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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)
this post was submitted on 31 Jul 2026
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Makes sense, Reddit feels like a shell of it's former self.
After the apicalypse many subs seems to have died, also the new UI that has been pushed for a decade or so, seems to promote consumption of content and discourage creation of content, further reducing new content.
Reddit has been many, many times by AI companies, why keep scanning if the content stays 98% the same, with most new content being of mostly lower quality, simply due to people posting AI shit.
This was a very predictable outcome.
As soon as Reddit's history got scanned by AI models, it lost 98% of it's future value.
Don't forget that you can't use VPN now, use the web version on mobile, and most accounts gets banned as soon as they are created by the automod.
Just within the last week or so old.reddit.com was effectively disabled and stopped working. (I think it might work if you log in, but i quit doing that 3 years ago). It was a nice resource and it’s said that it’s such a shell of what it was. Right when the internet is really needing human voices too
They are only doing one segment of users at a time and I'm guessing their metrics are telling them 90% of those users don't play ball and just stop visiting. I'm guessing they might go back on it in a bit.
Doubtful. It was inevitable that they would do that eventually.
Users using old.reddit are undoubtedly the least valuable users.
They wouldn't turn it off for everyone all at once in order to avoid creating a large number of upset users all at once.