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themachinestops@lemmy.dbzer0.com to Technology@lemmy.worldEnglish · 3 days ago

Reddit stock tumbles the most on record as lack of new AI deals, US daily users metric disappoints

finance.yahoo.com

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  • cross-posted to:
  • reddit@lemmy.world
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Reddit stock tumbles the most on record as lack of new AI deals, US daily users metric disappoints

finance.yahoo.com

themachinestops@lemmy.dbzer0.com to Technology@lemmy.worldEnglish · 3 days ago
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  • cross-posted to:
  • reddit@lemmy.world
Reddit shares plunged the most on record on Friday after US daily users, lack of new AI deal announcements dissapointed investors.
  • ccunning@lemmy.world
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    3 days ago

    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/spez

    Who could imagine when you piss off:

    1. third party devs who make the apps your best contributers use
    2. your unpaid content creators
    3. your unpaid moderators

    …that the “value” would leave 🤣

    • Remember_the_tooth@lemmy.world
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      3 days ago

      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.

      • kernelle@lemmy.dbzer0.com
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        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

        • Tollana1234567@lemmy.today
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          and now its filled with prop bots, bots/spammers(for thier own sitess) and AI reposting bots.

      • Leon@pawb.social
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        For me it was the way they treated the Apollo developer Christian Selig leading up to the whole API thing. Absolutely heinous.

        • Trebuchet@europe.pub
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          3 days ago

          Same. Although I’m reading this on Voyager, which has borrowed heavily from Apollo

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            Gonna tell my kids this app is Apollo and pour one out for those that didn’t make it.

      • TheStaffmaster@lemmy.world
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        3 days ago

        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.

        • cantstopthesignal@sh.itjust.works
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          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.

          • Tollana1234567@lemmy.today
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            3 days ago

            the comments were likely Ai generated bots too.

          • Remember_the_tooth@lemmy.world
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            2 days ago

            I never did like the “bullseye womprat” logic.

      • Bio bronk@lemmy.world
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        2 days ago

        I use sync for Lemmy and its elite. I can’t fathom using the piece of shit reddit app.

        • KuroiKaze@lemmy.world
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          Yeah it was my reddit client until the API then the dev pivoted to Lemmy and I just picked it right up again

      • morto@piefed.social
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        For me, I already disliked reddit and just needed to know that this place existed

      • Scotty_Trees@lemmy.world
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        2 days ago

        lemmy has been talking about this for like 3 years now. you people have nothing new to say 😅️

    • JensSpahnpasta@feddit.org
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      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.

      • Tollana1234567@lemmy.today
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        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.

      • isleepinahammock@lemmy.blahaj.zone
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        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.

    • Lost_My_Mind@lemmy.world
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      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.

      • forkDestroyer@infosec.pub
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        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?

      • Pacattack57@lemmy.world
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        George Clooney really is a smug bastard.

      • ccunning@lemmy.world
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        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.

      • TheStaffmaster@lemmy.world
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        OH NO! CAN’T CREATE A NEW ACCOUNT!!! ThAt’S bAn EvAsIoN!!! (autistic screeching ensues accompanied by excessive farting noises)

    • WizardOfFrobozz@lemmy.ca
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      2 days ago

      Firing Victoria was the beginning of the end.

      • Meatwagon@lemmy.dbzer0.com
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        It really was. Everyone was stunned when it happened. I hope she’s someplace good now.

    • jimmy90@lemmy.world
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      3 days ago

      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

    • Phoenixz@lemmy.ca
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      And continuously piss off 99.9% of your uses

    • mesa@piefed.social
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      I want that sticker!

      • comador @lemmy.world
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        https://lemmy.world/post/2508453

        • mesa@piefed.social
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          Thanks!!

          …wait its gone :( darn.

          • comador @lemmy.world
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            3 days ago

            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!

            • mesa@piefed.social
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              Its all good, its great it exists. You too!

      • TheStaffmaster@lemmy.world
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    • Absolute_Slayer@lemmy.world
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      2 days ago

      ( ͡° ͜ʖ ͡° )

    • sp3ctr4l@lemmy.dbzer0.com
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      Can we send him pizza?

      Beans, maybe?

      What a galatically stupid asshole.

    • M137@lemmy.today
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      Out of all instances to put on a sticker… that’s not a good choice. Fuck lemmy.world.

      • morto@piefed.social
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        what’s the problem with lemmy.world?

      • ccunning@lemmy.world
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        Why are you here?

        • Holytimes@sh.itjust.works
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          He’s not there, he’s clearly on a different instance. The hell you on about.

          • ccunning@lemmy.world
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            2 days ago

            !technology@lemmy.world

        • Geth@lemmy.dbzer0.com
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          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.

          • ccunning@lemmy.world
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            🤡

Technology@lemmy.world

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