CEO Steve Huffman said, “These deals aren’t binary. They have to make sense for Reddit, but there are many ways, I think, for the value to return to Reddit.”
lol - “The value has left Reddit”
-/u/spezWho could imagine when you piss off:
- third party devs who make the apps your best contributers use
- your unpaid content creators
- your unpaid moderators
…that the “value” would leave 🤣
Yep, it was the API thing that finally did it for me, but looking back, I should have seen it coming after all of the other stuff.
Third party apps made Reddit a dream on mobile, a big part of its success were the passionate people. And they showed us all the middle finger
and now its filled with prop bots, bots/spammers(for thier own sitess) and AI reposting bots.
For me it was the way they treated the Apollo developer Christian Selig leading up to the whole API thing. Absolutely heinous.
Same. Although I’m reading this on Voyager, which has borrowed heavily from Apollo
Gonna tell my kids this app is Apollo and pour one out for those that didn’t make it.
Remember when YouTube started having AI narrated posts from r/askreddit in its shorts? And how that slowly morphed into the AI generated slop stories about how one family member give the rest of them their comeuppance because the Henderson account valued results instead of random cheap business practices involving Sgt Menendez and his cheating ex girlfriend?
(This stuff is like candy to Boomers because it mirrors the reader write in sections of Reader’s Digest.)
I should have noticed this earlier, but it dawned on me a few weeks back.
Caught my father in law who’s addicted to youtube watching a video about some WWII pilot that knew how to shoot at enemy fighters from his time hunting hogs in Kansas. It was entirely AI generated, the video, the voice, and the narrative. That person didn’t exist and it didn’t survive scrutiny if you know anything about guns. But damn the comments were just boomers gooning over military wank.
the comments were likely Ai generated bots too.
I never did like the “bullseye womprat” logic.
For me, I already disliked reddit and just needed to know that this place existed
I use sync for Lemmy and its elite. I can’t fathom using the piece of shit reddit app.
Yeah it was my reddit client until the API then the dev pivoted to Lemmy and I just picked it right up again
lemmy has been talking about this for like 3 years now. you people have nothing new to say 😅️
Reddit never was the same after the whole API/Mod fiasco. Many subreddits simpy died. Old users that made the site what it is left and there were new ones, but the whole vibe shifted.
it wasnt the same when they used the banhammer on “illicit subs” during trumps first turn, every sub just had political elements in after that, and that was the same time russia started thier trolling, and the bannings began then.
The vibe is still similar in some places. I get a lot out of lurking on some of the trans subreddits for instance. But yeah, anything outside of small niche communities has been enshittified into another Instagram.
I actually got an award as being in the top 1% of reddit karma earners for 2022.
In 2023 they banned me because I didn’t buy stock when it was being introduced.
You’d think they’d want me there. Creating content. For free. I’m sure they thought I’d just create a new account. Nope. I just came here.
Weird thing is, I’ve had two main running jokes for years. One is being obsessed with corn. The other is calling George Clooney a smug bastard.
George Clooney really is a smug bastard.
I was also invited to participate in the IPO (in 2024) due to my “top tier” karma.
Didn’t get a ban for not participating but wouldn’t have given a shit if I did.
OH NO! CAN’T CREATE A NEW ACCOUNT!!! ThAt’S bAn EvAsIoN!!! (autistic screeching ensues accompanied by excessive farting noises)
2023 they banned me because I didn’t buy stock when it was being introduced.
I had several mod accounts (smaller subs - I made new accounts for each one) and didn’t buy any stock. Wasn’t banned. Did they explicitly say this to you?
Revenue of $804.9 million beat estimates of $731.8 million. However, US daily active users came in at 53.2 million, just shy of expectations of 54 million. The company’s total daily active users grew by 18% to 130.3 million versus estimates of 130.07 million.
reddit is fine
And continuously piss off 99.9% of your uses
I want that sticker!
Thanks!!
…wait its gone :( darn.
Sorry, was in a hurry to GTFO of work when I posted, but yes, it was a limited run on etsy. I’d reach out to the maker and ask for them to do another run though.
