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Reddit Gone Dark

Celery Man

By Celery Man
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NoName

NoName 16351

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15 minutes ago, FirstTimeCaller said:

Also, how the hell does Reddit lose $90 million in a year? Traffic is all direct/organic, and you have millions of users creating content for free.

it's incredible that they lose that much despite getting MILLIONS per year in free labor from moderators.

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15 minutes ago, Fudge Nuggets said:

The typical Reddit poster wouldn’t make it a week here.

I know that r/Austin makes me hate this city.

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1 minute ago, Rimbo said:

the sort of fan who populates r/CFB make me weep for the future of the sport

I like that sub. What's the issue?

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Rimbo

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31 minutes ago, FirstTimeCaller said:

The deal between Reddit and Google is wild. Late last year, Google pushed an update that seemingly crowned Reddit the king of everything. There's now a "discussions and forums" area in SERP that almost ALWAYS includes two reddit posts and usually a Quora post. Plus, Reddit links are then included in the usual results.

I saw this happen.

I had a post on a small sub with few upvotes ... seven years ago now?

Starting around 3 years ago it started getting comments. Not a ton, but more than you'd expect. I finally asked a guy how he got there, and apparently it was the #1 Google search hit for a pretty common search term + "Reddit." And that steady trickle of comments has remained.

If my career had gone an entirely different path, I might've had the connections to monetize it. But I don't.

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2 minutes ago, FirstTimeCaller said:

I like that sub. What's the issue?

1. "oh no NIL is destroying the sport"

2. generally upvotes where you kiss your rivals' asses. Fuck that shit; all our rivals can EABOD & DIAF eternally

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Celery Man

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I've really never looked at Quora. It feels like one day "Ask Jeeves" rebranded to Quora and nobody really noticed, i assume that anybody answering a question there is broadcasting their response from a ham radio.

On the one hand, I do think that Reddit is the first place to look for non-enshittified reviews. But I would love to read some sort of dunning-krugeresque study on collective wisdom in points incentivized internet discussions. It's fucking wild to read a subreddit on something you are actually knowledgable about, and makes you question the input you see when you're trying to figure out what brand of jigsaw you need or whatever it is. The people in cleaningtips will tell you to put barkeepers friend on literally everything, and the people in lecreuset will tell you that not only can you not use metal utensils, you shouldn't use the rough side of a sponge. In guitar, someone will get upvoted for writing a takedown of Gibson, their piss poor quality control, and how their use of plek machines is idiotic - clicking their post history will reveal a question on how to replace the pickups on their affinity strat with humbuckers.

*barkeepers friend is an abrasive that will harm many surfaces, the whole goddamn point of enameled cast iron is that it is easy and low maintenance, and how to turn your $80 guitar into a different kind of guitar is a question for 14 year olds

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F250

F250 28768

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10 minutes ago, Rimbo said:

generally upvotes where you kiss your rivals' asses. Fuck that shit;

Yeah, r/cfb attracts all the low t college football fans. Talking shit gets you down voted and aggy will down vote the shit out of you for the slightest joke at their expense.

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3 minutes ago, F250 said:

Yeah, r/cfb attracts all the low t college football fans. Talking shit gets you down voted and aggy will down vote the shit out of you for the slightest joke at their expense.

I feel like r/cfb is a big reason why the world has been introduced to the weirdness that is A&M and spread the oddity nationwide.. Seems like those yell leader videos have blown up over there.

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9 minutes ago, Celery Man said:

I've really never looked at Quora. It feels like one day "Ask Jeeves" rebranded to Quora and nobody really noticed, i assume that anybody answering a question there is broadcasting their response from a ham radio.

On the one hand, I do think that Reddit is the first place to look for non-enshittified reviews. But I would love to read some sort of dunning-krugeresque study on collective wisdom in points incentivized internet discussions. It's fucking wild to read a subreddit on something you are actually knowledgable about, and makes you question the input you see when you're trying to figure out what brand of jigsaw you need or whatever it is. The people in cleaningtips will tell you to put barkeepers friend on literally everything, and the people in lecreuset will tell you that not only can you not use metal utensils, you shouldn't use the rough side of a sponge. In guitar, someone will get upvoted for writing a takedown of Gibson, their piss poor quality control, and how their use of plek machines is idiotic - clicking their post history will reveal a question on how to replace the pickups on their affinity strat with humbuckers.

