I'd love for someone to buy as much Reddit stock as possible and make Reddit answer to any ridiculous demands.
this post was submitted on 08 Mar 2025
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General rule for posting stock prices: sometimes things are obvious when you zoom out a bit.
In this particular case, Reddit stock price is still up several percentage points from the Trump rally that affected just about every tech stock after 2024-10-30 about. Same applies to other stocks like Tesla.
So at this point it's nothing more than a return to normal. No need to attribute anything more to it. But sure, if this descends keeps going for some time more, it'll be different.
Interesting! I didnt know that so many tech stocks were impacted on that date. Is there anything special about the start date of reddit's stock decline? Or was it simple a "straw that broke the camel's back" situation, where some insignificant thing started the downward trend?
Now what I under understand (not condone) is the reddit leadership trying to cash out.
What I cant understand is why a VC / big investor would want to touch it with a 10ft pole. There is nothing unique or proprietary on Reddit. Its value commercially is in the existing content and paid ads. With ads you’re limited because you can only saturate so much before you see user drop off.
Now they took it one step further and are censoring the content creators that make it all possible in the first place. As if anyone is stuck on that site - I know I’m not.
Anyway - nice to meet everyone. Fled digg for Reddit; now thankful this island appeared after fleeing once again.
Reddit has a huge user base, that is their value. They generate a lot of data every second, which can be sold. Of course this is technically possible on other platforms, but they do have it right now right here.
I get that, but long term investors need to be confident that the user base will stick after continuing to erode the platform.
That’s the part I have no confidence in. Will they make money for the short term? Absolutely, and a lot of people will get rich. But in 5-10 years?
I joined reddit ~15 years ago and there was already a very large, active userbase. It's not a young platform, and there have been multiple protests against them by their users, yet reddit is still very much alive. I don't think the confidence from investors is unfounded. Pissing off their users has kind of proven that there isn't a real competitor out there.
We're in the minority of users who have actually gotten fed up with them to the point of finding an alternative. Most people will complain but still stick around and stay active on reddit. They get new users daily who don't know reddit as anything other than what it is now. People generally don't care.
As is, I don't see them going out of business anytime soon. If they continue to make ridiculously idiotic business decisions they might, but that's on-brand for them at this point.
I can see it going either way.
I probably spoke to broadly and I agree with you 100%.
It is not something I foresee happening overnight. But a slow decay.
As censorship, commercialization and advanced bot traffic increase, the content quality will go down. Once it becomes a forced echo chamber (vs the organic it is now), it starts to look like Twitter post Elmo acquisition.
Now does Twitter still have users, paid subscribers and traffic? Absolutely. Does anyone want to buy their stock?
And I’ll repeat this until I’m blue in the face and user name - it’s an old website forum - nothing unique from a technical standpoint. Anyone can start one who has the hosting ability. Their moat is the users. They have no ecosystem that locks you to their platform. The only thing lost from leaving is your reddit Schrute bucks and Stanley nickels.
Edit x5 because I can’t spell Schrute
A lot of overpriced stocks are pulling back. A recession is bad for ad dependent media.
Putting the red in reddit.
Unfortunately the it already left when I signed up here a couple of years back.
How the heck were they ever valued at $US200 per share?
Edit: (from ~$34. Market cap 6.4B initially, at $200US I estimate as ~36B, here shows a high of $38B)
Price of the share is irrelevant. Please reference market cap.
Edited to include more info, thank you for pointing it out. I'd known in my head the share price started in lower double digits without major changes in supply of shares, added it all for context.
the price is supposed to be based on future valuation
When you start banning long-term users over bullshit. This happens. Hope it crashes and burns all the way to the ground.
Uhh guys I hate reddit too but the entire economy is tanking.
This isnt a reddit thing and has nothing to do with reddit itself
Compare to s&p 500, nyse, NASDAQ, etc.
It's down all around but not 40% down
Not yet anyway
That’s why I’m here now.
Welcome!
Reddit is pretty useless for getting any kind of advanced information on any topic. The impression I had of the US election based on it was completely out of line with reality, so in that case it couldn't be trusted as an accurate source of information on current affairs.
People are addicted to it, but you'd have to be pretty sad to pay for it.
Blocking ads on it is a trivial matter. It never made any money.
The question is why did anyone think it would ever be worth much at all.
The impression I had of the US election based on it was completely out of line with reality
I've largely switched to Lemmy for the past two years, but this was really the last nail in the coffin for reddit for me too. It's an enforced echo-chamber and no longer a reliable source of information. It's hard to notice how bad things are when the politics are leaning in your direction, but once you see it, you can't unsee it, and it feels gross.
Lemmy is obviously pretty politically homogeneous too, but the difference is that I don't feel like someone is trying to trick me. Topics and and sources are clearly influenced by the individual posters' opinions, but it doesn't feel like there's a coordinated behind-the-scenes effort to push an agenda, which makes for a better vibe.
For me, it was the massive uptick in bans that proved the manipulation was real
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Reddit is pretty nice as a source of information, but mostly on smaller and more obscure things, not big political topics like US elections.. that's what the last year has taught me, at least.
Its value is equal to its usefulness as a propaganda organ. Twitter wasn't purchased to make money. A megaphone is more of a tool than an investment.
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Yep if they remove/ban us for gaslighting us in to policing our free speech we remove them!
Free speech for the parasitic class of exploiters censoring for the 99%, no war but class war. It’s not left verses right it’s top verses bottom.
Fuck pacifism especially during tyranny and oppression don’t obey in advance we have only gained rights through disruptive riots and other direct actions . Luigi #Luigi @Luigi
Did Luigi save us from reddit? What can’t this man do?
I'm all for shitting on Reddit, but the overall market has cratered in the past week or so. Everything is down a ton. This is just cherry picking situational graphs to push an anti reddit agenda. Again, fuck Reddit, but at least make an effort..
Yes, but 40% is insane. Thats not just the markets 1-2% blood red days
When there’s a sellout "meme" and tech stocks with a lot of hype are amplified, and Reddit is 100% that.
See: it’s still up 165% over a year. The gyrations are insane and not tethered to its actual value, but basically a bunch of gamblers.
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This particular decline was caused by a bunch of insiders, including one greedy pigboy, selling some of their shares.
That's not necessarily a sign of any problems at the company, though. These insiders are probably carrying this equity from before it ever went public and sell shares periodically as part of their (insane) compensation. For instance, the aforementioned greedy little pigboy sold $2m according to that article, but still holds more than $90m at current valuations.
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Pretty simple - same folks who bought Xitter and Trump are pulling their $ out until Reddit starts censoring shit they don't like. It's not a coincidence that "Luigi" became a banned word last week.
If you back out the view to 6+ mo. it matches the overall decline of the market in general. You could grab many stocks and ask the same question and it would be correlation, but not any cause by the particular company.
Reddit sucks! 12 year user and getting banned for upvoting 'promoting violence'! I hope it goes to 0
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$134? Actually insane
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