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Reddit@lemmy.worldbyfne8w2ah@lemmy.world
11 months

Reddit stock soars as company posts fastest quarterly revenue growth in 3 years

finance.yahoo.com English
25
    Reddit released its second quarter earnings results after the bell Thursday.
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    • Poayjay@lemmy.worldEnglish
      11 months

      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.

        • hypnicjerk@lemmy.world
          11 months

          if it survives the AI bubble burst.

          there’s no fucking way. its valuation is entirely dependent on it.

          • Corkyskog@sh.itjust.works
            11 months

            Couldn’t AI train from Lemmy for free? Are they doing that already?

              • jacksilver@lemmy.world
                11 months

                Yeah, but there are an order of magnitude more reddit users.

                • Twig@sopuli.xyzEnglish
                  11 months

                  Doesn’t Anubis stop that?

              • rafoix@lemmy.zip
                11 months

                Reddit is getting worse by the second.

                  • Fluffy Kitty Cat@slrpnk.netEnglish
                    11 months

                    It’s a shame to see it go. I miss old reddit

                      • That Weird Vegan she/her@lemmy.blahaj.zoneEnglish
                        11 months

                        Same. I got on reddit about a year or two after they launched. Old reddit was the shit. Now it’s just chasing every last dollar they can

                        • Lady Butterfly she/her@reddthat.com
                          11 months

                          Me too it used to be great

                        • NoodlePoint@lemmy.world
                          11 months

                          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.

                        • Skeezix@lemmy.worldEnglish
                          11 months

                          Good thing the mass boycott a few years ago had an affect. /s

                            • [object Object]@lemmy.ca
                              11 months

                              Ah man

                              We failed!

                              We created a vast network of active communities for nothing!

                                • CrypticCoffee@lemmy.ml
                                  11 months

                                  Losing never felt so good.

                                  • Fluffy Kitty Cat@slrpnk.netEnglish
                                    11 months

                                    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

                                      • abbadon420@sh.itjust.works
                                        11 months

                                        I’ve been trying that lately, its not worth it.

                                          • DragonTypeWyvern@midwest.social
                                            11 months

                                            They try to block you for VPN use, fuck em

                                        • gravitas_deficiency@sh.itjust.worksEnglish
                                          11 months

                                          We did it, reddit!

                                        • Skavau@piefed.socialEnglish
                                          11 months

                                          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.

                                          • unconfirmedsourcesDOTgov@lemmy.sdf.org
                                            11 months

                                            Heads up

                                          • jjjalljs@ttrpg.network
                                            11 months

                                            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”

                                            • boaratio@lemmy.world
                                              11 months

                                              Hopefully spez sleeps comfortably at night.

                                              • NoodlePoint@lemmy.world
                                                11 months

                                                Yeah, getting rid of what they call “calls to violence” posters so as to make the shareholders happy.

                                                  • WanderWisley@lemmy.world
                                                    11 months

                                                    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.

                                                  • NoodlePoint@lemmy.world
                                                    9 months

                                                    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

                                                      • fne8w2ah@lemmy.worldEnglish
                                                        9 months

                                                        Fuck spez as always.

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