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bionicjoey, to RedditMigration in Fidelity has cut Reddit valuation to $5.5B from $10B

It’s almost like loudly announcing contempt for your userbase is not good for a website where virtually 100% of their value is derived from the loyalty of their users

Packopus, to RedditMigration in Reddit protest plunges user engagement, site activity and ad portal visits

@abff08f4813c The main thing about all this is that there were no alternatives to Reddit until now. We needed a good push and reason to leave but never had a tangible alternative with nothing even showing up in Search results worth checking out. Now we do, All these big corps are screwing themselves, and we now have a BETTER alternative than all of them. So keep screwing up, Reddit, we have a place to go now. Keep screwing up, Twitter, Google, StackOverflow, Tumblr, Imgur, and all others that will soon follow suit.

CybranM, (edited )

What has Stackoverflow done? Im ootl on that one

danieljoeblack,

They are seeing a decrease in usage since ChatGpt came about. They had implemented a network wide no AI generated answer policy, but after seeing their number declined decided to blame the mods for removing and banning users who were posting AI answers.

They refuse to show any data that supports their claims (that the mods banning users accounts for the decrease in usage), have told mods in private that they can no longer enforce the rule, but still want the rule to be in place.

They have continuously said one thing and done another, slowing eroding moderator and user trust. You can checkout the meta stack overflow site for the entire situation.

SkyeStarfall,

What's up with all the companies shooting themselves in the foot all at the same time?

danieljoeblack,

I think a lot are trying to monetize the LLM craze, hoping to get OpenAI to pay for the training data, but idk

ruk_n_rul, to RedditMigration in Fidelity has cut Reddit valuation to $5.5B from $10B
Briguy24, to RedditMigration in Fidelity has cut Reddit valuation to $5.5B from $10B

Thoughts and prayers

debounced, to RedditMigration in Fidelity has cut Reddit valuation to $5.5B from $10B
@debounced@kbin.run avatar

imma need about tree fiddy

Ertebolle, to RedditMigration in Fidelity has cut Reddit valuation to $5.5B from $10B

I still have 14,000 free coins in my account - maybe soon the valuation will drop low enough that I can buy the company with them, like in that Star Trek TNG episode where Data wins so much money that he buys the casino.

SustainedChaos, to RedditMigration in Fidelity has cut Reddit valuation to $5.5B from $10B

We did it, exxitors!

FIST_FILLET, to RedditMigration in Fidelity has cut Reddit valuation to $5.5B from $10B
@FIST_FILLET@kbin.social avatar

good :) a very sincere "get fucked" goes out to every single person intentionally responsible for the investor-pandering at r*ddit! thinking of you during these troubled times. reaper, meet what has been sowed

G_Wash1776, to RedditMigration in Fidelity has cut Reddit valuation to $5.5B from $10B
@G_Wash1776@lemmy.world avatar

😂😂😂 get fucked Spez

arcrust, to RedditMigration in Fidelity has cut Reddit valuation to $5.5B from $10B

Oh no. I wonder what happened /s

Crylos, to RedditMigration in Reddit protest plunges user engagement, site activity and ad portal visits
@Crylos@lemmy.world avatar

I was spending easily 2-4 hours a day scrolling through my feed on Reddit, it impacted me in so many ways that I didn’t see at the time.

Now? I’m enjoying a quick pop in on Lemmy and find myself enjoying my time away from the scrolling for content. I’m enjoying moderating a community and the definite lack of trolls at the moment.

Here’s to hoping this atmosphere continues for the foreseeable future!

apemint, to RedditMigration in Reddit protest plunges user engagement, site activity and ad portal visits
@apemint@kbin.social avatar

That “blackout” movement, which briefly caused Reddit to go down, dropped daily traffic by about 7%

I wouldn't call single digit percentages a plunge.
But who knows, maybe they will continue to bleed users and the protest was just the first crack in dam wall:

Experts are unsure if the current protest will significantly impact Reddit or if it will just be another controversial moment in the platform’s history.

whofearsthenight,

I've said this before and I'll say it again, I don't think the largest wave of users leaving has hit yet. Once the big apps shut down today, I think there is going to be another wave that actually leaves, and then it's just going to trickle out for months probably as reddit gets less relevant since the people actually making the content are likely to be the ones to move.

btmoo, to RedditMigration in Reddit protest plunges user engagement, site activity and ad portal visits

This is a really weird article with sentences in it that don't make sense.

"the amount of time people spent on the Reddit website by close to 16% between June 12 and 13" - what does that mean?

"Web traffic of the platform also declined to about 52 million" - 52 million ?

With ChatGPT getting popular, I'm starting to wonder what I'm reading.

LoafyLemon, (edited )

I trust this was written by hand, because ChatGPT wouldn't make grammar errors.

Unless someone mindlessly copied the parts of the article and stitched them together...

Jon-H558,

it says in the article that the average time people spent on the site went down from 8.4min to 7.16min (assuming decimal min) that is a drop of 16%

web traffic declined from 56m to 52m a drop of 4m or ~7%.

abff08f4813c,

"the amount of time people spent on the Reddit website by close to 16% between June 12 and 13" - what does that mean?

In the article, the full sentence is,

That "blackout" movement, which briefly caused Reddit to go down, dropped daily traffic by about 7% and the amount of time people spent on the Reddit website by close to 16% between June 12 and 13, according to the data shared by web traffic analysis firm Similarweb.

So basically the amount of time people spent on reddit dropped 16% between June 12 and June 13.

"Web traffic of the platform also declined to about 52 million" - 52 million ?

Yeah that could be worded better. No units. Resumably it's about the number of visits.

Again, the full sentence is,

Web traffic of the platform also declined to about 52 million on June 13, compared with averaging nearly 56 million in the days prior.

So a 4 million drop in number of visits.

trynn, (edited )
@trynn@kbin.social avatar

Yeah that could be worded better. No units. Resumably it's about the number of visits.

Looks like that number lines up with their reported DAU (daily active users) metric rather than site visits.

52 million DAU is about where Reddit was in the summer of 2021, per data on Statista. It also tends to vary up or down by a few million at each sample point, so we'd really have to see a long-term trend-line rather than a 2-week data snapshot to know whether the blackout had any real effect.

Varyag, to RedditMigration in Reddit protest plunges user engagement, site activity and ad portal visits
@Varyag@kbin.social avatar

Honestly, while I'm happily settled here in the "threadiverse" and all that, I've seen that the main subs I used to visit and have now reopened, are all working about the same as before the protests. They were all basically niches, so they weren't as badly affected by bot comments and the such. We will see, however, if their moderation can still keep up after the 1st tho.

CMLVI,
@CMLVI@kbin.social avatar

I feel like I'm seeing way less posts moving through Hot. I'll have articles from 13+ hours among my feed, where that used to not happen. A 6-7 hour gap would fully refresh the feed just about, whereas now if might be closer to 2/3s new.

Won't have much to compare to now, account wipe starts tonight.

abff08f4813c,

Thank you for your service!

abff08f4813c,

. We will see, however, if their moderation can still keep up after the 1st tho.

That's exactly it, I think. Outlook: Doubtful

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