Would be kinda funny if Digg consumed reddit's userbase after so many people having come from there in the early days.

That looks overvalued by about $228.495

what's next? Geocities?

For context, one year:

Those are rookie numbers. We gotta pump that stock DOWN

These things have value out if nothing

it’s not down because of digg, literally no investor cares about digg. It’s down because ad spending is down. Ad networks are spending steady on places like google and meta but they’re spending less on reddit.

Apparently this is because reddit sucks at the targeted ad game part and the advertisers feel they get a better return by just building a presence on the platform (eg bots that go “oh that’s cool. By the way have you tried the new Taco Bell™ PepsiCo™ Shitbowl®, now with 10% less petroleum byproducts?”).

This likely means they will become more aggressive about data collection and backend analysis of that data to get conversions up but they’ve been doing this for ages already. Reddits staff ballooned up long before the API fiasco and most of the hires were related to analytics. It only works if they can shift the culture away from nerd haven (aka people with adblockers who despise being advertised to and won’t click through) to facebook grandmas and ig normies that apparently love clicking ads.

They’re at least somewhat successful: while I and most of the people on this platform have shifted away from reddit they aren’t bleeding users like you want to believe. They’re not seeing exponential growth either, but they are seeing shifts to some of those populations. Anecdotally I have several family members in their 40s and 50s who were known for facebook drama and they are adopting tiktok and reddit nowadays. They eat up the obviously fake shit on relationshipadvice and places like that bc they’re primed from spending all day scrolling ig and youtube shorts to just digest content without any questioning of veracity and they ultimately love the outrage cycle.

So it's only up by about 400% instead of 410%.

As a reminder, that any social network can be captured, if it relies on central control.

But competition is good at least.

That same post on Reddit was what encouraged me to look for alternatives. So here I am...

Totally forgot about digg, did not even know it was making a comeback. It even has the old logo on it, holy nostalgia

BBS Prodigy CompuServe Slashdot Fark Kuro5hin Digg Reddit Lemmy Digg?

Say it ain't so

Well, I guess the diggers pushed it down this time. Still not joining, but I'm glad for the impact.

Bring as many good Reddit users to Lemmy or Piefed and make it go down to zero.

Unfortunately probably temporary. Digg is very unlikely to be a better reddit. They dont have the content or the users.

https://digg.com/?feed=all-digg - for folks like me.

I wonder if my Digg username still exists...

i did make my script that cross posts from redddit yesterday so that might have something to do with it

The dumb thing about these tech company evaluations is they're always based on a degree of future growth that could never possibly happen.

Even after this big plummet it's still got a price:earnings ratio of 145 (by comparison, most others industries have PE ratios around 15-30), which suggests there's a lot of people who think that Reddit is going to find some magic way of growing by a factor of 10, despite its current brief spurt of profitability only being the result of them burning a ton of goodwill.

Terrible UI. I have no idea why people put up with those fake divs that take forever to load in.

Digg? What year is this.

Diggnation on revision 3 before YouTube existed

Love this!

Great, but still fuck Kevin heart.

Usually that's an initial scare. People should observe the tendency, which should reflect the forum's momentum, which could take a few days.

Checks the P/E

106

Still absurdly overvalued. Let me know when it gets under 20

Will digg federate?

digg... A blast from the past!

Wow, not a lot of engagement going on.