Short selling, Wallstreet thing for making money when the stock. It kinda works like borrowing a stock and immediately selling it, then we it’s time to return the stock you borrowed you buy a replacement and if the price has gone down you keep the profit.

Some huge validation. It’s not profitability. It’s does it make sense. Many companies forgo profit for growth. That’s common. Wework never made sense at its valuation to me.

Same with Resdit. What is reddits path to profitability ? What value does it create? With their admins and mods being dipshits. It’s a liability to a company and not an asset. I would never buy from a company advertising on Reddit.

Imagine reddit causing The Great Depression 2.

To me it’s a sign of how out of whack the stock market is right now. Lemmy created the Reddit experience at a fraction of the cost. Yet Reddit spends millions a year doing it.

It has no profit, no path to profit and most the users are bots. If advertisers paid attention, they’d realize it’s with next to nothing

$5 + tree fiddy?

Only if their DMM enables options. There are many stocks without options. In that case, the only alternative would be to borrow shares from your broker and sell those shares instead. You’d then have an actual short position that could be recalled by the lender.

Either ways, I’d probably not touch it. I wouldn’t want the theta burn or the risk of getting recalled while price actions tries to figure out a direction.

I was told reddit has already been scraped for AI and all sorts of stuff. There is very little new value to sell.

Yeah, people don’t really care about decentralisation nor federation. People want an easy experience where everyone is

Regular people didn’t know or care wtf reddit was for quite a while also and there absolutely is a building friction between people and corporate social media. We’re in the early stages for now, but stuff like Activitypub is not going away.

Sadly I’ve found a few of those on Lemmy already. What I’d prefer is the internet of the 1990s when it took effort to figure out and the masses were too lazy or dumb to do so.

And that sweet, sweet dialup modem sound.

Probably an unpopular opinion here, but honestly I’d rather just everyone migrate to lemmy and mastodon and leave reddit and twitter broke and empty husks. A low quality federated platform is still better than a mediocre centralized one.

90% of the kind of content you’re talking about can be removed by blocking a couple of domains and a handful of users. I believe that they’ve been defederated from most of the larger instances. You will run into a lot of hot takes on lemmy but that’s not too different from reddit.

I think there’s a few reasons why they may be more prominent on lemmy, though. Communities like r/politics took a while to stabilize and had a large and active moderation team that helped remove the most extreme material, and the community itself was large enough that it was representative of a large swath of the US population. Hot takes would often get downvoted into invisibility, which frustrates people who use forums for trolling, and karma could be used to restrict posting. AFAIK those are not qualities or capabilities currently found on lemmy. I haven’t really read the docs - I prefer to just be a user here - but I have seen discussions that indicate that downvotes don’t get tracked as well as suggestions they be removed altogether.

Also, a new technology - especially one associated with sectors of the FOSS community and anti-centralization - are by their nature going to attract an initial user base that skews in certain directions. I think it was Eric Raymond who observed that hackers, politically, tend to be either socialists or libertarians with very little in between. ESR was being a bit tongue in cheek and the hacker culture back then was different than it is now - or rather computer culture as a whole has expanded so much that the old school hacker types form a much smaller percentage.

I think the most problematic part about lemmy which will ultimately limit its adoption is the chaos that comes in from having dozens of communities across dozens of instances that all cover the same topics. It makes discovery much more challenging than it is on Reddit, and it doesn’t help that many of the clients can make it challenging to identify which topics are actually the most used. One of my favorite clients keeps defaulting to ordering by a most recently created timestamp or something - I’m not really sure. It doesn’t have the support to sort or filter by number of users (although it displays the metric).

The other issue is that I end up having to remain on All rather than just my subscriptions because there’s so few users, so I end up with a ton of random anime, for instance, which I can’t effectively block because they’re all posted in new subs that crop up all the time, and I can’t block using wildcards (which would help a lot).

I do hope that between the lemmy devs and the app devs, they can address those issues.

People having to get used to people is common. If they can get used to their uncle talking about how the earth is flat I’m sure they they can get used to people on Lemmy.

I don’t recommend lemmy because I don’t have conversations about social media sites with people.

Yeah, way better to stay on Facebook and Nextdoor and deal with actual literal fascists.

For me, it was politics that sank Reddit. I was banned from a half dozen news forums for criticism of the IDF in Gaza at the beginning of what most people now acknowledge to be an ethnic cleansing. I reported every account calling for murder and genocide of Palestinians, which is against the Reddit TOS. They permanently banned me for “report abuse” for doing their jobs for them. They have obviously shown that there’s no freedom of speech, even when you follow the rules, if it goes against the feelings of the administration and the unelected moderators. Fiefdoms ruled by angry internet trolls shouldn’t get an IPO.

It lacks diversity.

I think what you really mean is that you don’t feel like you fit in here.

I’ve never used Mastodon, but from what I’ve heard it’s an entirely different ballgame where you basically need to go where the people are. e.g. artists seeking commission work need more rather than less people, and if you want to follow a particular someone, you go to where they are not the other way around.

And if their servers have anywhere close to the level of technical glitches that we do here on Lemmy… well it is quite off-putting, especially to non technically minded people.

Really? It was more work to find and occasionally add communities than it was to spend months-years to accumulate subs for your frontpage and block subs for all? I browse all on lemmy and find new communities that way. Or by links and referrals for newer ones.

No it does not indeed.:-|

It’s worth noting that Reddit changed too, permanently, both in terms of ease of use (not only 3rd-party apps, but also the mobile and desktop browser routes too) and in how many content creators simply left - who knows what they are even doing now (reading books, touching grass, some came here ofc). Even many niche subs over there are empty, dead, or one may consider them dying from lack of interesting content (though those people still there I expect would be resistant to admit that).

And it will be interesting to see how that changes further, the moment they get their IPO and thus can finally kill off old-Reddit, which still allows you to block ads iirc? That will drive additional content creators away. Perhaps they will come here - despite how we are not ready for that.

Anyway, the old Reddit is just flat gone, for many people, and there is no going “back”, ever, even if you wanted to, it’s not there to return to, especially after the IPO changes it still further.

Every dumb move sends a wave of people over to the Lemmyverse, and some of those people stay, building on the community here

What’s Reddit?

Reddit is niche when it comes to social media. It caters to a particular group of people and has its own style of both content and engagement, just like Facebook or Tiktok have their own styles. I would argue reddit is, in some ways, more like an old school forum with a fresh coat of paint. It requires more effort from the user to engage with than some other social media platforms. The content can be a lot “heavier” and it’s not centered around people and/or personalities. To be clear thats something I liked about Reddit but I don’t think it really resonates as much with the average user.

Site visits are just one metric and, while it’s an interesting metric, it doesn’t say much without a lot more context. OK, so a lot of people end up visiting Reddit. Why? Is it intentional? Is it because every third Google result is a reddit post? If so, is it driving further engagement? If not, then that benchmark is worth little. If it is driving further engagement, then something else is wrong.

I love how xvideos comes before x/shitter 😁