3 ms·

Reddit going public (again) is such a weird and egregious destruction of any value that reddit had left. It’s like Wikipedia going public with the expectation

Reddit going public (again) is such a weird and egregious destruction of any value that reddit had left. It’s like Wikipedia going public with the expectation that it would continue to hold any value going forward. The proposition can’t hold true.

passwordoops 3y ago
Gotta cash in on the AI hype while you can! I figure the price will track the AI bubble, so probably go up, then crash and burn when investors realize LLMs are good tools, but not $30 a month good to most business clients. But the execs and board will make of quite handsomely by then
- JumpCrisscross 3y ago
  > Gotta cash in on the AI hype while you can Reddit is among the most-trafficked websites on the planet. Its value has little to do with AI and everything with attention.
  - passwordoops 3y ago
    2010 called, they want their social graph back: https://www.reddit.com/r/privacy/comments/1atb6ac/reddit_has_a_new_ai_training_deal_to_sell_user/ https://www.reddit.com/r/privacy/comments/1atb6ac/reddit_has... https://techcrunch.com/2024/02/22/reddit-says-its-made-203m-so-far-licensing-its-data/ https://techcrunch.com/2024/02/22/reddit-says-its-made-203m-... https://www.cnbc.com/2024/03/15/ftc-investigating-reddit-over-ai-data-licensing-practices-ahead-of-ipo.html https://www.cnbc.com/2024/03/15/ftc-investigating-reddit-ove...
    - JumpCrisscross 3y ago
      > 2010 called, they want their social graph back Attention sells ads. A social graph is something else. About as relevant as yelling about AI potential. Maybe it’s there. But again, a separate argument.
  - pennybanks 3y ago
    forsure. I think it was like top 3 recently. i dont know if the numbers came out but the deal with google to let them use data to train their AI had to be a pretty penny tho.
    - pbhjpbhj 3y ago
      This is certainly an issue, that companies can sell other people's IP in this way, ie sell UGC. Seems like a loopholes that civilised society should close.
  - Grimblewald 3y ago
    which is incidentally why the entire place is a barren content wasteland these days, full at first glance but quickly becomes apparent it is just astroturfed to shit, with every comment thread being bombarded by various companies and political groups' pr goons or LLM powered bots trying to sway public opinion.
    - deleted 3y ago
      [deleted]
    - smcl 3y ago
      I never had a great deal of love for reddit but "the entire place is a barren content wasteland" is a pretty sweeping generalisation that you cannot possibly be in a position to make. I only hang out on a couple of subs and they're lively, full of nice characters, and well-moderated. I'd be very surprised if I have somehow discovered the only oases of normality in a barren content desert. I have noticed that any time I encounter a post from an r/{placename} sub, it appears to be full of the most irritating, racist shit-stirrers but I just steer clear of those subs altogether.
      - Grimblewald 3y ago
        The problem is you need to wander from oasis to oasis, as oppose d to circumnavigating shitholes. To me that seems like a wastelnd.
        smcl 3y ago
        This metaphor is getting a bit tortured and depends on me - having stumbled randomly into a few subreddits that are cool - being a statistical anomaly. I dunno, enjoy the site or don’t - no skin of my nose either way - but your experience is certainly not universal.
    - brandall10 3y ago
      I only use it for either enthusiast related things (audio/fashion/sports discussion/tv shows) or for general research, like travel planning. I've never noticed this type of activity, so it's definitely not the "entire place". I assume this is largely relegated to the top level subreddits? I have mixed feelings about all the crap going on behind the scenes with this company. For the most part, it's been the only place I can get relatively unbiased takes and info outside of more specialized enthusiast forums.
  - Ekaros 3y ago
    That is meaningless if you haven't in nearly two decades found effective way to monetize that traffic.
    - JumpCrisscross 3y ago
      > meaningless if you haven't in nearly two decades found effective way to monetize that traffic Sure. Not relevant in the context of $800+ million of revenue [1]. [1] https://www.sec.gov/Archives/edgar/data/1713445/000162828024006294/reddits-1q423.htm https://www.sec.gov/Archives/edgar/data/1713445/000162828024...
  - HDThoreaun 3y ago
    Reddits ad system blows. They havent monetized shit other than selling data to AI companies, so yes, its value is very dependent on how much those companies will pay at the moment.

