Maybe if you're worried about decreasing traffic don't require an account just to read something on the internet.
“a low double-digit percentage“ sure is a funny way to say 10-49%, and that since it represents fully 40% of the possible values (also known as ”a low double-digit percent”) it is a worthless non statement.
POP
Reddit is set to lose more than $7 billion in market value
Good.
70 to go!
Don't listen to them Reddit!
They just want to stop you WINNING - keep going where you're going.
One would think banning their long time users and those who say fuck spez/Trump/Israel/MuskMiller punch nazis in the face would have affected their user base. Considering reddit was once one of the most liberal sites on the Internet
Nobody to blame BUT REDDIT! Got to the point that their bots banned you while you were even typing your comment before posting………so PC that they became useless!
It didn’t even have to be politically correct. I made a celeb gossip joke about Kanye West and got permabanned for “insighting violence” like what?? Did they think Kanye was reading my comments and taking them as personal advice?
I got no warning permabanned from a sub I was active in daily for calling Tim Walz a "spineless fuck" for saying that he would never seek office again because he was afraid of Trump / his supporters.
On that topic I agree his debate really showed it was all an act
You cant post in this community until you post somewhere else for a week and get x amount of karma.
In every subreddit of any interest or else so niche you can gather the necessary Karma
OH NO! Anyway, how y'all doing today
Too many people block ads on reddit -> block the api -> people use google search and vpns -> block search and vpns unless logged in -> people use ai instead of search to find reddit answers because reddit blocks everything --> block access even harder -> complain no one visits the site anymore -> [we are here]
You forgot banning your userbase left and right.
Yep they hand out auto suspends and bans like it's free candy.
I once got permabanned for harassment because I called a dude a dumbass in 2 different threads on a very small <1k daily users subreddit and they said I was "following him" and making "personal attacks"
Oh yes, I know of that very well. The admins have crazy trigger fingers.
Also, the experience of new users is just utter garbage. When I finally successfully sidestepped their detection of ban evasion (clear cookies + random user agent + VPN), I noticed how terrible the new-user experience is. I am supposed to gain karma to post anything, but I can't get karma, because my account is too new and every post and comment is hidden or automatically removed. ??? BUT THE ACTUAL BOTS ARE JUST GIVING EACHOTHER KARMA! This bot prevention bullshit hurts only humans. Utter garbage website, it's doomed, but I wish it'd die faster.
Only thing left to block are logins.
I honestly don't know anyone that does anymore. I tried the bs for about 5 sec before I get prompted for ads for their app.
Not sure how that pops up with origin
I still log in every now and then on a browser to read the sports subs because lemmy sucks for that, but I refuse to install that cancer of an app.
Feel like they are making stuff up. People are not clicking cause reddit suck. They just messed up old reddit, standard reddit is slow and answers are more than offten not there. When you enshitify; engagement drops.
I think most stocks are down today in the USA.
Not 30 percent!
Have they tried making the UI shittier?
You say that…
I still use the app for 1 specific thing and let me tell you the iOS app (presumably their largest audience) is GARBAGE. And it gets worse every single release.
The latest release has a dead zone (!) in the list view. You’ll click a row/item and nothing happens. It only occurs after using the app for a bit and only in certain vertical place (about 20% down from the top). You have to scroll the list to be to click that item. Hilarious.
Of course all of this is on top the numerous other bugs.
Chrstian - ONE FUCKING GUY - made a superior app by himself. What did PewDiePie say, “it’s evolving, only backwards.”
I think it took them 4 years to get their video player working too. A video player.
old.reddit, a clear example of don't fix what ain't broken
It's still not great on mobile.
All I get is a page telling me to login
They're appealing to a different generation users. New reddit users think old reddit is ancient outdated design. They like the new design because it's oriented to the internet generation that uses mobile UIs.
I hate it on browser too and is why I use redlib. So much wasted space with side padding filled with useless stuff on an already small screen.
Nice, a few more dumps and we'll be below the initial price
The only way to build a profitable business today is to make it either: A) a scam, or B) gambling. Which to you think this one was?
If you guessed A) a scam, you are correct!
We are currently in the "dump" phase of the pump and dump.
I guessed "scambling" which is gambling, but also a scam.
Yep end stage capitalism produces absolutely nothing of value for anyone but the .1%.
Funny how fake hype and bad decisions do that.
I‘m doing my part to reduce that DAU.
Not only that, they're mandating login. I think that was announced yesterday
If 80% of their advertising revenue comes from logged in users and they mandate login, soon 100% of their revenue will be logged in users. It won't be more dollars than it is now, but they will have successfully stopped those other 20% from seeing ads.
Their whole philosophy is bizarre. Instead of letting a random from a Google search get lost in a series of recommended topics, browsing the sub, or searching for more stuff inside Reddit until they see an opinion they just need to respond to, they instead want to put up barriers to new user acquisition.
This is 100% to make it harder for non-paying AI scrapers. Their business is mostly selling data to LLM companies now. This won't stop non-paying scrapers but now they will have to make accounts and it will be easier to spot and stop.
They are still shooting themselves in the foot by almost completely killing search engine traffic but this is their reasoning behind it. Once again a company killing their future for the quick buck.
The AI scrapers just make new user accounts anytime they need one. Requiring login barely even slows them down.
If I were a stockholder, that'd be cause for me to sell. Reddit's main value comes from the fact that it's constantly acquiring new users, primarily from search engine results. Keeping users is easy enough (there are still people logging into Facebook every single day), but consistently gaining more users than losing year over year is an incredibly valuable metric to an investor. Mandatory logins would immediately bottleneck that incoming stream of users, does little to retain existing users, and is likely to scare off a statistically significant amount of existing users. This would be a huge red flag for me to dump my Reddit stock.
The real story here is about Google. Not only have they robbed websites of viewers with their chatbot answers, they're making less money than they were with regular old search results and ads.
The headline should be: Not even Google can make "AI" work, instead the chatbots have made the whole internet poorer.
That's an astute observation!
Every businessman knows, you leave meat on the bone for your partners (meaning be generally a good faith business citizen that doesn't need to have all the cake) or eventually you don't have partners and you don't have business either, because your greed has razed the ecosystem.
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