- cross-posted to:
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- cross-posted to:
- [email protected]
Summary
Reddit shares have dropped 50% from their February peak, when the stock had soared over 500% from its $34 IPO price last March.
Much of the early enthusiasm came from AI-related deals allowing Reddit’s content to be used for training models, but recent doubts about long-term growth in the AI sector have dimmed that optimism.
Analysts remain skeptical and some call the stock “super overvalued,” noting Reddit still is not making any money.
Market uncertainty and early investor sell-offs continue to weigh on Reddit and the broader tech sector.
Same. I also did that. Mass edits + delete. I wish there was a way we could collectively move all that history to a non-commercial platform.
Also same. I backed up all my user data for sentimental reasons, but that’s hardly enough to be of any utility on its own.
I really did feel like I was participating in a community, and was doing something positive with all my posting. I was just treating reddit like any other forum from my youth, not really thinking how ofc it would become commodified and enshittified.
I feel like such a fucking idiot sucker. Over a decade putting in time outside work, lunch breaks, toilet breaks, morning, evening, just contributing to an IPO package.
don’t feel bad; you were contributing to a community. all the people that updooted your posts were grateful for the advice, laughter, kindness, or insight you gave.
it’s just over now, and we need to build new communities again. nothing lasts forever.