• @Xanthobilly@lemmy.world
    link
    fedilink
    1222 months ago

    Reddit has benefited from Google search updates and internal site improvements that have helped it gain a significant amount of new and returning users, which the social company refers to as logged-out users, over the past year and a half. Reddit has said it is working to convince logged-out users to create accounts as logged-in users, which are more lucrative for its business.

    Expect to see more login paywall bullshit from Reddit.

  • Rentlar
    link
    fedilink
    602 months ago

    In other news, Lemmy stock mooned infinity% from 0.00 to 0.00 plus beans.

  • @surph_ninja@lemmy.world
    link
    fedilink
    58
    edit-2
    2 months ago

    No, user numbers are not down because of a Google change. User numbers are down because they went ban crazy during the election and Luigi stuff.

    If you ban people who produce your content, your site quality & engagement declines. It’s not rocket science.

    Btw, they’re definitely reversing some of these bans to try to pull people back, and inflate the number of “returning” users. They permabanned two of my accounts for wrongthink during the election, and they’ve already reversed one with no prompting from me at all, after denying appeals months ago.

    • @flop_leash_973@lemmy.world
      link
      fedilink
      11
      edit-2
      2 months ago

      I got an account strike the other day and a post removed “by Reddit” according to the message for saying something to the effect of “protests without a threat of violence behind it doesn’t mean much to those in power these days” on a thread about some ongoing protests.

      Something about a site rule violation for advocating for and/or calling for violence.

      • @surph_ninja@lemmy.world
        link
        fedilink
        12 months ago

        My accounts were permabanned because Trump said Liz Cheney deserved to be shot, and I said I didn’t care because she’s called for the deaths of millions of people overseas. Banned for “advocating violence,” simply because I didn’t clutch my pearls that a warmonger was threatened.

      • @finitebanjo@lemmy.world
        link
        fedilink
        0
        edit-2
        2 months ago

        I think threats of violence actively detract from the value of protests, its kind of achieving the opposite of its goal when you promote yourself as the enemy of the people you’re asking to change.

        That’s why Fox News displays every protest as a riot, to lessen their effectiveness and to mobilize opposition.

        • @Wes4Humanity@lemm.ee
          link
          fedilink
          02 months ago

          You’re probably right, must be time to be done with mere “protests”… How do threats of violence affect revolutions?

          Hopefully soon we’re done asking the enemies of the people to play nice

          • @finitebanjo@lemmy.world
            link
            fedilink
            02 months ago

            You should take a gander at how revolutions affect governments.

            (90% chance everything gets worse for at least a century)

    • @IceColdFury@lemmy.world
      link
      fedilink
      English
      22 months ago

      A lot of that shit in the media right now. Story today on NPR about how car sales slumped in January and they blamed it on the weather, and while the weather might be a component of a slump i think theirs a lot of people out there nervous about the economy and taking a wait and see attitude, and that contributed more to slumping car sales than the weather.

      • @surph_ninja@lemmy.world
        link
        fedilink
        -12 months ago

        NPR has always been capitalist propaganda. They’re happy to be a mouth piece for empire propaganda, including gaslighting people into ignoring their own economic struggles.

    • @starman2112@sh.itjust.works
      link
      fedilink
      2
      edit-2
      2 months ago

      At this point, I check every comment I leave on the platform in an incognito window. A good half of them get shadowremoved for no reason. How do they not get that new users are going to leave if nobody reads, votes on, or replies to their comments?

      I’ve had like 5 comments shadowremoved from the conservative subreddit because I guess the large oceanographic feature south of the United States gets caught in their word filter, and they hate the Constitution

      • @surph_ninja@lemmy.world
        link
        fedilink
        02 months ago

        That’s the thing about corporate America. As soon as you go public, the only thing that matters is the next quarter. The long term health of the company isn’t even on the radar.

        They don’t care if people eventually leave, so long as they stick around long enough to attract advertisers for this quarter.

    • @Ledericas@lemm.ee
      link
      fedilink
      English
      2
      edit-2
      2 months ago

      they are still ban crazy since last week. i and many people had several accs sitewide banned

      • @surph_ninja@lemmy.world
        link
        fedilink
        -12 months ago

        Yeah, my alt account was re-banned after I posted this comment. I guess they unbanned a bunch before the earnings call to boost their numbers? Dunno.

        • @Ledericas@lemm.ee
          link
          fedilink
          English
          22 months ago

          seems like they are on the verge of selling reddit off, since they have been banning since NOV, in large waves(3 according to some people). i was in a forum where the people that use of had 10-50+ all gone at once.

          • @yunxiaoli@sh.itjust.works
            link
            fedilink
            English
            12 months ago

            I simply pointed out that siding with the most evil industry on earth, and a rightfully killed CEO who himself killed tens of thousands of people directly due to his actions placed you squarely on the side of corporate bots, cryptobros, billionaires, and people who think they’re capitalists but really just worship them.

            Some of that is maga, most of that is worse.

      • @surph_ninja@lemmy.world
        link
        fedilink
        -22 months ago

        You clearly are not one of the millions of people who have suffered at the hands of this industry, or watched a relative battle insurance goons as they decay.

