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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.
man, reddit was fucking awesome when it was open source and they actually card about users. Spez has made his billions. He really doesn't give a fuck about reddit anymore. Just milk it for whatever is left.
It pains me, because I was on reddit since a year after it was founded, and i left when they blocked TPA. It was such a big part of my life for so long. And now it's just bots and AI. Fuck reddit, and fuck spez
Redit is Fun app was the best times. When they killed off third party apps it pushed me into a lurker, since I refused to use the official reddit app and didn't want to go to the effort of patching old third party apps to get them working.
RIF was epic. I believe the dev moved onto tildes.net after reddit screwed him over.