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.

Non-paywall link

  • El_Azulito@lemmy.world
    link
    fedilink
    arrow-up
    19
    arrow-down
    1
    ·
    1 day ago

    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
      link
      fedilink
      English
      arrow-up
      9
      ·
      1 day ago

      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
        link
        fedilink
        arrow-up
        6
        ·
        1 day ago

        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.

    • turnip@lemm.ee
      link
      fedilink
      English
      arrow-up
      5
      arrow-down
      1
      ·
      edit-2
      1 day ago

      Its a really weird place during elections, they’ve basically banned anyone with the opposing view on enough issues that its a full blown echo chamber. People then go crazy during elections trying to get their guy to win and the echo chamber grows exponentially.

    • Montreal_Metro@lemmy.ca
      link
      fedilink
      English
      arrow-up
      4
      ·
      1 day ago

      I don’t care about being banned and I never read replies or check my inbox because it’s the internet and I don’t care.

    • Rin@lemm.ee
      link
      fedilink
      arrow-up
      4
      ·
      1 day ago

      Same with offmychest. Banning people like that is also against reddit tos but reddit couldn’t give less of a shit.