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 🤣

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.

Well I was banned for saying there’s never a bad time to punch a nazi in the face in response to a screenshot of Indiana Jones doing just that. So good. Fuck reddit.

Reddit Drives away Their entire user base.

Reddit - "oh no what happened to my user base?"

Fuck off reddit

"I wonder what we did to drive away engagement."

It's fucking laughable "us daily users metric dissapoints". What the fuck do they expect when they ban their long time users permanently with no appeal process, make it so you can only view the site through the app censor any revolt and start bringing on nazis.

It's literally the antithesis of how and why reddit became so popular in the first place.

It’s all bots and influence ops over there anymore

If anything this shows how totally fucked equity markets are.

• Predicted $732MM revenue, reported $805MM (10% higher than projected)
• Expected 54MM DAU, got 53.2MM (1.5% lower than projected)
• Expected daily users growth of 130.07MM, actual growth 130.3MM (0.2% higher than projected)

So they're making way more money than expected, but they haven't sold out their users fast enough so dump the stock?

Why would AI want a continuous deal with Reddit? Don’t they get all the data they need the first time? I doubt the new content is worth as much as the previous deal… maybe I don’t understand what these deals are for.

Maybe reddit should not have banned users that have been on the platform for years, contributed heavily but got kicked out because they disagree with the current US regime. Spez sucks Trump's mushroom.

lol, ROFL even

Good. Fuck spez.

Finally some good AI news!

Fuck Reddit and Fuck Spez.

I would be OK with Spez experiencing irreversible severe anal prolapse.

reddit: bans all the users

also reddit: Oh no, where are all the users???

It is genuinely impressive how unusable Reddit has gotten in the last 6 months, especially. Login walls, no All, Best instead of Hot default sorting, constant popups to use the app (RIP RIF, you were the best), obvious AI posts everywhere. Really speedrunning the Digg experience.

Wait till google decides to de-rank them for being login-walled. All those search results they're using as leverage.

I love all those "deleted comment" that keeps growing on Reddit. Users are waking up and destroying any contribution to that site, making it ultimately useless.

Good. My wife and I both had our 13-year-old accounts permanently banned with no appeals process - all because we share an IP address and they decided without evidence that we were evading bans.

Fucking morons over there running reddit.

I did not know what Lemmy was a couple weeks ago. Reddit pushed me out. I don't want to be logged in or have an account with the way they harvest data. I got tired of weekly rotating ublock origin scripts and using incognito mode. You don't want me if I'm not a willing data whore? Fine, I'm gone! I am now actively trying to NOT even look at reddit when a random Google search sends me there!

Its probably going to drop a lot more now that they require sign in to view once public, indexed threads on google. It was a decent repository of knowledge while it lasted

Just a daily reminder that if you want something great, especially if it is made great by the contributions of hundreds of people, it can't be owned by a profit oriented business. If you don't want that great thing to be taken away and/or used against you, the ownership has to remain in the hands of the people.

Well yeah, everyone trained off the data there already. Reddit (or heck, any social media) is just the same old cyclical shit. The AI deals were not a sustainable long-term model, and I'm surprised no one at Reddit, or these companies selling their users data against their wishes, could see that. Like that was the shortest term cash flow they could've gone for, and now their reputation and trust is in shambles.