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
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
I’d love for someone to buy as much Reddit stock as possible and make Reddit answer to any ridiculous demands.
Ah, yes. The theoretical good billionaire.
Yeah, that went great when Musk bought Twitter
I think it started bc Elon bitched about the white people twitter sub was inciting violence and it shut down for a bit and now with saying Luigi
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.
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.
I’m not experienced with stock markets, but is the concept of ‘normal’ really relevant, especially after a whole quarter? What factors would give it a tendency to return to the prior state?
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?
Stocks overall took a downturn when investors finally realized Trump wasn’t bluffing bout his tariff plans
It’s just FUD, diamond hands 💎🤝, to the moon 🚀 🌒, etc etc
/s just in case
A lot of overpriced stocks are pulling back. A recession is bad for ad dependent media.
Fuck the Y graph doesn’t start at zero though.
That’s pretty standard practice with stocks because traders are more interested in seeing the detail of what the price has been doing than they are in seeing how much it has changed in total. That and the stock should never be anywhere near zero unless the company is on the verge of total collapse (and usually by that point it becomes de-listed)
This is Macro scale issue with whole US stock market not an specific Reddit Issue I Believe
I’ve checked some companies and that seems so, though reddit seems to be the only one that lost ~40% value in one month
Tesla and DJT have lost similar amounts in the last month.
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
in my experience, reddit advertising has been idiotic for several years.
I go to a basketball subreddit. there are no relevant ads about basketball. not local team tickets, not streaming services, basketball equipment, basketball merch, or even a video game.
I go to a subreddit for a tv show. it’s similar. There are no ads or links to buy dvds or tickets to a convention or anything related to the show.
They could totally target advertising based on subreddit and they don’t.
Is this because they think they’re more likely to get a more valuable click by showing you targeted ads from the highest bidder?
Targeted ads always seem to be so poorly targeted.
I can’t believe for as long as I’ve been on Reddit I never realized that point you just made. Good shit dude.
When you start banning long-term users over bullshit. This happens. Hope it crashes and burns all the way to the ground.
Putting the red in reddit.
Unfortunately the it already left when I signed up here a couple of years back.
Did Luigi save us from reddit? What can’t this man do?
