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.
I mean why buy shares of reddit? What is it doing? It’s alienating users.
Literally every single change reddit has done in the past few years has angered the user base, and the bot accounts increase day by day. Go to any niche subreddit, like one for a movie series, show, video game, etc. You will see a ton of “what’s your opinion of X or Y?” And it’s always such a weird choice of words, and it’s clearly just a bot farming engagement to inflate numbers to shareholders.
I still use reddit, but I never post or comment. I strictly do that on one of my Lemmy accounts. And every few months, something will happen to make the experience worse. Like now, the frontpage “hot” sorting is broken. Just a bunch of zero up vote posts on weird subreddits I forgot I was subscribed to. Now I can’t really get the news like I used to on reddit. It’s broken, and there is tall that it’s a result of Elon meeting with spez to talk about moderating the surge of Elon/Teslur hate.
Fuck reddit, more niche communities need to come over here, because I’m so tired of having to go through reddit to fine things I’m interested in.
It was going downhill since they got rid of the woman who was running AMA
Yeah remember that being an inflection point where I stopped being excited about updates and started dreading them.
Yeah why is the question never “how can we make peoples lives better?” its always “?whats the profit margin”
lmao, they tried to suspend my account for “harassing” a scam post.
I got in trouble for “report abuse” as I reported every post for sexualizing minors in a sub dedicated to a certain musician/OnlyFans model “in their prime” aka before they were 18.
ಠ_ಠ gross
Yes this was worse in my mind than getting the sane for reporting a sub that sold CSAM because at least that involved research and critical thinking (why would a post be a scan of a print photograph taken with an analogue camera of a handwritten list of porn mags? answer: they were all legally produced at the time CSAM)
They 7-day banned me for ‘encouraging violence’ for saying I didn’t think Mangione deserved to go to jail for what he did. I appealed it and it was lifted, but not before it was upgraded to a permanent ban for ban-evasion on other accounts (I’ve never had more than one account in my 14 years of reddit.) The perma-ban was lifted on appeal too, but by that point I was just like fuuuuck off.
Same thing happened to me. I told a guy to fuck off and got banned for not being nice. I appealed, but before that process completed, they permanbanned my 14 year account. I like that on Lemmy I can say normally uncontroversial things like “Nazi scum fuck off”.
Indeed, Nazi scum can fuck off.
I appealed it and it was lifted, but not before it was upgraded to a permanent ban for ban-evasion on other accounts (I’ve never had more than one account in my 14 years of reddit.)
Reddit has a feature where there helpfully link your account to stranger’s accounts. When the stranger is banned from any sub, you are too. But you don’t know you are banned from those subs. So when you innocently post, you get perma-banned.
i’ve had various accounts over the years and never gotten hit for “ban evasion”. that being said that suspension was my last straw and i deleted my account.
I heard they did that a bunch of other users too, temp ban, resulted in perma ban of other accounts as soon as the temp ban was lifted.
Suggit
Gee, that’s too bad. It would be a real shame if that piece of human garbage Steve Huffman lost everything. A crying shame.
Ewww
Lets keep this about Rampart.
Heve Stuffman
Sadly I’m sure he already has a golden parachute prepared.
He’ll cry his way to a trophy home and yacht
They all cashed out after the IPO. They’re probably laughing at the bag holders right now.
i remember spez and his c-suites dumped the stock a while ago.
There may still be lawsuits, however. There are still many ways that he could lose a lot of what he gained.
🤞
I think you mean presidential pardons
Would he not have already sold most when they went public?
Greedy pigboy flew too close to the sun.
I too want to board the schadenfreude train. Choo choo. Fuck u/spez
I can’t even think of a time in history where someone was a huge piece of shit in America and “lost everything.” Maybe R Kelley, P Diddy, and Bill Cosby? But only for the time they spent in whatever rich guy jail they got to go to and then they were fine.
There is also something about those 3 people I can’t put my finger on….
lol that was my immediate thought too. But I didn’t want to bring it up because even with the racist implications those guys all definitely suck and should be in prison.
Elizabeth Holmes comes to mind. She manoeuvred herself into a position of wealth and power by defrauding other rich people and got herself 11 years in prison for it. That’s 11 years more than most other rich scumbags get.
The worst of all this is that from the top of our heads we came up with a woman and three black dudes. Other than Madoff I don’t remember any white dude getting any deserved retribution other than the recent United Healthcare CEO.
And that just goes to show:
The only time rich people are held accountable in the US, is when they fuck with other rich people’s money.
