Reddit listed on the US stock exchange around a month ago and is already up almost 50 percent.
I'm interested to know is this sustainable and how does a platform like Reddit earn money?
Why Is Reddit Stock up Almost 50 Percent?
BluebirdV on 21/05/2024 - 17:42
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licensing their content to AI companies
Man we're going to have some deadshit numpty AI after this.
You should see what happens to AI when you train it with AI generated content.
https://www.youtube.com/watch?v=ZWvTr5wKGCAAI image generators start behaving very weirdly after the 3rd / 4th iteration and LLM's become completely useless after the 9th iteration.
@scrimshaw: It's just digital inbreeding.
So far I'm not really seeing any 'intelligence' just search algorithms with models to blend the gaps in sentences and audio/visuals.
and stupid people paying real dollars for reddit awards, of which there are a lot
how does a platform like Reddit earn money?
Training data for LLMs
Handing over data to ABC agencies.
I think I read it went up along with meme-stocks like GME and AMC last week, but not sure if it came crashing back down like they did?
‘As for me, I like the stock’
💎🖐️🖐️
🚀🌛to the moon, diamond hands baby, rocket to mars
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PUMP AND DUMP SUCKERS
with ya there, buddy
reddit is a weird place. ok to start with it's constantly in a broken state, something somewhere is broken but I guess that's ok because it's so popular and always needs to be online.
next yes the crypto shilling. even on the menu bar it's like all these normal categories like tech, sports, news.. and then theres CRYPTO! 😐
also I noticed their ads exist specifically to bait you. like if you are on a certain subreddit, they put ads with photos and titles you might think are posts because they are relevant. and they even use the same formatting so ohhh free ad clicks!
most recent dodgy thing I noticed was (I always use skip redirect) one day clicking on pictures would fail to open a page. if I turned redirect off, I saw it redirected me through like 3 different websites with dodgy url's before finally showing me the redit page with picture.
so yes I think it's a giant click farm I'm betting everytime you click on the website it registers ad clicks somewhere.
most recently I keep being dmed by randos with just gibberish which almost looks like a link but isn't. it's not even clickable so I don't know do they expect me to copy paste it into my browser? their comments/posts don't appear to be bots but seems scammy.
Yeah and remember few months ago many subreddit owner protested by not letting new users join, because reddit kills all 3rd party apps
yeah my comment above is just what I find weird before even mentioning the users 😂
but don't you think my 2nd last dodgy point is sus as hell? like if you want to see enlarged picture, you must redirect through random websites otherwise we don't show you. (they recently changed this though they don't show you high resolution page anymore, clicking just zooms in low res thumbnail picture which is like overlay)
And the thing is you cant select to copy paste … trick is to hit reoly first then able to select. Really crap
trick is to hit reoly first then able to select. Really crap
similar thing was recently broken due to new text box design.
you used to be able to select comment text, then click reply which would auto quote what you selected (like the orange line above, that happens automatically). now that doesn't work. always breaking something and fixing something else 🤷♀️ so constantly broken.
@harshbdmmaster718: So when i heard they went ipo i thought wtf who would buy, its just a chat platform but hey…..
@CyberMurning: tbh when I just joined on I found some useful subreddits and learned some good tips from them.
but then I remember one day having my entire character torn apart by some random user who didn't like the way I responded to them. like they were able to describe every detail about how unpleasant rude and my horrible attitude in the way I responded (how can you tell online? 😂) i'm not kidding like a rant 3 huge paragraphs long. like after what I thought was 3 or 4 normal replies they just exploded. anyway I just said sorry and that was over but really weird experience.
If you put all the losers, complainers and unemployed people in Australia in one site, and called it r/australia, you'd replicate reddit
Then take the right-wing racists from that subcategory and you can call it r/australian
and called it r/australia,
of all the subreddits I never thought about searching that. I think it was suggested to me before, but I just thought it was a place people reposted news stories.
It's a place where failed commies whine that their dole payments aren't enough.
@brendanm: ok well I'm not into politics so I don't understand all the terms like left wing right wing commies. I guess it's not the place for me anyway then I probably wouldn't fit in.
@brendanm: can't be worse than x/twitter though right?
wasn't that where all the mass attacks get uploaded/reposted with everyone commenting horrible stuff (like supporting the act or saying stuff like that dumb XXXX deserved it etc).
@harshbdmmaster718: Who knows, Twitter is full of lunatics, I don't look at it or have an account. I've looked at r/Australia out of morbid curiosity. It's just a bunch of losers complaining that their barista qualification hasn't made them rich enough to buy a $5m inner city penthouse.
@brendanm: afaik it's a crime to repost those videos. well at least in new zealand they arrested the people that kept reposting it I think.
@harshbdmmaster718: No idea, not sure posting videos should really be a crime, though I'm not sure what you are referring to specifically.
Reddit isn't exactly a hotspot for racism and the right-wing considering the type of moderation/administration that goes on over there. Remember that /r/TheDonald was banned despite being one of the most popular subs on the site.
I didn't even notice ads while using the app.
yeah because they look just like posts. you are probably just lucky you didn't tap on them then. 😅
I read something about what their value is, the trillions of database of people conversations which can be sold to companies to teach their AI engine to behave like human
I hope it's not learning English from the subreddits I frequent.
You'll be fine, I dont think AI's have step sisters….
The switch hack sub full of teenagers asking how to mod this that lol
@Muzeeb, it's going to be using your MS Paint skills as original content.
on the surface that makes sense until you realise the quality of those conversations is often atrocious in every way possible and doesn't represent the average real human interactions. I would be surprised if any of the AI providers that thought about it for more than a second would place much value on their content.
Reddit just sold a lot of data to AI people. Plus the site could easily be made more accessible and turned into something more like Twitter. Reddit's history is deranged though, it's a giant echo chamber filled with countless smaller echo chambers, and so many users are desperate to control what everyone on the site can and can't do. Reddit hasn't been the bastion for geeks and nerds for a very long time now. The Reddit you heard about a long time ago has been dead for a while now.
yeah r/sydney has probably the worst mods I've ever had the pleasure to be banned by.
made more accessible and turned into something more like Twitter
Yeah thats what they need, a bunch of boomers posting about the "good old days".
They were good tho.
it's a giant echo chamber filled with countless smaller echo chambers
Just like the giant cesspool that is Twitter.
The geeks and nerds are all on Bluesky and Mastodon now, those sites are wildly weird.
Share trading 101 - more buyers than sellers
It's up 50% AND It's almost back to trading at its opening price. It took a massive dive after opening.
Bullish signal
Have you noticed that when you do a search on Google now, a lot of the results point you to reddit forums?
That's because Google struck a deal Reddit to use its content to train AI models. YOU are the product.
YOU are the product.
It's a feedback loop.
Reddit gets good score on the Google search result page because they are mostly written by human unlike many AI generated websites these days. It happens way before Google's license deal with Reddit. I also often add "site:reddit.com" to my google search to avoid those generated websites.
No one (including Reddit) knows how or if they will turn a profit yet.
Ugh I didn't realise it was listed. Some rich kid with an axe to grind will probably buy it.
"how does a platform like Reddit earn money?"
Ads?
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