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Reddit stock price has been going up since the IPO I believe not as a result of user or ads growth but because they've been selling data to AI companies for tra
by tmpz22 2y ago
Reddit stock price has been going up since the IPO I believe not as a result of user or ads growth but because they've been selling data to AI companies for training.
IMO the quality of Reddit's product has never been a pillar of its valuation.
- BizarroLand 2y agoThat was the sole reason why I deleted my account. I know it was too late, and there's a backup out there of everything I posted, but having the stories I wrote and the jokes I told and the essence of the communities I posted in completely devalued and turned into a quick buck broke my heart. To a certain degree, I get it, but for a website that is built entirely on user interaction and input, not even giving the users the opportunity to weigh in? That was despicable. Looking back, I would have paid $5/month to own my posts and keep reddit what it was, but we never even got the option.