*barkeepers friend is an abrasive that will harm many surfaces, the whole goddamn point of enameled cast iron is that it is easy and low maintenance, and how to turn your $80 guitar into a different kind of guitar is a question for 14 year olds

Quora is really bad. Feels super spammy and hard to read.

Regarding the accuracy of highly voted comments, remember when Reddit "solved" the Boston marathon bombing a few years ago? Oh wait...

Saw this upvoted comment on r/Austin about the primary between Garza and Sylestine:
image.png.ff001dbd6bf7fa902bab192dabb69e70.png

Errr, it's a two-person race. There's not going to be a runoff no matter what happens. Are they just going to revote for the hell of it? Yet this gets upvoted.

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F250

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Just now, FirstTimeCaller said:

I feel like r/cfb is a big reason why the world has been introduced to the weirdness that is A&M and spread the oddity nationwide.. Seems like those yell leader videos have blown up over there.

That makes sense. I think the Jimbo saga really shined a light on aggy over there. There might have been more threads about Jimbo in cfb than Michigan's cheating scandal.

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Rimbo

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30 minutes ago, Celery Man said:

I've really never looked at Quora. It feels like one day "Ask Jeeves" rebranded to Quora and nobody really noticed, i assume that anybody answering a question there is broadcasting their response from a ham radio.

On the one hand, I do think that Reddit is the first place to look for non-enshittified reviews. But I would love to read some sort of dunning-krugeresque study on collective wisdom in points incentivized internet discussions. It's fucking wild to read a subreddit on something you are actually knowledgable about, and makes you question the input you see when you're trying to figure out what brand of jigsaw you need or whatever it is. The people in cleaningtips will tell you to put barkeepers friend on literally everything, and the people in lecreuset will tell you that not only can you not use metal utensils, you shouldn't use the rough side of a sponge. In guitar, someone will get upvoted for writing a takedown of Gibson, their piss poor quality control, and how their use of plek machines is idiotic - clicking their post history will reveal a question on how to replace the pickups on their affinity strat with humbuckers.

*barkeepers friend is an abrasive that will harm many surfaces, the whole goddamn point of enameled cast iron is that it is easy and low maintenance, and how to turn your $80 guitar into a different kind of guitar is a question for 14 year olds

Yes, each sub has its own culture, just like Surly or TexAgs aren't entirely representative of their respective fanbases. Some are good. Some suck.

r/JustRolledIntoTheShop has generally been high quality (the comments section is amazing), and r/AskHistorians is easily the best sub on Reddit.

On the suck side, I've found r/devops and r/sex to both be the blind leading the blind. Of course, all the default subs are ass. I joined r/synthesizers recently and... it's a weird place where physical analog synths are fetishized and actual musical ability is rarely present.

 

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I find it weird how the subs seem to rotate. If you went to the homepage a few years ago, it would be a lot of r/oldschoolcool,  r/dataisbeautiful, r/askreddit and r/todayilearned.

Now it seems like r/antiwork is really common, as is r/facepalm, r/money. 

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NoName

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13 hours ago, FirstTimeCaller said:

Also, how the hell does Reddit lose $90 million in a year? Traffic is all direct/organic, and you have millions of users creating content for free.

Oh my god it literally went to Spez and the COO. 238m total

Fuck Spez

IMG_3905.thumb.jpeg.0ae01e842c43dc313f171cf1b08dcc4b.jpeg

 

 

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When they do CEO comp to average worker pay, is it considered infinite given that mods make nothing?

Imagine having all these mods make your site actually work by moderating the content making nothing while you take home close to $200 million. SMDH.

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Is there another public company that has a large segment of business coming from pornography? I know that Rick's Cabaret is publicly traded. Other than that?

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HRSchenker

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I'm well into group 1 but will not be buying any stock in reddit. If anything I'll be shorting it. Reddit is at the mercy of Google. If Google decides to find a prettier girl to feature on search results, that stock is gonna crash quick. That scam ass site Quora found out the hard way (yes they're a scam, FUCK QUORA and their partner program).

