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The gloomy sentiment around Reddit Inc. has failed to dissipate after its shares fell 50% from a February high, with volatile technology stocks under pressure.
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Gee, that’s too bad. It would be a real shame if that piece of human garbage Steve Huffman lost everything. A crying shame.
Sadly I’m sure he already has a golden parachute prepared.
They all cashed out after the IPO. They’re probably laughing at the bag holders right now.
There may still be lawsuits, however. There are still many ways that he could lose a lot of what he gained.
I think you mean presidential pardons
He’ll cry his way to a trophy home and yacht
I can’t even think of a time in history where someone was a huge piece of shit in America and “lost everything.” Maybe R Kelley, P Diddy, and Bill Cosby? But only for the time they spent in whatever rich guy jail they got to go to and then they were fine.
Elizabeth Holmes comes to mind. She manoeuvred herself into a position of wealth and power by defrauding other rich people and got herself 11 years in prison for it. That’s 11 years more than most other rich scumbags get.
But after that 11 years didn’t she come out of prison still rich?
She went into prison in 2023 so she will be there for a while yet.
I don’t think her wealth is known exactly but she and her company lost billions during the scandal.
I mean she stole from rich people so I hope she’s doing good
She married a hotel heir, she’s still doing fine.
The most bizarre part of the Theranos scandal is that any medical lab tech/scientist could have told you, right from the initial pitch, the entire thing was a massive scam. There was literally no reason to ever think this technology was feasible and a mountain of reasons it wasn’t.
And that just goes to show:
The only time rich people are held accountable in the US, is when they fuck with other rich people’s money.
Madoff died in a jail cell, that’s gotta count for something.
Yeah that’s cool and good. Same with Epstein.
Except he didn’t live long enough to rat anyone out. That’s the only downside to that story.
Greedy pigboy flew too close to the sun.
He will exit filthy rich way before that. That’s the point.
Hey fam, I’m another Reddit refugee. I heard Lemmy is what Reddit was back in the day. Sad to see Reddit go to hell.
The Voyager iOS App makes it feel like I never left.
Reddit refuge here.
I do miss all the niche subreddits. As the saying goes, “there’s a subreddit for everything.”
But I think with time, Lemmy can grow to fill that gap.
You gotta Field of Dreams it. I’m doing it for LV426/the Aliens universe. Just treat it like you’re starting a forum or a newsletter and, hopefully in time, others will contribute and it’ll grow organically.
Where is the LV426 community?
I mostly contribute here, mostly.
Thanks. I’m in!
I have no doubt we will!
While we still doesn’t have all kinds of active niche communities over here, it is incredible how much the community has grown since I first came here. And that’s not really all that long ago.
Thanks for joining us! :)
Yeah I’ve been on Lemmy maybe 2 years or so now? I find myself going back for the subreddits of my interest. But I will try to start posting here more.
Ultimately I believe in the fediverse despite all of its growing pains.
It’ll take awhile to grow those niche communities.
There is also a PWA version for those looking to try it out, and I believe it’s on F-Droid as well.
Same for me using Boost on Android. It looks like Reddit only without the bots and AI slop.
More or less. There aren’t as many bots, and everyone is generally aware of traditional Internet etiquette (i.e. don’t be an asshole). Lemmy also feels as homogenous as early Reddit: college-educated white people in western countries.
I started joining forums back in the late nineties and I’ve learned every place on the Internet is in flux. Things always change. Back in the day, stuff would happen like we would lose hosting because someone got sick of running a niche phpBB forum or the moderation team would change. When social media kicked off, changes were driven by money. Facebook was a big gaming platform in my college years (Farmville), which feels completely foreign to today’s Facebook.
The smaller the community, the more stable it is. Some of those 20-year forums still exist, albeit in a much more diminished state. If a site/platform gets popular, that’s when things can change quickly.
Lemmy has already changed since I joined and I’m sure it will become something different in the future.
Feels that way to me. I wasn’t there like at the very beginning, but was able to be in a few small subreddits turn big. Some turned to shit, some turned okay. Lemmy/mbin a.k.a. threadiverse seems like it was before my time I started with reddit
Lemmy, Mbin, and now PieFed!
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Who told you these lies? Lemmy took the bad parts and called them features.
at this point Elon should buy it too, drive it to ground like Twitter.
Huffman needs exactly 0 help to run reddit into the ground. He’s been doin’ it for years.
It’s actually kinda nice that he’s not going full nose-dive straight into the ground. Getting a steady stream of users is better for Lemmy’s culture, than a full exodus event, imo. It gives us a chance to not be reddit, but something better.
This would actually be a great outcome.
While most people would likely move to Digg v2.0 (I am just being realistic), this will help fuel growth in the threadiverse. And at any rate, the major instances would simply not be able to handle 1 million MAUs immediately moving to Lemmy.
It could also just turn it into another nazi mouthpiece, and make getting information out to people even worse than it is now.
I will speculate this is going to happen anyway, sooner or later.
While I am not American, I have lived in the the US and have many close friends there. From my understanding, American oligarchs have gone full in on a proto-fascist state (US is not yet fascist in the formal definition of the term, thing can and likely will get worse). This includes Hoffman and not only.
