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Lol, finance (and thus financial reporting) is so braindead.
I’ll summarize the whole article: Why did RDDT crash? “Because the stock price went down. Some people sold the stock, so more people sold it, now the price is lower”
Thanks Yahoo finance, this is the journalism we rely on you for…
This is what people mean when they say they have an economics degree.
People selling the stock does not cause the stock value to lower. For every sale there is a purchase. What causes the stock to lower is people willing to sell for cheaper.
This is semantics, because that’s the same thing.
If you want to sell now you have to sell at a lower price, to have your put orders at the top of the stack. So the reason they were selling a lower price was just that they actually wanted to sell.
Sure, you can put an order to sell at some optimistic price, and that won’t effect the stock price, but simply having a put order on a stock is not actually the same as wanting to sell. People actually wanting to sell now lowered the stock price.
Everything of value on Reddit was posted by people who have left
A lot of those people left for here
I recently left reddit for lemmy. More so because of the 51st state bullshit and calling our Prime Minister a governor, rather than the tariff’s and buy Canadian. Most of what I posted on reddit had no value and I hope to continue that honourable tradition here.
The content is so repetitive, likely because they drive engagement by reposting content with bot accounts. I still get a major amount of news from there, I can tell it’s value is slowly fading
It’s still good for niches. I am in a couple subs about health conditions, and there are no comparable communities on Lemmy. I haven’t observed the composition or activity level of the groups change at all over the past couple of years.
Disagree, as somebody that started on reddit 15 years ago who now browses Lemmy daily, I still read and post there more because there is more content and discussion.
People that say otherwise are living in a Lemmy or bluesky bubble
Be part of the change. Your “discussion” is with bots over there
Because it’s trash?
Somehow it’s both under-moderated AND over-moderated
Reddit is going to quickly be replaced by AI, leading to the question: what data will AI train on after that?
My conspiracy theory is that the recently popular ExplainTheJoke and PeterExplainsTheJoke subreddits are being used to train the AIs to understand the context behind memes.
My husband still browses Reddit regularly and when I asked him about this he said that the r/tattoos has definitely been taken over by AI training. A lot of the posts there are photos of tattoos with generic questions like “what is this style of tattoo called” or “how long would a tattoo like this last”. The only useful results I’ve found recently are from years ago, and even then a lot of searches lead to discussions with a ton of deleted responses.
Reddit crashed on Monday because Hoffman thinks he can fuck with investors like a trillionaire can. Do I need to put the clap hands in between all the words, too?
