Reddit stock tumbles the most on record as lack of new AI deals, US daily users metric disappoints

CEO Steve Huffman said, “These deals aren’t binary. They have to make sense for Reddit, but there are many ways, I think, for the value to return to Reddit.”

lol - “The value has left Reddit”
-/u/spez

Who could imagine when you piss off:

1. third party devs who make the apps your best contributers use
2. your unpaid content creators
3. your unpaid moderators

…that the “value” would leave 🤣

Yep, it was the API thing that finally did it for me, but looking back, I should have seen it coming after all of the other stuff.