Reddit’s 50% Plunge Fails to Entice Dip Buyers as Growth Slows
finance.yahoo.com
(Bloomberg) -- 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. Most Read from BloombergGold-Rush Fever Returns to Historic New Zealand Mining TownWhat Frank Lloyd Wright Learned From the DesertBank Regulators Fight for Desks as OCC Returns to New York TowerThese US Bridges Face High Risk of Catastrophic Ship StrikesCharter Schools, Colleges Push Muni Debt Distress Near RecordThe social

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.

  • dparanoidandroid@lemmy.worldEnglish
    94·
    10 days ago

    Hey fam, I’m another Reddit refugee. I heard Lemmy is what Reddit was back in the day. Sad to see Reddit go to hell.

      • pleasegoaway@lemm.eeEnglish
        371·
        10 days ago

        Reddit refuge here.

        I do miss all the niche subreddits. As the saying goes, “there’s a subreddit for everything.”

        But I think with time, Lemmy can grow to fill that gap.

        • doug@lemmy.todayEnglish
          20·
          10 days ago

          You gotta Field of Dreams it. I’m doing it for LV426/the Aliens universe. Just treat it like you’re starting a forum or a newsletter and, hopefully in time, others will contribute and it’ll grow organically.

        • mintiefresh@lemmy.caEnglish
          7·
          10 days ago

          Yeah I’ve been on Lemmy maybe 2 years or so now? I find myself going back for the subreddits of my interest. But I will try to start posting here more.

          Ultimately I believe in the fediverse despite all of its growing pains.

          It’ll take awhile to grow those niche communities.

        • cabbage@piefed.socialEnglish
          51·
          10 days ago

          I have no doubt we will!

          While we still doesn’t have all kinds of active niche communities over here, it is incredible how much the community has grown since I first came here. And that’s not really all that long ago.

          Thanks for joining us! :)

      • kmirl@lemmy.worldEnglish
        2·
        10 days ago

        Same for me using Boost on Android. It looks like Reddit only without the bots and AI slop.

    • bigb@lemmy.worldEnglish
      23·
      10 days ago

      More or less. There aren’t as many bots, and everyone is generally aware of traditional Internet etiquette (i.e. don’t be an asshole). Lemmy also feels as homogenous as early Reddit: college-educated white people in western countries.

      I started joining forums back in the late nineties and I’ve learned every place on the Internet is in flux. Things always change. Back in the day, stuff would happen like we would lose hosting because someone got sick of running a niche phpBB forum or the moderation team would change. When social media kicked off, changes were driven by money. Facebook was a big gaming platform in my college years (Farmville), which feels completely foreign to today’s Facebook.

      The smaller the community, the more stable it is. Some of those 20-year forums still exist, albeit in a much more diminished state. If a site/platform gets popular, that’s when things can change quickly.

      Lemmy has already changed since I joined and I’m sure it will become something different in the future.

    • JayGray91@lemmy.zipEnglish
      6·
      10 days ago

      Feels that way to me. I wasn’t there like at the very beginning, but was able to be in a few small subreddits turn big. Some turned to shit, some turned okay. Lemmy/mbin a.k.a. threadiverse seems like it was before my time I started with reddit

    • SteveNashFan@lemmy.worldEnglish
      3·
      10 days ago

      Welcome! I came in with the blackout a year or so ago, it’s been fun to see more people show up over the months!