That’s why I’m here now.
Welcome!
Missed numbers. But the overall market is tanking.
What if we made a freeze peach website that allowed the most vile people in society to build flourishing communities of “fatpeoplehate”, “jailbait” and worse, so they can curate content and cultivate the most vile parts of their identities, and attract many others to their awful networks of hate? Then when it gets out of hand, ban those communities but transfer all of the institutional power built by those communities to police, imperialist military and intelligence services as well as various sources of consent manufacture? Then after our ipo of course, once those elements completely seize the platform, and it becomes overrun with bots, ban all forms of speech that contradict the will of those entities and the interests they defend?
On second thought I think I’ll just use Lemmy instead.
It’s just FUD, diamond hands 💎🤝, to the moon 🚀 🌒, etc etc
/s just in case
This may just be a general trend. I don’t know if you looked at your portfolio recently but everything has tanked.
By four percent, not forty.
Lots of companies tanked by over 10%. Crowdstrike for example tanked 20% in one month. Vista corp tanked 33.1% in a month.
And even more didn’t.
Yes, but the reason for reddit being down 40% is still related to the market. SPY went back to the same price as October.
Reddit is pretty useless for getting any kind of advanced information on any topic. The impression I had of the US election based on it was completely out of line with reality, so in that case it couldn’t be trusted as an accurate source of information on current affairs.
People are addicted to it, but you’d have to be pretty sad to pay for it.
Blocking ads on it is a trivial matter. It never made any money.
The question is why did anyone think it would ever be worth much at all.
The impression I had of the US election based on it was completely out of line with reality
I’ve largely switched to Lemmy for the past two years, but this was really the last nail in the coffin for reddit for me too. It’s an enforced echo-chamber and no longer a reliable source of information. It’s hard to notice how bad things are when the politics are leaning in your direction, but once you see it, you can’t unsee it, and it feels gross.
Lemmy is obviously pretty politically homogeneous too, but the difference is that I don’t feel like someone is trying to trick me. Topics and and sources are clearly influenced by the individual posters’ opinions, but it doesn’t feel like there’s a coordinated behind-the-scenes effort to push an agenda, which makes for a better vibe.
So this place isn’t overrun by bots. Awesome. As someone new here, are there fewer bots bc it’s a smaller audience, or are there actually protections against bots?
lesser bots, i think because reddit bots are mostly political propaganda ones from RU and US.
So, it’s all down to federation, essentially. If an instance allows its users to act in bad faith (lemmygrad, exploding heads, etc), then typically people will ask their instance admin to defederate from them or else move to a server that will. And if you can’t find a server you like? Great news! Just pull down the source code and start your own!
Worth noting that lemm.ee pretty much does not defederate with anyone so is great if you are going to be moderating any communities because you can actually see nearly everyone that is posting.
Yeah, I also have a strong [left] libertarian bent, and I appreciate that .ee admins trust me to block servers I don’t want to see for myself. I think the only two that .ee has defederated from are lemmygrad and exploding heads (Nazis).
Unless I am wrong I don’t even think that those ones are blocked.
Oh shit, maybe I’m just banned lmao
Welcome welcome! The few bots that try to spam have been found out and disconnected relatively quickly (there have been a number of Fediverse-wide intentional efforts to spam that were dealt with).
The comment quality tends to be higher on average and braindead meme chains that bots can copy for karma farming are far less common.
That said, the Lemmy experience is yours to craft. Subscribe and block as needed, don’t feed the trolls, don’t sweat getting a few downvoted comments here and there, report bad behaviour and have fun.
Yep, its got pretty extreme. So many comments seem to be bots, and it really feels like you’re being pushed in a certain direction. I can’t fathom how it got so bad
There are bots on here too. I’ve noticed a lot of handled accounts that will reply consistently with pro Russian propaganda. Some may be bots, but others are handled. Either way, the goals are the same.
You sadly can’t escape it these days.
No matter where you go, it’s best to be aware and double check sources.
I’ve noticed a lot of handled accounts that will reply consistently with pro Russian propaganda.
without evidence, you are just spreading fud
I said “I’ve noticed” which is anecdotal, but others have shared similar experiences with me. That along with the well documented interference campaigns, it’s not a stretch to draw the same conclusion here on Lemmy.
Did you read the article I shared by chance?
this is just more fud.
I wish I didn’t have to be skeptical, but sadly I do. If you read the article I shared, it outlined how insidious foreign influence campaigns can be.
For example, in 2019, 19 of Facebook’s top 20 pages for American Christians were run by Eastern European troll farms.
That’s just one example of many. We all need to be hyper vigilant.
Are you an Apollo exile?
I was a “Reddit is Fun” user for at least a decade
I literally just uninstalled both rif and rif premium 1 minute ago. Their last update was June 2023. I can’t believe it’s been that long.
For me, it was the massive uptick in bans that proved the manipulation was real
lemmy.world news and politics subs mirrored reddit strongly during the election shill op
people were banned to ciritizing Kamala’s campaign. Any discussion of 3p was also banned.
