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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.
You also cannot view it without being logged in now. Which gets a groan from everyone in chat when a friend shares a Reddit link.
I have no clue why they decided chasing off users and being less useful was somehow going to help them. Particularly when they were the place to go for huge segments of the population.
You can still browse anonymously with red reader. Suggest getting it off f-Droid, but it's also on the play store. No iPhone version though.
Another reason to switch to Android/GrapheneOS.
Firefox (including the one on Android) has extension called libredirect which... redirects to those privacy oriented frontends for lurking.
I was heavily addicted to Reddit and I'm glad they allowed me gradually get off of it with the API (never installed their app) and now blocking read only access (which made me use libredirect).
Given that content quality is also degrading I never felt urge to to use the app, now I don't log in (using the lurking portals makes it more disruptive to leave a comment, I always log in using private tab) and I suspect I eventually will stop using even that (there's only few subreddits that I am still interested in).
j
Redlib is also an option with a few working instances. No need for an app for that.
redlib is self hostable. Its great if you're into that.