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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.
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.
I can’t believe for as long as I’ve been on Reddit I never realized that point you just made. Good shit dude.
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.
I think it started bc Elon bitched about the white people twitter sub was inciting violence and it shut down for a bit and now with saying Luigi
Might just be drop from a peak, but lets hope it keeps dropping.
General rule for posting stock prices: sometimes things are obvious when you zoom out a bit.
In this particular case, Reddit stock price is still up several percentage points from the Trump rally that affected just about every tech stock after 2024-10-30 about. Same applies to other stocks like Tesla.
So at this point it's nothing more than a return to normal. No need to attribute anything more to it. But sure, if this descends keeps going for some time more, it'll be different.
Interesting! I didnt know that so many tech stocks were impacted on that date. Is there anything special about the start date of reddit's stock decline? Or was it simple a "straw that broke the camel's back" situation, where some insignificant thing started the downward trend?
Stocks overall took a downturn when investors finally realized Trump wasn't bluffing bout his tariff plans
I'm not experienced with stock markets, but is the concept of 'normal' really relevant, especially after a whole quarter? What factors would give it a tendency to return to the prior state?
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.
For me, it was the massive uptick in bans that proved the manipulation was real
Are you an Apollo exile?
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.
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.
Now what I under understand (not condone) is the reddit leadership trying to cash out.
What I cant understand is why a VC / big investor would want to touch it with a 10ft pole. There is nothing unique or proprietary on Reddit. Its value commercially is in the existing content and paid ads. With ads you’re limited because you can only saturate so much before you see user drop off.
Now they took it one step further and are censoring the content creators that make it all possible in the first place. As if anyone is stuck on that site - I know I’m not.
Anyway - nice to meet everyone. Fled digg for Reddit; now thankful this island appeared after fleeing once again.
Reddit has a huge user base, that is their value. They generate a lot of data every second, which can be sold. Of course this is technically possible on other platforms, but they do have it right now right here.
It's just FUD, diamond hands 💎🤝, to the moon 🚀 🌒, etc etc
/s just in case
Did Luigi save us from reddit? What can’t this man do?
When you start banning long-term users over bullshit. This happens. Hope it crashes and burns all the way to the ground.
I'd love for someone to buy as much Reddit stock as possible and make Reddit answer to any ridiculous demands.
Ah, yes. The theoretical good billionaire.
Yeah, that went great when Musk bought Twitter
A lot of overpriced stocks are pulling back. A recession is bad for ad dependent media.
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. For instance, the aforementioned greedy little pigboy sold $2m according to that article, but still holds more than $90m at current valuations.
Uhh guys I hate reddit too but the entire economy is tanking.
This isnt a reddit thing and has nothing to do with reddit itself
Compare to s&p 500, nyse, NASDAQ, etc.
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 all for shitting on Reddit, but the overall market has cratered in the past week or so. Everything is down a ton. This is just cherry picking situational graphs to push an anti reddit agenda. Again, fuck Reddit, but at least make an effort..
Yes, but 40% is insane. Thats not just the markets 1-2% blood red days
This may just be a general trend. I don't know if you looked at your portfolio recently but everything has tanked.
How the heck were they ever valued at $US200 per share?
Edit: (from ~$34. Market cap 6.4B initially, at $200US I estimate as ~36B, here shows a high of $38B)
Yep if they remove/ban us for gaslighting us in to policing our free speech we remove them!
Free speech for the parasitic class of exploiters censoring for the 99%, no war but class war. It’s not left verses right it’s top verses bottom.
Fuck pacifism especially during tyranny and oppression don’t obey in advance we have only gained rights through disruptive riots and other direct actions . Luigi #Luigi @Luigi
$134? Actually insane