Sure, spez, tell us again how reddit's just never managed to make a profit ...

Reddit made an initial public offering filing with the Securities and Exchange Commission on Thursday ahead of its highly-anticipated stock market debut.

The social network plans to trade on the New York Stock Exchange under the ticker symbol “RDDT.” Its listing – expected in March – would be the largest IPO by a social media company since Pinterest went public in 2019.

How social media’s biggest user protest rocked Reddit

The number of shares to be offered and the price range for the proposed offering have not yet been determined, Reddit said in a statement.

The IPO filing revealed that Reddit sustained $90.8m in losses in 2023, as its revenue grew by roughly 21%. The business estimated that its US average revenue per user or ARPU, was $3.42 for the last quarter of 2023 – a decrease of 2% year over year...

Hello, my name is loaExMachina and I'm a redditor.

Jk, I've almost completely stopped browsing reddit, tho so far I hadn't committed to deleting my account, because all I've written was of such high quality that it'd be the worst loss of wisdom since the library of Alexandria burnt down. But now that I saw the deal they cut to train the Google AI on their content, I'm thinking "better erase it than let it fall in the hands of evil."

I recall seing on reddit many comments replaced by something about moving to lemmy and how much better it was, apparently some software had been used to bulk-edit all of the accounts content into this. Is it possible to learn that power ?

No API required. Kinda slow, but just leave it running overnight if you have a lot. Make sure you run it from https://old.reddit.com/u/me/overview

However, I will keep you guys around, for now ...

[...] a dearth of profit this late into its existence portends the lack of a real business model, suggesting it’s still not ready for public company life.

Interestingly, Narwhal remained open ahead of Narwhal 2's release without users having to pay anything. I asked Harrison in June how that was possible, but he said he couldn't explain due to a non-disclosure agreement (NDA) with Reddit. I asked again for this story, and Harrison said he couldn't provide full details but noted, "Reddit was willing to work with me so that I could transition the app to subscriptions in a reasonable timeframe, especially considering it's not my full-time job."

A group of scammers is retaliating against me for exposing them and the Reddit admins and legal department completely ignore it.

I consulted with lawyers who told me that my only option is to spend tens of thousands of dollars trying to pursue each individual reddit account that's doing it.

Though Reddit's leadership claims to be 'leaning into its humanity,' it seems the company is more committed to leaving humanity in the dark.

Reddit promised that it would maintain a free-tier API, but researchers and moderators repeatedly stressed that the new access was too limited and would cut off many tools, projects, and archives that their work depended on. Finally, Reddit’s olive branch came in the form of an online application for moderators and researchers to request increased access to the API and (for moderators only) access to Reddit archives that the updates took offline.

The mistake seemed to have taught Huffman that ignoring the needs of communities that the platform had long relied on posed a greater risk than benefit to the profitability of the company in the long run. Yet six months later, many of us working in public interest research fields have heard nothing back from Reddit in response to our applications, and key archives of historical data remain inaccessible to researchers.

Can you guess what it is?

It's mentioned in this really good Verge article about SEO. I don't think it's a good sign for Reddit to just allow such blatant spam and makes me think how much subtler spam is out there too.

I've personally noticed more a few times in old threads you'll find a comment made months later that's recommending a product.

Year-end recap from The Guardian.

1. mobile. avoid using the main reddit app fatbird and atom are still working and free but relay is paid and still also works. and mabye joey.

2. computers. avoid using new.reddit.com, use libreddit when possible but if unable to use libreddit use old.reddit.com with ublock or host your own libreddit instance

Soft paywall, clean cookies or use Tranquility extension or read the cleaned text here: https://telegra.ph/News-outlets-turn-to-Reddit-as-Musks-X-descends-into-chaos-12-01-2

Thanks to reddit becoming such a shitshow, it pushed so many people to lemmy. I know all this has existed for a while now, but with all the users now its really wonderful. Also many people likely wouldn't have known to come here if they weren't leaving reddit first.

Now, I was never that active in reddit and it probably had started to go bad even before I joined first time so I likely dont have enough context to properly compare, but so far lemmy has been so much better than I have seen reddit be even before it really started to go downhill.

I think lemmy will also be better than reddit could ever have been.

As much as Reddit sux because of the company's policies or mod problems etc., Lemmy is equally as bad.

Shadow banning is rampant on both platforms for instance. The biggest problem is that the people in charge of subs, or the instances, are incapable of governing -maybe not the best word- and don't understand words. It's a complete shit show everywhere.

Where have all the edgy and factual comments gone? Victims to mod bias and their political leanings. In some instances, they don't understand what they are reading, or don't like it, and ban everyone and remove posts like they are getting paid for bigger numbers.

Wasn't Lemmy supposed to solve this problem?