was involved in were still mostly human and organic, but I saw far too many people getting blocked for disagreeing with the organization. (In addition to all of the other bullshit they were pulling, of course.)
I left, and came here. Lemmy was a wasteland of so few posts that I could read/skim ALL OF THE POSTS on Lemmy, across the fediverse! It was sparse, but I resolved to be the community I sought.
And now we're...getting there. Reddit still has more real content, but it's not worth digging through the trash for, and they're not a company I want to prop up anyway.
A huge amount of uncensored bots and censored users. I called too many nazis nazis for reddit and am IP banned now lol
I still read and post there more because there is more content and discussion.
You're free to post and upvote whatever they want you to post and upvote. Go ahead and post the word "luigi" there, or even just upvote someone else that did.
It's certainly more content but I'm not so sure there's that much well-intentioned human-human discussion anymore. A lot of comments strike me as generic comments like those that could've been generated by a bot or a person working from script. I've begun noticing it on the local sub I usually check, as well. Until they wall it off it is still full of useful old references from a couple years ago, though.
Yeah that's just all the normies left that came after it was already good. They heard about it from a friend on Facebook
Lol, finance (and thus financial reporting) is so braindead.
I'll summarize the whole article: Why did RDDT crash? "Because the stock price went down. Some people sold the stock, so more people sold it, now the price is lower"
Thanks Yahoo finance, this is the journalism we rely on you for...
This is what people mean when they say they have an economics degree.
People selling the stock does not cause the stock value to lower. For every sale there is a purchase. What causes the stock to lower is people willing to sell for cheaper.
This is semantics, because that's the same thing.
If you want to sell now you have to sell at a lower price, to have your put orders at the top of the stack. So the reason they were selling a lower price was just that they actually wanted to sell.
Sure, you can put an order to sell at some optimistic price, and that won't effect the stock price, but simply having a put order on a stock is not actually the same as wanting to sell. People actually wanting to sell now lowered the stock price.
I’m giving you an angry upvote for this, because this comment is on one of two ends of the bell curve.
Reddit is going to quickly be replaced by AI, leading to the question: what data will AI train on after that?
My conspiracy theory is that the recently popular ExplainTheJoke and PeterExplainsTheJoke subreddits are being used to train the AIs to understand the context behind memes.
My husband still browses Reddit regularly and when I asked him about this he said that the r/tattoos has definitely been taken over by AI training. A lot of the posts there are photos of tattoos with generic questions like "what is this style of tattoo called" or "how long would a tattoo like this last". The only useful results I've found recently are from years ago, and even then a lot of searches lead to discussions with a ton of deleted responses.
Oooh that's a good one.
Also AI.
If they keep feeding garbage data to 'train' AI were going to end up living in a future ruled by an absolutely deranged train wreck of an intellect.
No changes for the US.
Who will train the AI?
"The AI!" Said the AI.
Because it's trash?
Somehow it's both under-moderated AND over-moderated
It used to be the "front page of the Internet". Now it's at the top of my search results, but the last page I'll actually visit...
I've actually noticed it trickling out of being the top result in my searches for tech related questions. More and more, I see results from native forums of the things I'm googling.
The term you're looking for is "biased"
Sure but that doesn't explain the mechanism
Wow, reddit is actually up 164% since IPO. Did not expect that at all
I'm a bit surprised it's not higher.
Everything they've done is to increase their profits revenue. While some people may have left as a protest, the vast majority of people don't really care - see: twitter, facebook, instagram, tiktok. If anything, the "bad news" about people leaving was great advertising for them.
What I've observed over the past ten+ years, and still don't understand, is how anyone enjoys the platform at all. At one level, I get that it's just another social media platform that promotes headlines and memes. But the voting system and the engagement is revolting. I'm not going to say it's 80% bots but I will say that 80% of people using social media might be dumber than the bots.
I deleted my account in 2023. I have to admit that there are few if any reasonable alternatives for some of the subs existing there. The Fediverse really doesn't satisfy the need for people to get semi-expert opinions on things, for example.
If the GME/AMC story taught me anything, the price of a stock doesn't necessarily reflect the value of the company. It's just what people are willing to buy/sell the stock for.
Good. Let it fucking burn.
Reddit crashed on Monday because Hoffman thinks he can fuck with investors like a trillionaire can. Do I need to put the clap hands in between all the words, too?
is "fuckboy" synonymous with "pigboy" now?
what the fuck is this year's april fools gimmick gonna be now? please please please please please do space again. i want to see that roman salute!!
Because they banned all their users
Reddit should be a penny stock