The gloomy sentiment around Reddit Inc. has failed to dissipate after its shares fell 50% from a February high, with volatile technology stocks under pressure.
The gloomy sentiment around Reddit Inc. has failed to dissipate after its shares fell 50% from a February high, with volatile technology stocks under pressure.
The value of Reddit is the content which it is able to create. If users aren’t free to create content, there is not value.
remember the first purges in 16-17’ when trump was in power, GOP started complaining about online spaces hosting these “violent, illegal” activities, and subs got banned asap. now again, musk is complaining about the same thing.
It certainly was what people drove there. That doesn’t make money. The only value that counts for the bottom line is the data ultimately for marketing purposes. And the reach and trust that makes it great to sell shit.
It’ll also be a great propaganda vehicle. Which might be worth even more in the current climate.
Anyways Reddit is dead. It ran far longer than many thought. But I think the cadaver won’t stay fresh long enough to be eaten.
I think many of the tech giants are becoming scared. Because it might be a bit of hassle to just use another platform ultimately it’s fucking easy to migrate and the when the momentum is there it can go pretty fast. No one really needs Amazon or Facebook or Reddit. And people really are pissed off. Fuck them. All these valuations for tech are just ludicrous when in the end the main driver is selling people shit more effectively.
forums are still alive and kicking, to certain niches though, not an "news/politics aggregate site like reddit. FB has enshittified itself when they went soely distributing russian propaganda intentionally, also require much more aggressive Data mining to sign up for the service, similar tow hat Glassdoor has become for job hunters.