You are viewing a single thread.
View all comments
32 points

Admitting that “Unlike some of the 3P apps, we are not profitable.” just shows to the world, that they don’t know how to run a business. This should be warning shot for every investor.

permalink
report
reply
12 points

When i read that i was honestly astonished how they expected anyone to invest in reddit at all

permalink
report
parent
reply
7 points

Exactly! I’m not a rich investor person, but nobody with a brain would invest in a company bleeding money, and that was such a terrible move to admit. If their PR isn’t a half-working AI after firing all those people, they should’ve been horrified between that and the Christian Selig/Apollo comments.

You also can’t count on Reddit becoming a meme stock, especially with absolutely zero regard for the users who make these meme stocks happen.

permalink
report
parent
reply
2 points

This whole thing is all about trying to monetize user-generated content by selling it at a high premium to large AI companies. If they allow a lower pricing tier for 3pa’s, other companies/individuals will find a way to use that lower tier for training models, and this is the only thing spez sees as a viable profit model for reddit.

permalink
report
parent
reply

Technology

!technology@beehaw.org

Create post

A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.

Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.

Subcommunities on Beehaw:


This community’s icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

Community stats

  • 2.8K

    Monthly active users

  • 3.5K

    Posts

  • 82K

    Comments