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Thing is, the recent Google update shot Reddit up the rankings. Given that the latest financial were before that update, I do wonder if the first results are going to surprise to the upside.

I don't know that any website has ever seen the sort of boost that Google gave Reddit in the past few months. It's insane.

Edit: I just googled "Best headphones to buy" and Reddit is gone from the first page of results. It's like Google read the article I linked above (https://detailed.com/forum-serps/) and totally reverted.

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Rimbo

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1 hour ago, HRSchenker said:

I'm well into group 1 but will not be buying any stock in reddit. If anything I'll be shorting it. Reddit is at the mercy of Google. If Google decides to find a prettier girl to feature on search results, that stock is gonna crash quick. That scam ass site Quora found out the hard way (yes they're a scam, FUCK QUORA and their partner program).

 

Can't fathom shorting anything unless you're really, really sure about it.

If I buy for $100, the most I lose is finite, and the potential gains are infinite.

If I short for $100, the most I gain is finite, and the potential losses are infinite.

Not saying you're wrong. Just saying the risk/rewards will almost always favor buying.

 

57 minutes ago, FirstTimeCaller said:

Thing is, the recent Google update shot Reddit up the rankings. Given that the latest financial were before that update, I do wonder if the first results are going to surprise to the upside.

I don't know that any website has ever seen the sort of boost that Google gave Reddit in the past few months. It's insane.

Edit: I just googled "Best headphones to buy" and Reddit is gone from the first page of results. It's like Google read the article I linked above (https://detailed.com/forum-serps/) and totally reverted.

How about the boost Yahoo! gave to Google?

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Fudge Nuggets

Fudge Nuggets 19190

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1 hour ago, Rimbo said:

If I buy for $100, the most I lose is finite, and the potential gains are infinite.

If I short for $100, the most I gain is finite, and the potential losses are infinite.

I've never seen a stock go to infinity, but I've seen a shit load of them go to 0.

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Rimbo

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18 minutes ago, Fudge Nuggets said:

I've never seen a stock go to infinity, but I've seen a shit load of them go to 0.

That's beside the point. There's no limit to your potential gains on a buy. And if a stock goes to $0, your losses are only what you spent if you buy... and your gains if you short are limited by what you got in the start.

It's just basic grade school math, but the implication is that you really have to be careful about shorts vs buys.

Now, of I get the opportunity to buy Reddit stock, will I? Whole nother question.

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Rimbo

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5 minutes ago, BeardIP said:

Reddit's initial public offering, expected this week, is four to five times oversubscribed, Reuters reports, citing anonymous sources. That indicates the social platform is likely to hit a hoped-for valuation of $6.5 billion in its market debut. Founded in 2005, the company has never been profitable. It's aiming to raise $748 million and reserving a tranche of shares for its users. Just ahead of the IPO, Reddit disclosed that the Federal Trade Commission has launched an inquiry into its licensing of user-generated content for training artificial intelligence models.

https://www.reuters.com/markets/deals/reddits-ipo-much-five-times-oversubscribed-sources-say-2024-03-17/

i guess this means i will NOT be getting my 30 shares

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Rimbo

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Rich? No, but I'm worth about $300 more on paper today than I was yesterday.

Wasn't ever going to risk serious money on this, but if I make enough to be able to, say, buy myself a new speaker for my bass amp and some clothes for my daughter and expensive French chocolates for the wife and a new CPU cooler for my son...? That's a win right there.

reddit needs to go up another couple dozen bucks before I can even buy so those things, but what can ya do

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NoName

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51 minutes ago, HRSchenker said:

RDDT is now trading below its IPO price lmao

anyone who is holding on to reddit stock, or expecting that dumpster fire of an executive team to turn it around are out of their minds.

 

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53 minutes ago, HRSchenker said:

RDDT is now trading below its IPO price lmao

huh? I see $45 as today's low. IPO price was $34.

Unless you mean the price it started trading at.

I'm really glad I sold when I did. Got lucky.

3 minutes ago, NoName said:

anyone who is holding on to reddit stock, or expecting that dumpster fire of an executive team to turn it around are out of their minds.

 

I think a lot of folks are shorting it out planning to short it.

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