this post was submitted on 31 Mar 2025
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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.

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[–] barneypiccolo@lemm.ee 32 points 5 days ago* (last edited 5 days ago) (1 children)

After the Inauguration, they had a bloodbath in February, permabanning many long-term, high karma accounts like mine (12yrs, 900K+).

These were the members who built Reddit into what it was, and after over a decade of high volume posting without getting banned, suddenly all of us made comments that earned permanent bans in the same month. Yeah, that's plausible.

Now that they've ejected many if the members that made Reddit a lively place to debate, they're stuck with novelty accounts, puns, bots, Russian Karma Farmers, shitposters, trolls, and general bullshit. I just went over to read some subs I love, and literally the first post I read was complaining about how long they had to scroll to get past the stupid puns to get to the real discussion.

Its been getting increasingly bad for a long time, but apparently it's gotten far worse lately, now that they decided to get rid of the red meat and go vegan.

I like Lemmy, but they don't have anything close to the active guitar forums that Reddit had.

[–] El_Azulito@lemmy.world 12 points 5 days ago

Can confirm—I was a member since 2010. Got banned for logically going after MAGATs. Apparently, that’s not allowed anymore. What’s happening to this country—that people don’t even seem to have the cognitive capacity or basic mental equipment to recognize the freedoms being stripped from them in real time—is beyond disillusioning. It’s disappointing, devastating, and honestly hard to watch. And seeing younger generations, raised on flashing lights and internet brainrot, now stepping into adulthood? Oof.

[–] Ironfist79@lemmy.world 33 points 5 days ago (2 children)
[–] ameancow@lemmy.world 14 points 5 days ago (1 children)
[–] Ironfist79@lemmy.world 9 points 5 days ago (1 children)

I got banned and figured it was a good time to kick the habit any way.

[–] ameancow@lemmy.world 3 points 5 days ago

It's much healthier without constantly seeing some bad-faith, AI-crafted post that tries to get under your skin, prying open your values and baiting your outrage so you can think you're actually achieving anything of value by biting the bait and trying to correct morons who aren't even real humans.

I do not miss the site.

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[–] El_Azulito@lemmy.world 20 points 5 days ago (6 children)

I still have no idea why I got permanently banned. The interestingasfuck subreddit said I had multiple violations across accounts—something vague about participating in the Trump subreddit. Apparently, if you so much as post in that subreddit—whether you’re agreeing with them or talking shit to the MAGAts—then go back to interestingasfuck or any other sub with the same rules, they’ll permaban your account. And not just that one—they’ll ban any new accounts you try to make too. So honestly… I guess I DO know why I was banned, but compared to the vitriol I’ve seen on there, mine was not warranted. I’ve even appealed. Fucking hate Reddit now. Cowards.

[–] Necroscope0@lemm.ee 9 points 5 days ago (1 children)

Apparently all you have to do to get banned from Reddit these days is to hope Musk's penis implant explodes and burns him to death from the dick up. Worked for me!

[–] TangledHyphae@lemmy.world 6 points 5 days ago (1 children)

Yep, someone in another sub once said "I hope your plant dies" and their whole account was permbanned for "inciting violence". Against a plant. Hysterical. That site is cooked.

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[–] ByteOnBikes@slrpnk.net 9 points 5 days ago (1 children)

You were banned because you were obviously a person.

Have you seen the comments lately? Most of it looks like AI bots are replying to AI, upvoted by other AI bots.

[–] TangledHyphae@lemmy.world 4 points 5 days ago

You got me really curious so I prompted ChatGPT to give me a redditor style comment that's anti-Trump followed by another far-left redditor's reply to it and this is what it gave me:

Original Comment (Left-Leaning Anti-Trump Perspective):

"It's honestly mind-blowing how Trump still has a cult following after everything. The man was impeached twice, incited an insurrection, and openly grifts his supporters with fake fundraising schemes. And yet, somehow, people still think he's their 'savior.' The cognitive dissonance is off the charts."