Have an awesome weekend!
Its all good, its great it exists. You too!
Firing Victoria was the beginning of the end.
It really was. Everyone was stunned when it happened. I hope she’s someplace good now.
Out of all instances to put on a sticker… that’s not a good choice. Fuck lemmy.world.
what’s the problem with lemmy.world?
Why are you here?
He’s not there, he’s clearly on a different instance. The hell you on about.
He sees the content and interacts with it on his own instance so he is not in fact “here”. Unless you are trying to somehow claim ownership of this community because it’s hosted on the lemmy.world instance.
🤡
( ͡° ͜ʖ ͡° )
Can we send him pizza?
Beans, maybe?
What a galatically stupid asshole.
Makes sense, Reddit feels like a shell of it’s former self.
After the apicalypse many subs seems to have died, also the new UI that has been pushed for a decade or so, seems to promote consumption of content and discourage creation of content, further reducing new content.
Reddit has been many, many times by AI companies, why keep scanning if the content stays 98% the same, with most new content being of mostly lower quality, simply due to people posting AI shit.
This was a very predictable outcome.
As soon as Reddit’s history got scanned by AI models, it lost 98% of it’s future value.
Don’t forget that you can’t use VPN now, use the web version on mobile, and most accounts gets banned as soon as they are created by the automod.
You also cannot view it without being logged in now. Which gets a groan from everyone in chat when a friend shares a Reddit link.
I have no clue why they decided chasing off users and being less useful was somehow going to help them. Particularly when they were the place to go for huge segments of the population.
You can still browse anonymously with red reader. Suggest getting it off f-Droid, but it’s also on the play store. No iPhone version though.
Another reason to switch to Android/GrapheneOS.
Firefox (including the one on Android) has extension called libredirect which… redirects to those privacy oriented frontends for lurking.
I was heavily addicted to Reddit and I’m glad they allowed me gradually get off of it with the API (never installed their app) and now blocking read only access (which made me use libredirect).
Given that content quality is also degrading I never felt urge to to use the app, now I don’t log in (using the lurking portals makes it more disruptive to leave a comment, I always log in using private tab) and I suspect I eventually will stop using even that (there’s only few subreddits that I am still interested in).
j
Redlib is also an option with a few working instances. No need for an app for that.
redlib is self hostable. Its great if you’re into that.
You can without being logged in, but not old reddit. If you’re getting the “join the most alive place on the net” (lol) popup, ublock has optional anti-annoyance filters that fix it.
Is that pop-up on the “new” Reddit?
Yeeeh. There’s a “oh you gotta log in” pop up on “new” reddit now, and old reddit makes you log in. Site’s gone to shit
LOL, I thought the whole point of this was to encourage people to migrate to the new layout.
Nahhh they’re going full Pinterest “you have to log in to see ANYTHING!” D:
For now, you can still use nü-reddit without an account.
The reason: greed
Just within the last week or so old.reddit.com was effectively disabled and stopped working. (I think it might work if you log in, but i quit doing that 3 years ago). It was a nice resource and it’s said that it’s such a shell of what it was. Right when the internet is really needing human voices too
They are only doing one segment of users at a time and I’m guessing their metrics are telling them 90% of those users don’t play ball and just stop visiting. I’m guessing they might go back on it in a bit.
Doubtful. It was inevitable that they would do that eventually.
Users using old.reddit are undoubtedly the least valuable users.
They wouldn’t turn it off for everyone all at once in order to avoid creating a large number of upset users all at once.
They fingerprint your device, if you get a new phone or reset i (you can restore, just logout on safari and clear cache, use a new user, etc. google automatically logging me back in to an alt that got banned alongside my main got it banned) I’d just quit and find better hobbies, reddit feels like it isn’t a waste of time but it really is.
Yeah it is a waste of time and I have been seeing that more since switching back to the fediverse.
Also thanks to the mods of /r/worldnews for helping kick my reddit checking addiction since I got banned and keep getting flagged as ban evasion lmaoooo
Fuck spez and etcetera
In my case it was r/publicfreakout which always feels ironic
Never forget that they killed the API for a mere $60M AI deal.
