140
Reddit is profitable for the first time ever, with nearly 100 million daily users
(www.theverge.com)
this post was submitted on 30 Oct 2024
140 points (100.0% liked)
Technology
37742 readers
491 users here now
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.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
apparently, the path to profitability was "shamelessly sell out on AI hype bullshit"
Well and behind it is stealing other peoples' work (posts and comments, moderation and administration) and selling them as yours. The oldest capitalist criminal trick in the book: privatization AKA primitive accumulation AKA enclosure of the commons.
I mean, to be fair, I'm nearly positive that the Reddit T&Cs will have said they retain rights to anything posted there for ages. And the AI bubble is already showing signs of deflation or bursting coming not too far down the line. Let them enjoy their first and hopefully only profitable year.
No one is arguing that they don't have the legal right.
But they believe they have the moral right, and they do not.
I never was arguing against that. Also I'm pretty sure their moral compass was pushed by the feds until he topped himself, so nothing about their bullshit has surprised me since.
It doesn't really matter because there is not much content to train AI on in a worthwhile manner. The huge amount of content is mostly hostile retorts, and sarcastic meme banter. AI will be a mess after training on that
A few years ago I started a blog where I can post lengthy stuff instead on Reddit. To have more control over my own posts and without the mercy of Reddit or any moderator. Little I did knew this was the best decision I could make, after I saw what happened after Ai hype. (I'm not much active, but still, the principle counts.)
Anyone deleting their content there thinking this will avoid selling to Ai is probably a mistake. Because now Reddit can sell those deleted content from their backup (I assume they have backups...) and no normal user can access the information anymore, which hurts the normal users even more than any Ai or Reddit.
I encourage everyone to start a blog and at least post the deleted stuff there for future access. At least you have more control this way.
TBH, it feels like social media always needed some back door business like this to make it profitable.
It's almost like human communication is not supposed to be a product or something...
Which is a good reminder to everyone to support your local Lemmy instances.