Summary

Reddit shares have dropped 50% from their February peak, when the stock had soared over 500% from its $34 IPO price last March.

Much of the early enthusiasm came from AI-related deals allowing Reddit’s content to be used for training models, but recent doubts about long-term growth in the AI sector have dimmed that optimism.

Analysts remain skeptical and some call the stock “super overvalued,” noting Reddit still is not making any money.

Market uncertainty and early investor sell-offs continue to weigh on Reddit and the broader tech sector.

Non-paywall link

  • catloaf@lemm.ee
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    2 days ago

    If you deleted your content, reminder to go back and check it again. Despite running a deletion from my GDPR export data, yesterday I noticed a bunch of comments suddenly showing up on my account that weren’t there before so I i had to rerun the deletion.

    • Ledericas@lemm.ee
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      1 day ago

      i noticed when i deleted my primary comments, it was ommiting other posts, like controversial.

      • catloaf@lemm.ee
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        2 days ago

        I’m not sure. If you can log in, probably. You can try a GDPR request, but reddit has refused to delete data under GDPR, saying deleting your name off posts and comments is sufficient.

    • mic_check_one_two@lemmy.dbzer0.com
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      1 day ago

      Should also go back and check to see if you were unbanned. I was banned during the API purge, for mass editing+deleting my comments. First automod banned me from various pro-Spez subs when I started editing my old comments. Then when I repeated the edit+delete with my second/third/etc accounts, it “permanently” banned them site wide for ban evasion.

      Went back a little while later, and all of my accounts were magically unbanned and all of the edits+deletes were undone. The benign explanation is likely that the ban(s) prevented any of the edits from actually committing. But the more tinfoil-hat explanation is that the admins want the site to look more active, so they rolled back bans so old content was still available and their user count appeared higher than reality.

      • Ledericas@lemm.ee
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        1 day ago

        it does explain why you could comment in subs you were banned years ago. i heard at least from the modhelp sub that permabans were supposodely to be 1-year before it gets unbanned, obvious repeat offendors get a lifetime ban(the spammers excessive account bottings). but thing is some subs dont update thier filters so they can ban you again, and trigger a sitewide ban.

    • The Octonaut@mander.xyz
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      2 days ago

      There’s a non-malicious reason for this - if you used a script based on interacting with the website, when subreddits went hidden, it actually hidden your own comments from you. So they aren’t visible to automated scripts and then when subreddits go visible again, suddenly it looks like comments “came back”.

      • jaybone@lemmy.zip
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        2 days ago

        And this is compliant with GDPR?

        “Your stuff was hidden when you made the delete request. But then later we made it un-hidden so oh well 🤷”

        • The Octonaut@mander.xyz
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          2 days ago

          No, because what he’s describing is a self-run comment editing and deleting script.

          GDPR account deletion works very differently.

          Note I’m not defending Reddit here, as much as anything it’s advice for anyone (like me) who has to go back and re-run the script every few months because of those brave people whose form of protest is very temporarily inconveniencing themselves.

    • muusemuuse@lemm.ee
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      2 days ago

      Is there a way I as an american can delete all my posts from my banned accounts?