Like, if spez apologized and restored API access, and made an effort to kick fascists off the platform, I might consider going back. But as is, I will watch with glee as he fucks over everyone stupid enough to buy his IPO.
Besides apologizing and changing course, spez would need to leave before I considered going back. The way he behaved during the API BS ended my capacity to trust him in any way. Reddit as an organization, maybe they can turn things around and return to their purported values, but spez is not an honest person and will do or say anything if it serves his own interests.
60M USD is insanely cheap for that data, remember, it was categorized and structured into threads and subthreads in specific categories, not to mention all different languages already being mostly sorted and ready for consumption.
They could probably have got a few hundred million USD for it if they held out longer.
Most of the people who bought during the IPO probably already cashed out.
At this point, I don’t trust any corpo platform. If I don’t already use it, I don’t need it. My efforts go where it matters, not to sites that don’t love me back
I swear Reddit started changing as soon as Trump won. I think reddit did such a great job of exposing Republican lies and grifts that some rich ass hole just said we will express interest in investing if you start censoring your content and now here we are
They pushed donald and conservative to the front page constantly with less upvotes/comments than any other post there
/r/the_donald was one of the most active forums pushing Trump.
The r/AskRedit thread that got me banned permanently was asking how people thought the Trump presidency would end. You could tell by the amount of “Post deleted by user” and “post removed by reddit” that the general consensus was that eventually someone would hit the bullseye and finally ventilate this sack of shit’s skull. I observed that it’s telling that they are so against even discussing threats of violence, that it makes the mods complicit in the crimes of the regime. Fun fact/spoiler alert: The mods did not like getting called out like that.
I don’t get how they hate violence when I was last there it was full of drone videos blowing bits of Russians I to the air.
because the admin are secretly right-wing sycophants or Neoliberals who think every political problem can be solved by “talking out our differences to find a middle ground.”
I’m no tankie, and I do always hope that a peaceful solution can be found, truly I do, but the cold fact is that the most effective cure to actual, demonstrable fascism is BULLETS. Preferably “early and often.”
But this is veering into politics so back to discussing reddit
The_Donald was banned years and years ago.
Along with chapotraphouse but the Donald did quite a bit of damage. I swear the Donald was pushed as a honeypot to enrage users who hate the fucking right to get them to engage and then get banned
Frankly I’m surprised they didn’t ban a ton of users, myself included, when they nuked CTH.
I didn’t understand CTH so I never joined it. The only reason I knew of it was due to the dollop podcast and they don’t even reference that much. I think I just saw it mentioned in a comment
Oh I never listened to the podcast, it was mostly a refuge for people who got banned from LateStageCapitalism for whatever garbage reasons. (In my case, it was suggesting that just because North Korea was at odds with the Capitalist West didn’t mean we had to take their propaganda at face value.) So it was a place where non-tankie leftists accumulated. Mostly meme trash and simmering resentment.
In 2020. So way, way too late.
trump the 1st time actually. thats when they started banning heavily, also the same time russia realized reddit was ripe for stoking division/infighting. remember all those subs that were considered illicit by the gop.
Nah, I think that when Trump won, reddit and other platforms realised there was no need to pretend to be apolitical or balanced.
It feels like the decent into fascism started there in general. We need to backlash so hard we make up for lost time and then some. Fuck conservatives for subjecting us to this, and fuck “centrist” liberals foe enabling them every step along the way
Was always going to happen.
The most valuable data is always going to be on open platforms that prioritize ease of use, because that’s where people will go. But then the company starts looking at all that data and how much it’s worth.
Before they can charge people for it, they have to make sure no one can get it for free. But in doing so chase off the users who were making that content.
Leaving them with a locked down worthless ecosystem.
Nothing is meant to last forever tho, and reddit won’t be the last.
reminds me of how Gaia Online’s user run economy crashed so hard due to Admin mismanagement that it became a cautionary tale in economy textbooks. https://youtu.be/vyzQnsa8SA0
The Gaia economy shitshow is absolutely crazy. I had quit before it really fell apart but even in like 2006 it was clear the market was unhealthy.
