Bloomberg - Are you a robot?
www.bloomberg.com

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

  • ShittDickk@lemmy.world
    38·
    2 days ago

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

    • Goblino@lemmy.studioEnglish
      9·
      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.

      • Dead_or_Alive@lemmy.world
        4·
        2 days ago

        Are you me? Because I got banned from every group at one point or anotherc… r/guns, r/europe, r/politics, etc. etc.

        Ironically what got my account permanently banned was a comment advocating for disabled access to buildings in r/Europe of all my comments I didn’t expect that one to get me banned…

        After that I scrambled all my comments on my 10+ year old account into AI generated gibberish to poison the well and moved to Lemmy. Now I just use Reddit for porn searches.

        • Goblino@lemmy.studioEnglish
          21·
          2 days ago

          I didn’t think I was you, until you mentioned just using Reddit for porn searches… Ya never know! I made a joke about guillotines, bitched about how the Dems helped let this mess happen, etc. If the stakes were so fucking high, then why did they try to Weekend at Bernies “my friend Joe” over the finish line until his brain turned to mush on live tv?

    • Ledericas@lemm.eeEnglish
      13·
      2 days ago

      banning people for also calling out right wingers and trolls, worst is banning people for misconstrued statements, and also reporting people,g ets you banned.

      like one time '18 a person asked why people were calling MICHELLE obama a certain way, i said the conservatives called her a gorilla, with gorilla arms, insta-banned.

      they allowed astroturfing on reddit, which makes worst because they are tryint to “look fair” but refuse to do anything about the right wingers control certain subs.

      actual POLICE(former and active) individuals control the legal and videos related subs.

    • rice@lemmy.orgEnglish
      12·
      2 days ago

      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