But after that 11 years didn’t she come out of prison still rich?
She went into prison in 2023 so she will be there for a while yet.
I don’t think her wealth is known exactly but she and her company lost billions during the scandal.
She married a hotel heir, she’s still doing fine.
She was also just on the cover of People or some other such supermarket cash register rag.
I mean she stole from rich people so I hope she’s doing good
The most bizarre part of the Theranos scandal is that any medical lab tech/scientist could have told you, right from the initial pitch, the entire thing was a massive scam. There was literally no reason to ever think this technology was feasible and a mountain of reasons it wasn’t.
Tech execs have absolutely massive egos.
Elizabeth Holmes only got in trouble for lying to people who should’ve done their “due diligence”
The patients / families of the patients that Theranos lied to and mislead never got justice.
i read an article when the theranos sht has been going down, around 2016, look how long it took to charge her. a patient hormone level was higher than normal indicating some form of malignancy, she took chemo only to find out she dint have any. and another indicating her bizarre behaviours too.
her pitch was single droplet of blood to diagnosis diseases.
Madoff died in a jail cell, that’s gotta count for something.
I shit, I didn’t know Madoff died
Yeah that’s cool and good. Same with Epstein.
Except he didn’t live long enough to rat anyone out. That’s the only downside to that story.
ghislaine is still alive, she isnt talking though.
He was 100000% assassinated
I don’t know if Sam Bankman-Fried is a huge piece of shit. He’s definitely a liar and a scammer though. But he was like rich as anything and then lost it all. Now he’s trying to curry favour with Trump to get out of jail.
If anyone is trying to gain favor from trump that’s enough to tell me about their character.
Also, yes sbf is a huge piece of shit.
He will exit filthy rich way before that. That’s the point.
at this point Elon should buy it too, drive it to ground like Twitter.
I don’t like that solution because that means Huffman walks away with a golden payday instead of losing it all.
Maybe he’ll get bored with retirement, have a mid-no-life crisis and the resulting breakdown will generate some interesting news stories.
Huffman needs exactly 0 help to run reddit into the ground. He’s been doin’ it for years.
It’s actually kinda nice that he’s not going full nose-dive straight into the ground. Getting a steady stream of users is better for Lemmy’s culture, than a full exodus event, imo. It gives us a chance to not be reddit, but something better.
This would actually be a great outcome.
While most people would likely move to Digg v2.0 (I am just being realistic), this will help fuel growth in the threadiverse. And at any rate, the major instances would simply not be able to handle 1 million MAUs immediately moving to Lemmy.
It could also just turn it into another nazi mouthpiece, and make getting information out to people even worse than it is now.
I will speculate this is going to happen anyway, sooner or later.
While I am not American, I have lived in the the US and have many close friends there. From my understanding, American oligarchs have gone full in on a proto-fascist state (US is not yet fascist in the formal definition of the term, things can and likely will get worse). This includes Hoffman and not only.
they saw trump as thier last grift, before things change. i mentioned on reddit subs, that the gops last grasp for power was trump(during his 1st term), and they will do whatever it takes to maintain it for another 5-10years, before people get sick of them. even thier voters, they can fool stupid people forever, since you would get tire of repitive messaging down the line.
US is not yet fascist in the formal definition of the term, thing can and likely will get worse.
Yes it is. We are already at the dictatorial stage in practice with the legislature and SCOTUS complying voluntarily by not enacting checks and balances. Everything else, like the nationalism, demonizing groups, and the rest are in full swing. Don’t need death camps to be fascist, although we are well on our way down that road.
What criteria isn’t being met yet in your opinion?
It pains me to see the US go down this path. I am well aware of how bad things are going in the US (I have close friends who live there). I agree with you regarding nationalism, street arrests by security, demonization of minorities and so on.
However, I am comparing my experience living in russia (as an expat who happens to speak russian fluently), my experience living in the US under Obama and US as it is today.
US still has competitive elections. The US centre right opposition is not a formal front for the regime. Compare that to russia were elections are a formality and the so called “opposition parties” get direct orders from the regime and exist as circus performers. US isn’t at that stage yet.
Same with the US judicial system. It is definitely corrupt (and this was true even before Trump) and it is getting even more corrupt. However, the US judicial system has some level of independence and at least on some level you can have your rights be respected. Again, compare that to russia were the judicial system as such does not exist and has no authority whatsoever.
