posted in Technology
Reddit stock collapses 23% as AI eats away at user growth
cross-posted from: lemmy.world/post/50164893
finance.yahoo.com/technology/ai/articles/reddit-stock-collapses-23-ai-200638599.html
Yahoo FinanceReddit Stock Collapses 23% as AI Eats Away at User GrowthReddit delivered strong earnings, but the numbers beneath the surface tell a different story. Slowing logged-in user growth and AI-powered search could threaten the platform's long-term value.Replying to @FoxtrotDeltaTango@sh.itjust.works
Ironically, their stock is dropping because they started treating their users badly in order to improve stocks.
Replying to @iceberg314@slrpnk.net
They also succumbed to pressure from DOGE Musk right after the Inauguration, to permaban millions of active users, like me. I had a 12 year account, and a million karma. I’d been active since before anyone heard of Reddit. People like me built that site, and then we were kicked out because we were critical of MAGA.
Kicking out all your best customers, and keeping all the bots, spammers, foreign propaganda farmers, etc. is probably not going to have the most positive business outcome.
Replying to @BarneyPiccolo@lemmy.today
Ditto, brother. Ditto.