Reddit Stock Collapses 23% as AI Eats Away at User Growth(www.barchart.com)
24 pointsby thm3 hours ago7 comments
  • ricardobeat2 hours ago
    They killed their own product by allowing toxic communities to flourish, the disastrous redesign, walling off their web content to push their mobile app and force signups, closing off their API, etc; and more recently allowing AI-generated content to grow unchecked.
    • r0fl2 hours ago
      I’m shocked Google does not delist Reddit for their shitty web experience

      If you are on mobile and you are not signed in you get the entire free site walled unless you sign in or go use the app

      Google is supposed to show the best content at the top

      Apart from those fake spyware pop ups I cannot think of a worse surfing experience

      • lostlogin2 hours ago
        > Google is supposed to show the best content at the top

        Unless it’s showing adverts first.

    • 2 hours ago
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    • AndrewKemendo2 hours ago
      I started/run a old and moderately popular sub (top 100 in sports) and haven’t noticed any issues that we haven’t dealt with before.

      We shut down during the blackout so it’s not like it’s all been easy.

      I got stock a couple years ago, that’s about it and I thought that was nice having been on Reddit since 2006 or whatever.

      That said we’re not a trash sub and take moderation extremely seriously.

  • Rabbit5040302013 hours ago
    I chceked the past price and, yes, the stock is back to what was it back in March this year. https://finance.yahoo.com/quote/RDDT/?guccounter=1 And there were swings close to as big as today since then. Not really much of news then.
  • xvxvx3 hours ago
    Reddit is my warning flag when AI gives me an answer. If I see Reddit linked, I know to disregard the answer entirely. They may as well be scraping 4chan.
    • lostlogin2 hours ago
      If you want a decent review of something, you could do a lot worse than Reddit.

      But they do seem to be trying to destroy themselves at the moment.

    • AndrewKemendo2 hours ago
      Common Crawl is heavily populated with reddit threads

      So a massive chunk of LLMs are Reddit data

      • ccgreg18 minutes ago
        That isn't true. You're welcome to peruse our index to prove or disprove your claim.
  • trentor3 hours ago
    Maybe it's them getting more and more user hostile...
  • homeonthemtn3 hours ago
    That's funny. As if the user growth was anything but bots anyways.
  • catlover763 hours ago
    [dead]
  • simianwords2 hours ago
    I'm tracking Reddit vs LLM thing somewhat. As much as I hate Reddit, I truly believe it is a net good and probably a big reason LLMs are useful now.

    In my cute investigation, I found that only Claude doesn't have access to Reddit posts whereas every other app like Grok, ChatGPT indexes it.

    https://simianwords.bearblog.dev/investigating-the-hidden-mo...

    ---

    Reddit has unfortunately fallen into a local maxima of people with a certain type of progressive view and you would get heavily downvoted for anything that opposes it. Even the old adage of "reddit is the only place you can get organic reviews of products" doesn't hold up anymore. At the moment Reddit doesn't seem to offer anything other than a sort of anonymous Facebook groups thingy - subreddits for extremely niche hobbies and discussions on neighbourhoods like /r/berlin.

    Other than that, what signal does Reddit really give? And where?