US is not yet fascist in the formal definition of the term, thing can and likely will get worse.
Yes it is. We are already at the dictatorial stage in practice with the legislature and SCOTUS complying voluntarily by not enacting checks and balances. Everything else, like the nationalism, demonizing groups, and the rest are in full swing. Don’t need death camps to be fascist, although we are well on our way down that road.
What criteria isn’t being met yet in your opinion?
Digg is excited about “AI” moderation. So, they’re gonna be going the route of banning users for wrongthink just as Reddit did. I don’t think it’s going to be that popular.
While most people would likely move to Digg v2.0 (I am just being realistic)
Are people actually going? The only thing I’ve heard about it (the AI-fueled reboot) is that it was planned.
It’ll be corporate owned and centralized, so I don’t care at all.
digg isn’t alive again yet afaik.
Meh. I joined Reddit in the original great Digg exodus, I’m not going back.
They’re permabanning everyomangionene who says anything good about Luigi Mangione, who is literally the greatest hero of the year in America, if not the decade. What did they think was going to happen?
Oh no! Anyways, what’s everyone’s Friday plans?
Imma hop on resonite and get wasted with friends.
I’m gonna go to a Mexican restaurant with friends and have a huge Dos Equis with my lunch.
Playing Pikmin 4, gonna stop soon to make eggs and bacon, and watch the movie Heat before it expires off my To Watch list lol
I don’t have any yet, I need to work out and go for a run, but after that I’ll probably hang with some friends. Maybe have a drink or two.
Teaching my friend’s kids about Linux and python, and watching a movie with them afterwards. Probably have a brewski or two.
lmao, they tried to suspend my account for “harassing” a scam post.
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ಠ_ಠ gross
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They 7-day banned me for ‘encouraging violence’ for saying I didn’t think Mangione deserved to go to jail for what he did. I appealed it and it was lifted, but not before it was upgraded to a permanent ban for ban-evasion on other accounts (I’ve never had more than one account in my 14 years of reddit.) The perma-ban was lifted on appeal too, but by that point I was just like fuuuuck off.
I appealed it and it was lifted, but not before it was upgraded to a permanent ban for ban-evasion on other accounts (I’ve never had more than one account in my 14 years of reddit.)
Reddit has a feature where there helpfully link your account to stranger’s accounts. When the stranger is banned from any sub, you are too. But you don’t know you are banned from those subs. So when you innocently post, you get perma-banned.
I had no idea that was a thing, nor who I would have done it with considering none of my friends or family use reddit. Much less how I could’ve done it without even knowing about it.
I heard they did that a bunch of other users too, temp ban, resulted in perma ban of other accounts as soon as the temp ban was lifted.
I was perma-banned like 11 hours before my temp-ban was lifted, per the timing on the messages in my inbox, so I think the admins just got a lil carried away with the fashy bullshit and then walked it back a little.
Same thing happened to me. I told a guy to fuck off and got banned for not being nice. I appealed, but before that process completed, they permanbanned my 14 year account. I like that on Lemmy I can say normally uncontroversial things like “Nazi scum fuck off”.
Indeed, Nazi scum can fuck off.
i’ve had various accounts over the years and never gotten hit for “ban evasion”. that being said that suspension was my last straw and i deleted my account.
Yeah, what’s even funnier is after noticing and appealing the temp ban I logged off and the only time I went back was to check my mail for a response which is when I noticed the perma-ban, so between those two time periods I was literally not even on reddit, so I have no idea what the fuck they were on about.
Suggit
coffin_dance.mkv
Huh, maybe if reddit wasn’t overly restrictive to free speech they’d get more actively engaged users. Oh well, I guess they’ll have to suffer the consequences of their actions. I know this article blames reliance on google and stagnant ads for this, but I can’t help but think restricting speech and shutting down discussions also plays a role. Front page of the internet my ass.
OhNoAnyway.gif
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remember the first purges in 16-17’ when trump was in power, GOP started complaining about online spaces hosting these “violent, illegal” activities, and subs got banned asap. now again, musk is complaining about the same thing.
It certainly was what people drove there. That doesn’t make money. The only value that counts for the bottom line is the data ultimately for marketing purposes. And the reach and trust that makes it great to sell shit.
It’ll also be a great propaganda vehicle. Which might be worth even more in the current climate.
Anyways Reddit is dead. It ran far longer than many thought. But I think the cadaver won’t stay fresh long enough to be eaten.
I think many of the tech giants are becoming scared. Because it might be a bit of hassle to just use another platform ultimately it’s fucking easy to migrate and the when the momentum is there it can go pretty fast. No one really needs Amazon or Facebook or Reddit. And people really are pissed off. Fuck them. All these valuations for tech are just ludicrous when in the end the main driver is selling people shit more effectively.
forums are still alive and kicking, to certain niches though, not an "news/politics aggregate site like reddit. FB has enshittified itself when they went soely distributing russian propaganda intentionally, also require much more aggressive Data mining to sign up for the service, similar tow hat Glassdoor has become for job hunters.
fuck spez
How absolutely and entirely unexpected.
Good, Reddit has no place in the stock market and no amount of enshittification can save them from this fate.
