Reddit’s 50% Plunge Fails to Entice Dip Buyers as Growth Slows
finance.yahoo.com
(Bloomberg) -- 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. Most Read from BloombergGold-Rush Fever Returns to Historic New Zealand Mining TownWhat Frank Lloyd Wright Learned From the DesertBank Regulators Fight for Desks as OCC Returns to New York TowerThese US Bridges Face High Risk of Catastrophic Ship StrikesCharter Schools, Colleges Push Muni Debt Distress Near RecordThe social

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.

  • kitnaht@lemmy.worldEnglish
    14·
    3 days ago

    Digg is excited about “AI” moderation. So, they’re gonna be going the route of banning users for wrongthink just as Reddit did. I don’t think it’s going to be that popular.

    • FourWaveforms@lemm.eeEnglish
      3·
      3 days ago

      I watched the video on the Digg.com front page and it was a bunch of very rich dudes sitting on a couch, with the same energy and words of other very rich dudes. I don’t think it will be better. They just don’t live in the same world.

    • quack@lemmy.zipEnglish
      1·
      3 days ago

      Normally platforms are around for a while before enshittification kicks in, I see that Digg are cutting straight to the chase before the site even launches.

      I probably will check the new Digg out, but I’ve come to the conclusion that all corporate-run social media platforms will go down the road of fucking over their users in the name of profit eventually. I’m not willing to move to another one and build up connections and communities just for some rich fuck to destroy it on a whim. I’m far more interested in helping to build and grow federated platforms like Lemmy so that there is a true alternative outside of their sphere of influence entirely.