- cross-posted to:
- technology@beehaw.org
- cross-posted to:
- technology@beehaw.org
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.
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.
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.