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fne8w2ah@lemmy.world to Reddit@lemmy.worldEnglish · 2 days ago

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

finance.yahoo.com

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

finance.yahoo.com

fne8w2ah@lemmy.world to Reddit@lemmy.worldEnglish · 2 days ago
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Reddit released its second quarter earnings results after the bell Thursday.
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  • Poayjay@lemmy.world
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    2 days ago

    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.

    • Corkyskog@sh.itjust.works
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      18 hours ago

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

      • jacksilver@lemmy.world
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        8 hours ago

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

      • Twig@sopuli.xyz
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        17 hours ago

        Doesn’t Anubis stop that?

    • hypnicjerk@lemmy.world
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      1 day ago

      if it survives the AI bubble burst.

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

  • rafoix@lemmy.zip
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    2 days ago

    Reddit is getting worse by the second.

    • Fluffy Kitty Cat@slrpnk.net
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      2 days ago

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

      • That Weird Vegan@lemmy.blahaj.zone
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        1 day ago

        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

  • Skeezix@lemmy.world
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    2 days ago

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

    • unconfirmedsourcesDOTgov@lemmy.sdf.org
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      11 hours ago

      Heads up

    • panda_abyss@lemmy.ca
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      2 days ago

      Ah man

      We failed!

      We created a vast network of active communities for nothing!

      • gravitas_deficiency@sh.itjust.works
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        1 day ago

        We did it, reddit!

      • CrypticCoffee@lemmy.ml
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        2 days ago

        Losing never felt so good.

      • Fluffy Kitty Cat@slrpnk.net
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        2 days ago

        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
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          1 day ago

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

          • DragonTypeWyvern@midwest.social
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            12 hours ago

            They try to block you for VPN use, fuck em

    • Skavau@piefed.social
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      1 day ago

      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.

  • jjjalljs@ttrpg.network
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    2 days ago

    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”

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