passwordoops 3y ago

Gotta cash in on the AI hype while you can! I figure the price will track the AI bubble, so probably go up, then crash and burn when investors realize LLMs are good tools, but not $30 a month good to most business clients. But the execs and board will make of quite handsomely by then

JumpCrisscross 3y ago
> Gotta cash in on the AI hype while you can Reddit is among the most-trafficked websites on the planet. Its value has little to do with AI and everything with attention.
- passwordoops 3y ago
  2010 called, they want their social graph back: https://www.reddit.com/r/privacy/comments/1atb6ac/reddit_has_a_new_ai_training_deal_to_sell_user/ https://www.reddit.com/r/privacy/comments/1atb6ac/reddit_has... https://techcrunch.com/2024/02/22/reddit-says-its-made-203m-so-far-licensing-its-data/ https://techcrunch.com/2024/02/22/reddit-says-its-made-203m-... https://www.cnbc.com/2024/03/15/ftc-investigating-reddit-over-ai-data-licensing-practices-ahead-of-ipo.html https://www.cnbc.com/2024/03/15/ftc-investigating-reddit-ove...
  - JumpCrisscross 3y ago
    > 2010 called, they want their social graph back Attention sells ads. A social graph is something else. About as relevant as yelling about AI potential. Maybe it’s there. But again, a separate argument.
- pennybanks 3y ago
  forsure. I think it was like top 3 recently. i dont know if the numbers came out but the deal with google to let them use data to train their AI had to be a pretty penny tho.
  - pbhjpbhj 3y ago
    This is certainly an issue, that companies can sell other people's IP in this way, ie sell UGC. Seems like a loopholes that civilised society should close.
- Grimblewald 3y ago
  which is incidentally why the entire place is a barren content wasteland these days, full at first glance but quickly becomes apparent it is just astroturfed to shit, with every comment thread being bombarded by various companies and political groups' pr goons or LLM powered bots trying to sway public opinion.
  - deleted 3y ago
    [deleted]
  - smcl 3y ago
    I never had a great deal of love for reddit but "the entire place is a barren content wasteland" is a pretty sweeping generalisation that you cannot possibly be in a position to make. I only hang out on a couple of subs and they're lively, full of nice characters, and well-moderated. I'd be very surprised if I have somehow discovered the only oases of normality in a barren content desert. I have noticed that any time I encounter a post from an r/{placename} sub, it appears to be full of the most irritating, racist shit-stirrers but I just steer clear of those subs altogether.
    - Grimblewald 3y ago
      The problem is you need to wander from oasis to oasis, as oppose d to circumnavigating shitholes. To me that seems like a wastelnd.
      - smcl 3y ago
        This metaphor is getting a bit tortured and depends on me - having stumbled randomly into a few subreddits that are cool - being a statistical anomaly. I dunno, enjoy the site or don’t - no skin of my nose either way - but your experience is certainly not universal.
  - brandall10 3y ago
    I only use it for either enthusiast related things (audio/fashion/sports discussion/tv shows) or for general research, like travel planning. I've never noticed this type of activity, so it's definitely not the "entire place". I assume this is largely relegated to the top level subreddits? I have mixed feelings about all the crap going on behind the scenes with this company. For the most part, it's been the only place I can get relatively unbiased takes and info outside of more specialized enthusiast forums.
- Ekaros 3y ago
  That is meaningless if you haven't in nearly two decades found effective way to monetize that traffic.
  - JumpCrisscross 3y ago
    > meaningless if you haven't in nearly two decades found effective way to monetize that traffic Sure. Not relevant in the context of $800+ million of revenue [1]. [1] https://www.sec.gov/Archives/edgar/data/1713445/000162828024006294/reddits-1q423.htm https://www.sec.gov/Archives/edgar/data/1713445/000162828024...
- HDThoreaun 3y ago
  Reddits ad system blows. They havent monetized shit other than selling data to AI companies, so yes, its value is very dependent on how much those companies will pay at the moment.