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.
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.
He’ll cry his way to a trophy home and yacht
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
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.
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.
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.
Who told you these lies? Lemmy took the bad parts and called them features.
Good, Reddit has no place in the stock market and no amount of enshittification can save them from this fate.
Once a company becomes publicly traded it always gets worse. Once the shareholders are closer to the executive compensation packages than the customers/users it is all downhill. It is like clockwork.
Might take a year, might take 10, but the result is inevitable.
Fuck Reddit.
I left Reddit today. I’m not looking back. I’m absolutely done with these organizations that bow to fascist whimsy and demands. Pathetic stuff from Steve and the admins at Reddit. I hope their stock tanks and they lose their ass.
Reddit banned me for saying mean things about Elon and I’m not going back. Good riddance.
Apparently Elon Musk pressured them into Banning people, and they just went along with it which tells you everything you need to know
Everything he does basically invites people to say mean stuff about him.
Perhaps he could just stop doing those things? Thinking out loud here,
Can I get a “fuck Elon the Felon” my fellow netizen?
Same reason I left. Why hang around to get yelled at by bots about “living in a liberal Reddit echo chamber” WHILE the entire site is sucking fascist dick the entire time?
I remember when I got banned for saying that hey maybe it isn’t hate speech to say that Israel shouldn’t murder children.
Good. I got banned just today for “inciting violence” then when I asked what I did they couldn’t tell me. Musk pressuring spez into harsher moderation is probably part of why I was actually banned. I followed every rule but was active in left wing communities and it seems that’s enough to be deplatformed under the trump regime.
Holy shit, me too.
They said I threatened violence because in a thread about Putin potentially being sick, I said I wished he had a painful slow death.
Apparently even bloodthirsty dictators get to have their poor feelings protected by Reddit.
Fuck Reddit! I’m just gonna abandon that shit platform
Idek wtf i said lmaoo. Atleast you got told you were deplatformed for daring to disagree with the regime. I just got shown the door. This place seems much nicer though.
Well, I had enough of this bullshit, and together with news that Reddit’s CEO was pressured by Musk of all people to curb dissent, I just deleted my accounts.
Bye Reddit.
I’m 100% a Lemmee guy now
It’s always been ridiculous to me that what is essentially a forum has shareholders. That’s why I left Reddit during the app debacle and haven’t looked back.
at this point Elon should buy it too, drive it to ground like Twitter.
MySpace will make a comeback.
Im gonna html code the fuck out of my page. And put my top 5 on notice they better keep their shit together or they are OUT.
Good. As shitty as they’ve been and as hostile as they’ve become to their own users, I’d live little more than watching the entire damned things crash and burn. More (but still not very) likely though is them desperately selling off before it completely self destructs. Of course if they do sell it, whoever they sell to will likely either make things worse or just shutter it. Most likely they’ll stay the course and continue hemorrhaging usefulness and thus popularity.
Any way you read the cards Reddit is in a tailspin that they seem unwilling to do what is necessary to pull out of. Which is to say, they’re too stubbornly idiotic to reverse their stupid, stupid changes and make a more open, user friendly, and community friendly platform. And I don’t see Spez being that smart.
All the people that ruined the site will get a nice golden parachute. The C suite doesn’t give a shit what the company actually does. They are there to make sure the important investors get a return on investment and that is it.
Oh the executives will be fine. I already hate them, no worries.
I feel like I have simpler reasons for leaving Reddit.
The third party apps quit working and the site and app run like shit and take forever to load.
Simple problems, simple solutions.
That’s actually the main reason most left, Lemmy has never seen a bigger increase in MAU before or after the death of 3rd party apps.
Not to say the other stuff isn’t important, but for me Reddit WAS Apollo. Without it, it didn’t even feel like the same service. Enough people felt the same about their preferred apps that they left en masse in 2023.