I actually walked away when i got big into Minecraft and mostly switched to reddit because the Minecraft community is truly gargantuan over there. Infact, it’s one of Reddit’s main pillars of user engagement and the de facto off game community connection. I rewatched that video and the whole time I was going “Reddit is doing the same thing! Reddit is making the same mistakes! HOLY SHIT HISTORY IS REPEATING!!” When the owners of any social media platform stops listening to their user base, or worse, thinks they know what’s “better” for them, it’s the beginning of the end. It’s like all those Celebrities that start resenting their fans or think they (the fans) OWE them (the celebrity).
I wonder? Just before I was banned, I used a third party app to scrap 14 years of my data and delete it all. Not long after that I was banned for some truly innocuous post.
Your last paragraph is a major point that I think a lot of people don’t think about, and I’m surprised Reddits executive team didn’t bail as soon as the AI was finishing the scrapes.
They didn’t need to bail since they did the IPO and could just sell their shares. I haven’t kept an eye on how much insider selling has gone on but I am sure they all have made bank over this past year, it is public info if anyone feels like looking it up. I would expect if the stock prices continues to tank and stays down you will start seeing executives abandon ship for greener pastures.
They have their own AI, but it’s an eyesore that undermines searching in a mobile browser. They added it after an update further deteriorated the Reddit App experience.
So they:
- further enshittified the app,
- put AI in the search bar.
And that’s within the last year or so.
not to mention the NSFW purge. Like it or not, that was a HUGE part of reddit’s success.
I hope they purge piracy, roms, emulation. Currently that is a huge valuable resource, and getting rid of that might lead to those users coming here. Those types of contributors are the ones who add value with their content.
Wait what did they do to the NSFW subs? They were still active when I was banned a few years ago
they removed the r/nsfwrandom search string, and banned hundreds of the NSFW subreddits due to “lack of moderation.” You can still go to many of them, (that remain) but you have to actively punch the subreddit into your address bar, and then you can only link to other related subreddits through the Subreddits’ own link list (which is only up to date if you’re lucky). Searching for them is still possible but access is a crapshoot due to the aforementioned subreddit bans.
i heard many of them got purged from another forum. some people make it a business to push or promote thier content/agency on these subs. funny how reddit target these people and not the propaganda bots.
What? I remember years ago when making maps of Reddit community connections was all the rage. On the maps weighted by posts and subscribers, it looked like Reddit had a sizeable NSFW section. On the ones weighted on traffic it looked like Reddit was a porn site with some other special interest forums.
They killed off the old ones by timebombing the subs with strict requirements for activity. They started complying with takedowns, which nuked wide swaths of NSFW reddit. The death of gfycat was another sudden and massive removal of content.
The NSFW part of reddit didn’t go away though. It’s transformed into OnlyFan spam. So it’s not really porn. It’s redlight district ads. Hot local girls want to meet you!
Woah! Fractal Internet!
deleted by creator
Redit is Fun app was the best times. When they killed off third party apps it pushed me into a lurker, since I refused to use the official reddit app and didn’t want to go to the effort of patching old third party apps to get them working.
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Thirst traps, obvious bait posts, and peter explaining the dumbest fucking things on earth.
alot of the repost on the “insteresting type subs, are AI”. some of the news are reposted as well.
Well I was banned for saying there’s never a bad time to punch a nazi in the face in response to a screenshot of Indiana Jones doing just that. So good. Fuck reddit.
Reddit Drives away Their entire user base.
Reddit - “oh no what happened to my user base?”
Fuck off reddit
“I wonder what we did to drive away engagement.”
It’s fucking laughable “us daily users metric dissapoints”. What the fuck do they expect when they ban their long time users permanently with no appeal process, make it so you can only view the site through the app censor any revolt and start bringing on nazis.
It’s literally the antithesis of how and why reddit became so popular in the first place.
It’s all bots and influence ops over there anymore
If anything this shows how totally fucked equity markets are.
