Reddit Stock Collapses 23% as AI Eats Away at User Growth
finance.yahoo.com
Reddit delivered strong earnings, but the numbers beneath the surface tell a different story. Slowing logged-in user growth and AI-powered search could threaten the platform's long-term value.
  • milka@lemmy.zipEnglish
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    5 days ago

    I got out of Reddit at the right time. It’s small bets but honest work.

  • DisasterTransport@startrek.websiteEnglish
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    6 days ago

    Every time I try to use reddit when it comes up in search results they slam the door in my face with pop ups demanding I install the app or log in. Can anyone even access enough content on reddit to convince them to join anymore?

    • CoriolisSTORM88@lemmy.worldEnglish
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      6 days ago

      I left after they banned Apollo and other apps, but it’s a mess when it shows up in my search results nowadays with the unstoppable app prompt on mobile. I’d I accidentally click a Reddit link while searching, it’s an automatic back for me. They treat their users terribly.

    • spock@lemmy.worldEnglish
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      6 days ago

      They also have no recovery if your 2FA app was on a phone that physically died. So I can’t log in anymore even if I wanted to. This means all my configuration and communities would have to be found and set up on another account.

  • iceberg314@slrpnk.netEnglish
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    6 days ago

    Ironically, their stock is dropping because they started treating their users badly in order to improve stocks.

    • BarneyPiccolo@lemmy.todayEnglish
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      6 days ago

      They also succumbed to pressure from DOGE Musk right after the Inauguration, to permaban millions of active users, like me. I had a 12 year account, and a million karma. I’d been active since before anyone heard of Reddit. People like me built that site, and then we were kicked out because we were critical of MAGA.

      Kicking out all your best customers, and keeping all the bots, spammers, foreign propaganda farmers, etc. is probably not going to have the most positive business outcome.

      • ParlimentOfDoom@piefed.zipEnglish
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        6 days ago

        Yup, I criticized musks Tesla bonus package and got banned from a sub. Appealed, got permabanned for “harassment of the mods”

      • Mrkawfee@lemmy.worldEnglish
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        6 days ago

        I got permabanned for saying Israel was using Nazi tactics.

        Bunch of Maga Israel worshippong data thieves. Fuck Reddit

      • partofthevoice@lemmy.zipEnglish
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        6 days ago

        I would periodically delete my account when I hit about 50,000 karma. That happened 5 or 6 times, so I’m like a spy with half your experience.

  • gnutrino@programming.devEnglish
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    7 days ago

    It’s a good start but the stock is still up >300% on the IPO price. It’s got a long way to fall yet.

  • Encrypt-Keeper@lemmy.worldEnglish
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    7 days ago

    One of the few things Reddit had going for it that anyone’s grandmother understood is that it was synonymous with organic user content (Even if that’s not entirely true). There’s a reason adding site:Reddit.com to Google searches was a meme, and it’s that you could get more organic feedback on things as opposed to the hellscape that was the open internet “listicles”.

    When Reddit closed itself off from the internet at large by forcing app usage, and embracing AI which just made their bot problem worse, it legitimately removed the one thing it was actually good for.