Security services in the US are increasingly becoming unhinged and acting more like crooks, but it’s no where close to russia where they have zero liability beyond not respecting key regime interests.
US still has a measure of political de-centralization. You can elect mayors and governors and they have a measure of independence. While russian does have some regional independent power centres, they are still all aligned with the regime and its ideology.
I know, comparing your local political system to russia isn’t really a sane approach. But I do think it is important to note that the differences do exist.
Fascism and other authoritarian systems aren’t a measuring contest though. Just because somewhere else has been doing it longer or is more effectively doesn’t mean somewhere else isn’t doing or trying to do the same thing.
A benevolent dictatorship is still a dictatorship for example. While the Republicans have enacted widespread voter suppression that didn’t guarantee winning an election, that doesn’t mean they aren’t working on the steps to guarantee it in the next election. Fascism doesn’t require complete and total success to be fascism.
I completely agree. I don’t mean to imply it is a competition. As I said, being better than russia is not much of an achievement.
But I do think the correct term for the US as it is today is proto-fascist. It’s also important to not ignore the transition into full scale fascism.
I think the piece that has yet to be tested is elections. As of now, we still live under the pretense that we will have a fair election.
The case can be made that the voter suppression tactics from the far right are eliminating the possibility of a fair election. Or that Elon Musks involvement has led to fraud, or at least, massive corruption to our electoral system. But at the end of the day, we still have a collective idea that the fix for this is an election that will remove them from power.
When the midterms come, that will be the real test.
While most people would likely move to Digg v2.0 (I am just being realistic)
Are people actually going? The only thing I’ve heard about it (the AI-fueled reboot) is that it was planned.
It’ll be corporate owned and centralized, so I don’t care at all.
digg isn’t alive again yet afaik.
Anyone on reddit still saying they’re waiting for digg 2.0 is not serious about leaving.
Personally I am done with corporate controlled social media sites. Just need a replacement for Youtube now.
Meh. I joined Reddit in the original great Digg exodus, I’m not going back.
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.
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.
Where is the Garfield spez comic?
They’ve banned all of the good people that made up the site. I used to do Secret Santa. For 10 years! And I had mothers thank me for making their kids holidays. And they banned me. Because I made a death joke about how old McConnell was. Dude looks like death walking. Prove me wrong.
I was a good user. Dark humor isn’t hurting anyone. Reddit will die. Just like every other popular site.
Imagine investing in another company being led by Elon Musk these days.
Once a company becomes publicly traded it always gets worse. Once the shareholders are closer to the executive compensation packages than the customers/users it is all downhill. It is like clockwork.
Might take a year, might take 10, but the result is inevitable.
The same thing will happen to Apple and Costco eventually.
Pump and dump
Yeah this is one of the obvious faults in capitalism.
Good. As shitty as they’ve been and as hostile as they’ve become to their own users, I’d live little more than watching the entire damned things crash and burn. More (but still not very) likely though is them desperately selling off before it completely self destructs. Of course if they do sell it, whoever they sell to will likely either make things worse or just shutter it. Most likely they’ll stay the course and continue hemorrhaging usefulness and thus popularity.
Any way you read the cards Reddit is in a tailspin that they seem unwilling to do what is necessary to pull out of. Which is to say, they’re too stubbornly idiotic to reverse their stupid, stupid changes and make a more open, user friendly, and community friendly platform. And I don’t see Spez being that smart.
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Removing the messages option and instead replacing it with their stupid DM chat system, even for modmail
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Stating that later this year they’re going to introduce walled off paid sub-reddit
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That live stream nonsense they had a couple of years back
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Their A.I. answers integration
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Censoring users who mention ‘eat the rich’ and the name Luigi
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No longer allowing moderators of their own sub-reddit to change a sub’s status to NSFW (after the protests, obv), now requires admin to do this for them if the deem it appropriate
…who’d have guessed that these decisions were shit. Not the community who told them each time, again and again, right?
Fuck you, Reddit
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Seems like putting your efforts behind censoring and banning your user base while simultaneously trying to give a pass to a facist oligarchy is a bad idea. That’s the thing about oligarchy, it’s a small club and if you weren’t already in it, you’re not going to be any time soon. Facebook and Xitter don’t want to share the money from ads and adversarial state\private actors
Ha
Ha
HA.
*inhales*
HA!
HA
MySpace will make a comeback.
That’s what you get for supporting fascism. Fuck you spez.
Truly hope that worthless fuck meets his own Luigi
You have been banned from Lemmy for inciting violence