- Predicted $732MM revenue, reported $805MM (10% higher than projected)
- Expected 54MM DAU, got 53.2MM (1.5% lower than projected)
- Expected daily users growth of 130.07MM, actual growth 130.3MM (0.2% higher than projected)
So they’re making way more money than expected, but they haven’t sold out their users fast enough so dump the stock?
What it is is proof stocks should not be sold to investors. Should be owned by employees. Coops ftw
Yes but then how will the execs make money
They can think of something on the way down.
May the gods hear you
When they go low we go high.
The higher fall lets the guillotine gain more energy before impact.
How will employees raise for any kind of cap-ex? This simply does not work in practice.
The current system has folks raising cap-ex by selling bits of control in their company, but this is a thread about how that system has failed to both expand capacity and increase the utility of reddit. So. IDK, they could raise money with bonds or grants or something. It doesn’t really matter too much because the current system simply doesn’t work in practice either.
Ever check out Mondragon before?
I’m a big fan of employee owned companies and I think that should be encouraged.
At the same time, there IS a place for investors.
But all 3 factors of production (land, labor, capital) are supposed to have equal seats at the table. In recent years capital owns the table and chairs and decides when land and labor are allowed to speak, which is not what successful capitalism looks like.
53.2 million daily active users, which is down from 53.5 last quarter. US DAU is shrinking.
A small blip. Not enough to trigger a sell-off, but also if it was a reason that would be the stated reason not just ‘no new AI deals’.
As a user, the decline in DAU I think is representative of a series of user-unfriendly policies and changes that the users have clearly communicated dislike of but management insists on anyway.
Mostly I just want reddit to die. I’ll savor my joys when I can.
Reddit the company or Reddit the platform? Or both?
Personally I still have a lot of love for Reddit as a community, which extends to as a platform. I’m not a big fan of the current corporate leadership, they seem to have enough sense to not piss off users completely but it also seems pretty clear they have a vision to turn Reddit into another mindless scrolling app, and the users (many of which have been with the platform for a decade or more) are useful as free moderation staff and content producers and don’t have major influence on the direction of the platform or company.
Problem is, let’s say Reddit ‘dies’. What exactly does that look like? It’s not like the site would just shut off and go dark and everybody goes home. It is now a publicly traded company worth $30 billion. Spez is accountable to the board of directors who themselves are accountable to the shareholders. And if Reddit fails, none of them are just going to sit there and do nothing while that happens. You might get very very very lucky, the board of directors might replace company leadership with someone interested in preserving what made Reddit great. I’m talking somebody who would bring back /r/all, roll back a lot of the new Reddit style stuff, etc. More likely they would say if spez isn’t making them money they will find someone who will and you’ll get somebody who has no understanding of the community and decides to turn the screws on monetization. Or if the company loses a lot of value it would just be bought up by a private equity firm that would ring every last dollar out of it and run it into the ground in the process.
All I’m saying is, think of wishes like that like a genie in a bottle, you make a wish and there’s a good chance it will backfire.
I liked the community overall. Spez and the mods in general though are what I dislike. Centrism and zionism are king there. So its a propoganda site and thus needs to go away.
Why would AI want a continuous deal with Reddit? Don’t they get all the data they need the first time? I doubt the new content is worth as much as the previous deal… maybe I don’t understand what these deals are for.
lol, ROFL even
Quite possibly lmao
Likely rotflmao
Might need the roflcopter
Thank you sir.
Oh shit, I haven’t seen the rolfcopter in years. That brings back some memories
Why the hell is Reddit publicly traded? Like what is the product even?
Well the product was the users, but since it’s mostly bot traffic now I’m not really sure ¯\_(ツ)_/¯
Everybody now! “If the service is free to you, then you are the product!”
they went public 1-2 years ago, spez wanted to be “richer” so he sold off some shares,which made him richer.
The same could be said for newspapers.
So it’s not even the lowest it’s been this year? Meh
Maybe reddit should not have banned users that have been on the platform for years, contributed heavily but got kicked out because they disagree with the current US regime. Spez sucks Trump’s mushroom.
Good. Fuck spez.
Finally some good AI news!
Fuck Reddit and Fuck Spez.