With that being said… federated nature permits people with different opinions to find other subs for discussions.
There’s a difference between being banned and being downvoted to oblivion for pushing idiotic tactics.
i said banned…
Lies
I thought they were supposedly going to be making money selling training data for AI’s.
And what is an ai trained on reddit going to help with? Misinforming people on specialised topics, or misinforming people on current affairs?
Edit - I suppose you might be able to train an ai not to reply as per replies on reddit, dunno.
lol
Fuck if I know. I never said it was a good idea!
Reddit is pretty nice as a source of information, but mostly on smaller and more obscure things, not big political topics like US elections… that’s what the last year has taught me, at least.
Its value is equal to its usefulness as a propaganda organ. Twitter wasn’t purchased to make money. A megaphone is more of a tool than an investment.
Dunno, I think Musk was forced to buy it, then he suggested it was going to be all sorts of things while massively cutting costs, before pivoting to giving Trump a quarter of a billion in order to get access to government.
I don’t think there was any intention to buy twitter for propaganda, and I haven’t seen any evidence that shows to what degree (if at all) it helped Trump get elected.
I mean, you DO understand that the current situation involves granularity like we have never witnessed before, algorithmic fuckery that we have been warned about, and the fact that access to Twitter data in controlled by the guy who initiated all of the fuckery involving twitter, right? What I’m saying is that your standard for evidence is not in touch with the current reality. Fortunately, this guy can’t seem to hide his intentions, so we really don’t need an in depth analysis. The only ones who would wish for the rest of us to demand such a thing in order to believe what we are seeing in front of our very eyes are the ones who would benefit from the truth being obscured… Oh. I think I understand now
I wish I was naive as you.
he only used it as a propaganda tool after he was forced to buy, he had to make that money back somehow, SAUDIS and putin did step in to help.
Stop, stop! He’s already dead!
Well, I guess that’s related with the boycott to American products.
I don’t understand what that would have to do with a social media site
The movement it’s expanding to all areas. Check the group Buy from Europe, inside Reddit, you’ll see that people are trying to go as far as possible. Also, the Dollar is loosing value against the euro lately
This particular decline was caused by a bunch of insiders, including one greedy pigboy, selling some of their shares..
That’s not necessarily a sign of any problems at the company, though. These insiders are probably carrying this equity from before it ever went public and sell shares periodically as part of their (insane) compensation.
There have been multiple sellers since the end of Feb that have had an impact. Pays to be an insider lol.
Specifically, insider Benjamin Seong Lee sold 92,299 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $157.35, for a total value of $14,523,247.65. Following the transaction, the insider now directly owns 115,001 shares of the company’s stock, valued at approximately $18,095,407.35. This trade represents a 44.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Michelle Marie Reynolds sold 11,965 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $157.41, for a total transaction of $1,883,410.65. Following the transaction, the chief accounting officer now owns 48,418 shares in the company, valued at $7,621,477.38. The trade was a 19.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In other news, CEO Steve Ladd Huffman sold 14,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $160.30, for a total transaction of $2,244,200.00. Following the transaction, the chief executive officer now directly owns 597,515 shares in the company, valued at $95,781,654.50. The trade was a 2.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
That’s not necessarily a sign of any problems at the company, though.
It’s a very strong sign that there aren’t a lot of people waiting to buy.
But then, as many people already commented, the market is not very hot right now.
Reddit sucks! 12 year user and getting banned for upvoting ‘promoting violence’! I hope it goes to 0
Deleted my 14 year old account today; wasn’t banned (yet) but fuck if I’m sticking around for this 1984 bullshit.
I’m a 12 year too and just switched over when they blocked Boost last week (so, right before this Luigi stuff). I have to say, after a little learning curve, I like this experience a lot better (still on Boost, BTW). Keep on tanking, Reddit; the more users that jump ship, the better. I’m planning on backing up my post/comment history before I delete my account, but otherwise I won’t be looking back.
Welcome! Glad to see all the new users here.
Thanks! I’m sure more users will come over given what they’re doing
Did Luigi save us from reddit? What can’t this man do?
This is Macro scale issue with whole US stock market not an specific Reddit Issue I Believe
I’ve checked some companies and that seems so, though reddit seems to be the only one that lost ~40% value in one month
Tesla and DJT have lost similar amounts in the last month.
in my experience, reddit advertising has been idiotic for several years.
I go to a basketball subreddit. there are no relevant ads about basketball. not local team tickets, not streaming services, basketball equipment, basketball merch, or even a video game.
I go to a subreddit for a tv show. it’s similar. There are no ads or links to buy dvds or tickets to a convention or anything related to the show.
They could totally target advertising based on subreddit and they don’t.
I can’t believe for as long as I’ve been on Reddit I never realized that point you just made. Good shit dude.
Is this because they think they’re more likely to get a more valuable click by showing you targeted ads from the highest bidder?
Targeted ads always seem to be so poorly targeted.
$134? Actually insane
Seems like some owners of the stock, would be people that like using reddit. Which is in decline as well
Might just be drop from a peak, but lets hope it keeps dropping.