        • @finitebanjo@lemmy.world
          link
          fedilink
          02 months ago

          Oh I’m completely 100% against for profit healthcare coverage, I think it should be socialized immediately, but where I differ from Luigi Cultists is I realize the path to get there is legislative in nature. Luigi threw his life and his rich boy education away to accomplish absolutely nothing.

          • @surph_ninja@lemmy.world
            link
            fedilink
            -22 months ago

            It is absolutely wild to see neoliberals cling so fiercely to the belief that all of this can all be resolved through enough dedication to process & procedure. To see this dedication endure, even as they watch a fascist coup unfold in front of their eyes.

            It really seems like a mental illness at this point.

  • ArchRecord
    link
    fedilink
    English
    562 months ago

    Reddit has said it is working to convince logged-out users to create accounts as logged-in users, which are more lucrative for its business.

    By “convince,” they mean:

    • Popup to automatically sign in with Google
    • A button right under where you close that popup that shows a QR code to install the app
    • Bottom bar on mobile telling you to make an account
    • Clicking an upvote or downvote button instantly sending you to the account signup page, even if clicked by accident
    • Full-screen popup only on mobile to download the app if you’re accessing anything NSFW (includes posts that simply have too much vulgar language, and are considered “NSFW” in that community, as well as any account page for an account that has ever made an NSFW post)

    Yes, very convincing, heavily coercive even!

    • @Tower@lemm.ee
      link
      fedilink
      172 months ago

      I love when I’m troubleshooting something, click on a record link from like 2018, and get a modal encouraging me to “join this trending conversation!”

      • ArchRecord
        link
        fedilink
        English
        22 months ago

        Yep, that’s what I have to use any time I need to look at a Reddit thread. Although the “fuck spez” comments that people replaced their old comments with definitely make the experience worse… as intended. Good for them.

    • @dontbelasagne@lemmy.world
      link
      fedilink
      22 months ago

      So glad I got banned from that site (Not for anything wrong, I just pissed off the wrong power hungry mods which resulted in a site wide ban.)

  • ALoafOfBread
    link
    fedilink
    272 months ago

    It’s almost like communication platforms shouldn’t have profitability as their main goal… maybe they could be… distributed… like some sort of… federation. Yeah. That’s it. Then everyone would follow along like… lemmings or something

    • @cm0002@lemmy.world
      link
      fedilink
      8
      edit-2
      2 months ago

      Dollar General‽ Please. Don’t insult DG like that, dude looks no better than Dollar Tree grade

      (For non-Americans, Dollar General is a “discount” store chain, largely found in “food deserts”. Dollar Tree is a bonafide dollar store where everything (was anyways) just a dollar. Yes, the quality is about as crap as you’d expect (though sometimes they did sell good stuff if they were able to acquire it cheap enough))

  • @DogPeePoo@lemm.ee
    link
    fedilink
    192 months ago

    The stock’s valuation makes no sense at all. A market cap of 38 billion on no revenue and declining growth?

    Get fucked, Spez.

    • Billiam
      link
      fedilink
      112 months ago

      Oh boy, wait til you see Tesla!

      As the saying goes, “The market can remain irrational longer than you can remain solvent.”

  • @wise_pancake@lemmy.ca
    link
    fedilink
    122 months ago

    It’s only like a month of stock increases, they’re still up 300% since IPO.

    I’m not logging in out creating an account, I deleted my hobby account a few months ago and I do not miss participating in Reddit.

  • @shalafi@lemmy.world
    link
    fedilink
    English
    62 months ago

    Reddit’s sales jumped 71% in the quarter from $250 million a year earlier, the fastest growth rate for any quarter since 2022.

    The company said first-quarter sales will be between $360 million and $370 million, ahead of the average analyst estimate of $358 million.

    Net income almost quadrupled to $71 million, or 36 cents a share, from $18.5 million, or breakeven on a per-share basis, a year earlier. Reddit reported adjusted earnings of $154 million in the fourth quarter, topping analysts’ expectations of $128 million.

    Reddit went public in march at $34 a share and has since seen its stock jump more than sixfold to $216.47 as of Wednesday’s close. The shares were up 32% this year prior to the after-hours selloff.

    Sounds like I should have gone all-in on reddit stock. (If I had had money.)

    Lemmy: HA! Reddit’s DYING!

    Fuck me, the site is poisonous with bots and manipulation, but I’m not going to act like it’s failing. Same exact deal with Facebook. If I find a promising link to those sites, I’ll have a look. Otherwise, don’t participate.

    • @protist@mander.xyz
      link
      fedilink
      English
      92 months ago

      When we say dying, we mean dying as a useful and usable platform for us, the former reddit userbase. The Reddit Corporation is a different thing.

      • @supersquirrel@sopuli.xyz
        link
        fedilink
        62 months ago

        We also mean dying as a place where you can meet and have interesting conversations that even when heated invite you into learning and thinking differently.

        Lack of limitless quantity of voices does little inherently to degrade the quality of conversation, though of lack of diversity certainly does.

        I have met singular people on the fediverse that I have learned more from and that contain more powerful words than entire swaths of corporate social media. It isn’t because normies suck it is that there is no oxygen in the room in those places like there is here and it leads a culture of constant self betrayal, and a feeling of ever present glare.