Reddit Stock Collapses 23% as AI Eats Away at User Growth
finance.yahoo.com
Reddit delivered strong earnings, but the numbers beneath the surface tell a different story. Slowing logged-in user growth and AI-powered search could threaten the platform's long-term value.
  • iceberg314@slrpnk.netEnglish
    1·
    6 days ago

    Ironically, their stock is dropping because they started treating their users badly in order to improve stocks.

  • Encrypt-Keeper@lemmy.worldEnglish
    1·
    6 days ago

    One of the few things Reddit had going for it that anyone’s grandmother understood is that it was synonymous with organic user content (Even if that’s not entirely true). There’s a reason adding site:Reddit.com to Google searches was a meme, and it’s that you could get more organic feedback on things as opposed to the hellscape that was the open internet “listicles”.

    When Reddit closed itself off from the internet at large by forcing app usage, and embracing AI which just made their bot problem worse, it legitimately removed the one thing it was actually good for.

  • friend_of_satan@lemmy.worldEnglish
    1·
    6 days ago

    How far has Lemmy stock fallen? Oh that’s right, there’s no corporation and there are no shareholders. Knowing that sure feels good.

  • EmilieEasie@fedinsfw.appEnglish
    1·
    6 days ago

    Nothing in the article about user experience at all, maybe I’m crazy for thinking that’s a big part of the problem.