Far-Left Redditor Response:

"Because the system is fundamentally broken. Liberals act like voting blue is enough when the entire establishment—from corporate Dems to the GOP—is complicit in maintaining capitalism's stranglehold. Trump is just a symptom of the rot. The real solution isn’t 'vote harder'; it’s dismantling the system that enabled him in the first place."

^ -- this seems to be disturbingly accurate, I can only imagine this being produced at automated scale at this point.

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[–] Fingolfinz@lemmy.world 48 points 6 days ago (3 children)

Spez can suck a taint. I was on there forever and immediately bounced once that bullshit banning stuff started happening. Should have left sooner but that was the final straw

[–] barneypiccolo@lemm.ee 15 points 5 days ago

Who could have foreseen that banning all the highly active, long-term accounts in the same month would have a negative effect? Now they can live with all their bots, puns, Russian Karma Farmers, novelty accounts, and trolls.

[–] Ledericas@lemm.ee 9 points 6 days ago (1 children)

He was pretty much on musks taint

[–] Fingolfinz@lemmy.world 12 points 5 days ago

For real, they probably go bang kids together

[–] ceph@lemmy.world 9 points 6 days ago (1 children)

Yeah, same here. It took a few things over time to ultimately get me to leave, but my finding out many of my comments were being shadow-removed was it.

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[–] ShittDickk@lemmy.world 38 points 6 days ago (4 children)

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

[–] Goblino@lemmy.studio 9 points 6 days ago (2 children)

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.

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[–] Ledericas@lemm.ee 13 points 6 days ago* (last edited 6 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.org 12 points 6 days ago (2 children)

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

[–] Ledericas@lemm.ee 12 points 6 days ago (1 children)

Half of reddit comments are all bots , and many posts are AI generated

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[–] SuiXi3D@fedia.io 51 points 6 days ago (1 children)
[–] werefreeatlast@lemmy.world 25 points 6 days ago

Look, we can all laugh at that guy. That's it, that's the end of my comment.

[–] grrgyle@slrpnk.net 41 points 6 days ago (1 children)

Their only utility now is in five year old comment threads discussing niche topics, and that can only stay relevant so long.

[–] JustTesting@lemmy.hogru.ch 13 points 6 days ago (6 children)

Though half the time it's

deleted

thanks that really solved my problem, you're amazing!

I still have mixed feelings about deleting one's whole comment history, though i also did that when I left reddit. it's the right thing to do, but the amount of information lost because of greedy leadership is super sad.

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[–] mrgoosmoos@lemmy.ca 38 points 6 days ago (1 children)

lol. It's only going to get worse. The site used to be the top place to look something up, now it's just going to be full of deleted answers and disappointment.

[–] NarrativeBear@lemmy.world 15 points 6 days ago (3 children)

Its already increasing hard to find relevant posts when doing a Google search with reddit in search. Most posts are from 2 years ago with low upvotes for niche topics.

This does make me happy

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[–] x3x3@lemm.ee 11 points 5 days ago

Good riddance

[–] selokichtli@lemmy.ml 31 points 6 days ago

/r/wholesomenews

[–] Fedizen@lemmy.world 33 points 6 days ago
[–] Lucky_777@lemmy.world 27 points 6 days ago (1 children)

Found a picture of avg Lemmy user blasting their Reddit accounts away.

[–] SnowzSan@lemm.ee 23 points 6 days ago (2 children)

Exactly why I'm here.

All the American rhetoric that gets shared about how theie government is becoming facist but any call to action or talk of action is instantly bannable.

Fuck Reddit.

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[–] Mrkawfee@lemmy.world 8 points 5 days ago

Good, fuck Reddit

[–] pyre@lemmy.world 14 points 6 days ago
[–] satans_methpipe@lemmy.world 22 points 6 days ago (1 children)
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[–] Skellysgirl@lemm.ee 16 points 6 days ago (5 children)

Been and deleted every post and comment manually. Do I need to do anything else?

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[–] drascus@sh.itjust.works 18 points 6 days ago

I hope people keep buying and that it keeps losing money. I hope all these assholes investing in it lose a shit ton of money.

[–] SirFasy@lemmy.world 4 points 5 days ago (1 children)

Good, Reddit treats its users like preschoolers. If you say something even slightly against their rules, they ban you.

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