Reddit: Return of the Junk Stock IPO
forbes.com
Reddit: Return of the Junk Stock IPO
1–10 of 112 posts
Re: Reddit: Return of the Junk Stock IPO
#2How has reddit community changed since it's API permission changes that removed all third party apps? A lot of people forecasted doom for the network and many subreddits went private to protest.
Have the predictions come true? Presumably all those changes were to juice numbers pre IPO. In hindsight, did it work?
Re: Reddit: Return of the Junk Stock IPO
#3How has reddit community changed since it's API permission changes that removed all third party apps? A lot of people forecasted doom for the network and many subreddits went private to protest. Have the predictions come true? Presumably all those changes were to juice numbers pre IPO. In hindsight, did it work?
From personal perspective, discussion quality has gone to the rock bottom on various subreddits. And platform is even worse when using from the browser. Other than that, no idea.
Re: Reddit: Return of the Junk Stock IPO
#4How has reddit community changed since it's API permission changes that removed all third party apps? A lot of people forecasted doom for the network and many subreddits went private to protest. Have the predictions come true? Presumably all those changes were to juice numbers pre IPO. In hindsight, did it work?
The content has suffered. It’s even shittier than it was a year ago.
Re: Reddit: Return of the Junk Stock IPO
#5How has reddit community changed since it's API permission changes that removed all third party apps? A lot of people forecasted doom for the network and many subreddits went private to protest. Have the predictions come true? Presumably all those changes were to juice numbers pre IPO. In hindsight, did it work?
It's 100% the same. The official app isn't even that bad if you remove the ads. The biggest problem (powermods) still remains ironically after all of this. Bummer really, I thought they would use the opportunity to clean up
Re: Reddit: Return of the Junk Stock IPO
#6How has reddit community changed since it's API permission changes that removed all third party apps? A lot of people forecasted doom for the network and many subreddits went private to protest. Have the predictions come true? Presumably all those changes were to juice numbers pre IPO. In hindsight, did it work?
It’s very subjective but Quality of moderation has dropped in my opinion. Things like giving moderators the ability to moderate anonymously (you can now conceal names of moderators entirely but on sidebar and in coms) has also result in power tripping moderators having a field day.
On the whole though the Reddit won - all the serious protestors left and the remainder (majority) folded
Re: Reddit: Return of the Junk Stock IPO
#7How has reddit community changed since it's API permission changes that removed all third party apps? A lot of people forecasted doom for the network and many subreddits went private to protest. Have the predictions come true? Presumably all those changes were to juice numbers pre IPO. In hindsight, did it work?
My usage of reddit as dropped by a considerable amount, and I am now only active in the sysadmin subreddit mainly for professional reasons..
Re: Reddit: Return of the Junk Stock IPO
#8[dead]
Re: Reddit: Return of the Junk Stock IPO
#9How has reddit community changed since it's API permission changes that removed all third party apps? A lot of people forecasted doom for the network and many subreddits went private to protest. Have the predictions come true? Presumably all those changes were to juice numbers pre IPO. In hindsight, did it work?
Hard to say, I ended up leaving for Lemmy, which isn't as big but it gets the job done
Re: Reddit: Return of the Junk Stock IPO
#10> In 2023, the company’s revenue was $804.0 million. Research and development, at $438.3 million, was more than half, an awfully big number for a company of this age. Total costs and expenses were $944.2 million. The net loss was $90.8 million, which at least is an improvement over 2022, with its $666.7 million in revenue and $158.6 million in losses. [1]
These expenditures blow my mind. But if reddit can grow revenue to 1200m and cuts expenses to 300m, the story looks totally different. A turnaround like that might only take a couple of years. Reddit is an incredibly sticky product, just badly mismanaged. With some new management, it could even be a buy at 5bn.
[1] https://www.forbes.com/sites/eriksherman/2024/02/26/reddits-...