• Ann Archy@lemmy.worldEnglish
    2·
    11 days ago

    Russia gets its biggest refinery blown up, Reddit stock tanks, I did some coke, this has been a great Halloween.

    • UltraBlack@lemmy.worldEnglish
      0·
      11 days ago

      It’s been a few months since I last criticised you for these replies… Why are you still doing this?

      Genuinely pointless

      Get some hobbies

    • IlCaviale@lemmy.worldEnglish
      0·
      11 days ago

      Instead of saying “fuck spez” like a drone, pivot to saying “remember Aaron” (so that people who don’t know about him can learn something new)

      The fediverse LARPs so much about being inclusive and diverse but you’re constantly betraying your tribal nature. Own it. If you’re on the Good People Team, prove it with more than empty, hateful accusations OR substantiate those accusations beyond in-group signaling.

      Because this place is fundamentally the same echo chamber as reddit, and it faces the same peer pressure. The only thing that changes is the handle on the usernames, and the only way to be different is to completely ignore the upvote system and say what you actually think instead of what you expect other people to upvote you for (good job, you let your own mind regress to the mean).

      Unless your thoughts are as shallow as your words… are they?

      • Earthwormjim91@lemmy.worldEnglish
        0·
        11 days ago

        I mean, sure? Aaron Swartz didn’t really do much with Reddit at all. The infatuation with him in terms of Reddit is kinda weird.

        He rewrote it from Lisp into Python, but that’s about it. He joined after the site was already live and was only there for about a year.

        • IlCaviale@lemmy.worldEnglish
          0·
          11 days ago

          He fought for information to be free by pirating JSTOR papers, and he was persecuted and prosecuted for it, and he killed himself (or did he? [vsauce music]).

          … And now we have SciHub. Which is the same exact fucking thing as what he was trying to accomplish.

          Also he was instrumental to the invention of the RSS protocol:

          As a programmer, Swartz helped develop the web feed format RSS; the technical architecture for Creative Commons, an organization dedicated to creating copyright licenses; and the Python website framework web.py.

          The same RSS protocol that spez completely killed off a few months ago. Aaron’s grave has been shat on so many times that it’s basically a latrine now. But the people who say “fuck spez” know none of this, and if they do, they’re cowards for not saying it out loud.

  • Karmanopoly@lemmy.worldEnglish
    1·
    11 days ago

    Allowing nerds to ban your customers for even simple disagreements or using language they don’t like… probably wasn’t a smart business strategy

    • Ann Archy@lemmy.worldEnglish
      1·
      8 days ago

      How is a chat forum a business strategy at ALL?

      Wait, right, the whole data harvesting thing. I was already hyperbanned back then but I remember seeing posts in like /r/teenagers, /r/askreddit, I don’t know fucking, /r/memes, that were all like “post the most popular childhood toy when you were growing up”, “list the 5 cities you have visited the most”, “what’s the best thing about the city you live in” et c, just obvious attempts at eliciting personal information. Nobody thought anything of it and proceeded to give them tons of info.

      Thank you, I now need to go yell at a particularly annoying cloud in my backyard.

  • SpaghettiMaster@feddit.ukEnglish
    1·
    10 days ago

    Lol it’s dropping even more? What is causing it. I would love to see some of the big data harvesters collapse.

    • mig@lemmy.worldEnglish
      1·
      10 days ago

      I randomized and deleted all my previous comments and posts with a paid app. Boy did the mods and automods HATE that. The gall they had to call it spam, when it literally just says this comment has been randomized and deleted. And it was 13 or 14 years of thoughtful contributions. Like Reddit owns my contributions. I’m autobanned from most of the major subs for redacting all my content.

  • foggy@lemmy.worldEnglish
    0·
    11 days ago

    It’d be a lot more awesome if the s&p 500 weren’t currently at a 30 day low point, too 😕

  • mechoman444@lemmy.worldEnglish
    0·
    11 days ago

    It’s always amusing watching people celebrate a stock declining as though they’ve just scored some monumental ideological victory. Maybe take a moment to understand what’s actually happening before congratulating yourselves.

    First, Reddit is still a remarkably profitable company. Its latest quarterly results showed $895 million in revenue, 53% year-over-year growth, $283 million in net income, and $363 million in free cash flow. These are not the financial indicators of a company that’s falling apart.

    Second, the stock decline has very little to do with Reddit’s IPO, Steve Huffman (Spez), or some imagined moral reckoning with the company’s leadership. The immediate catalysts are considerably more mundane: concerns about slowing user growth, declining referral traffic from Google as its AI search products evolve, and fourth-quarter revenue guidance that came in below Wall Street expectations.

    Those are legitimate business concerns, and investors are responding accordingly. That’s how the stock market works.

    You can dislike Reddit, dislike its management, disagree with its policies, or have whatever ideological objections you want. That’s perfectly reasonable. But pointing at a stock price declining by 30% and treating it as some kind of victory over the company, without understanding the underlying financial circumstances, is just adolescent and intellectually lazy.

    A stock price declining doesn’t automatically mean a company is failing, any more than a rising stock price automatically means a company is succeeding.

    Honestly, the whole exercise just demonstrates how little some people on this platform understand about business, corporate finance, or even the basic mechanics of the stock market.

    Teehee my ass. Y’all are like cavemen staring at a lighter.

    • Almacca@aussie.zoneEnglish
      1·
      9 days ago

      Honestly, the whole exercise just demonstrates how little some people on this platform understand about business, corporate finance, or even the basic mechanics of the stock market.

      And I intend to keep it that way. It’s a religion for psychos.

      That said, thanks for the explanation.

    • Imgonnatrythis@sh.itjust.worksEnglish
      0·
      11 days ago

      “Tee hee” as in light hearted schadenfreude capturing and celebrating a moment of poor performance of a pretty awful company that most of us feel spurned by.
      No one is saying there is a grander implication here.

      Relax guy - go hang out on reddit and leave us cave people (we prefer a nongendered term BTW) alone.