News
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
view the rest of the comments
Wow, reddit is actually up 164% since IPO. Did not expect that at all
If the GME/AMC story taught me anything, the price of a stock doesn't necessarily reflect the value of the company. It's just what people are willing to buy/sell the stock for.
I'm a bit surprised it's not higher.
Everything they've done is to increase their ~~profits~~ revenue. While some people may have left as a protest, the vast majority of people don't really care - see: twitter, facebook, instagram, tiktok. If anything, the "bad news" about people leaving was great advertising for them.
What I've observed over the past ten+ years, and still don't understand, is how anyone enjoys the platform at all. At one level, I get that it's just another social media platform that promotes headlines and memes. But the voting system and the engagement is revolting. I'm not going to say it's 80% bots but I will say that 80% of people using social media might be dumber than the bots.
I deleted my account in 2023. I have to admit that there are few if any reasonable alternatives for some of the subs existing there. The Fediverse really doesn't satisfy the need for people to get semi-expert opinions on things, for example.
Last I heard though they still weren't profitable, but that was awhile ago. Has that changed?
They have gone done in quality an incredible amount just to get profitable, I can't see them increasing in profit consistently....
Right. I had to edit my initial comment to replace 'profit' with 'revenue'. Profit is down for the year (increased losses) but revenue is up. It seems to me (not an expert) that they're investing more in their platform while it becomes even more popular. Their stock may very well skyrocket in the near future.
From the article:
And a quick search shows "Reddit’s daily active user count has grown by 47.27% since Q3 2023." And they've doubled their daily users in four years.
https://backlinko.com/reddit-users
And this should say a lot about a lot of thing today...
Only 7% of users opened the app every day. That's a huge opportunity for growth. And how do they drive growth? Presumably the same way other social platforms have - quicker content consumption that increases emotional engagement.
Profit stopped mattering a while ago.
Demonstrating "growth" is the only thing that's important. A promise of possible, potential future profit is valued more highly by investors than actual profit is. The stock market was never especially rational, but all remaining rationality vanished over the last ten years.
Yeah they finally turned a profit late last year