Reddit stock soars as company posts fastest quarterly revenue growth in 3 years
https://finance.yahoo.com/news/reddit-stock-soars-as-company-posts-fastest-quarterly-revenue-growth-in-3-years-205631477.htmlOpen linkView original on lemmy.worldSyndicated from the fediverse. Read and engage on the original instance.
View original on lemmy.worldhttps://finance.yahoo.com/news/reddit-stock-soars-as-company-posts-fastest-quarterly-revenue-growth-in-3-years-205631477.htmlOpen linkView original on lemmy.world
24 replies
Literally their earnings are held together by user numbers (AI bots), licensing deals (AI training), and advertising (AI bot users). Reddit is going to be a case study in AI inbreeding if it survives the AI bubble burst.
there's no fucking way. its valuation is entirely dependent on it.
Couldn't AI train from Lemmy for free? Are they doing that already?
Yeah, but there are an order of magnitude more reddit users.
Doesn't Anubis stop that?
Reddit is getting worse by the second.
It's a shame to see it go. I miss old reddit
Me too it used to be great
It's becoming the new Facebook but for middle- to upper-class young people in my country -- self-proclaimed "intellectuals" -- who try avoiding Facebook and its purportedly lowbrow content, so much of the frontpage content are either casuals or showbiz gossip.
Good thing the mass boycott a few years ago had an affect. /s
Ah man
We failed!
We created a vast network of active communities for nothing!
Losing never felt so good.
At this point Lemmy has all I need for news and tech. All that's missing is niche communities. I've considered going back to reddit for that Alone and filtering out everything else, and reposting the best stuff (not memes) here
I've been trying that lately, its not worth it.
They try to block you for VPN use, fuck em
We did it, reddit!
Imo the community moderators completely chickened out. All of them who took part in the boycott should've all left when Reddit didn't budge. Yeah, a few did - and got their mod teams replaced, but imagine if Reddit had to replace entire subreddit teams for hundreds, thousands of well-used subreddits? It would've been chaos as they would've had no meaningful way to determine who would be good fits or not.
Heads up
Most people don't know or care about reddit details. Every post could kick a puppy and people would be like "oh I forgot. But it's where the content is so"
Yeah, getting rid of what they call "calls to violence" posters so as to make the shareholders happy.
Yep exactly this. I was banned last June for saying that I hope the libs of TikTok women would get hit by a bus yet there are people and subreddits that openly call for violence against women, LGBTQ, immigrants etc and nothing is done.
Hopefully spez sleeps comfortably at night.
UPDATE: it aged like milk.
https://finance.yahoo.com/news/reddit-stock-falls-for-second-day-as-references-to-its-content-in-chatgpt-responses-plummet-135203534.html
Fuck spez as always.