Reddit stock tumbles the most on record as lack of new AI deals, US daily users metric disappoints
2 months ago by themachinestops to c/technology
Yep, it was the API thing that finally did it for me, but looking back, I should have seen it coming after all of the other stuff.
and now its filled with prop bots, bots/spammers(for thier own sitess) and AI reposting bots.
Gonna tell my kids this app is Apollo and pour one out for those that didn’t make it.
Remember when YouTube started having AI narrated posts from r/askreddit in its shorts? And how that slowly morphed into the AI generated slop stories about how one family member give the rest of them their comeuppance because the Henderson account valued results instead of random cheap business practices involving Sgt Menendez and his cheating ex girlfriend?
(This stuff is like candy to Boomers because it mirrors the reader write in sections of Reader's Digest.)
I should have noticed this earlier, but it dawned on me a few weeks back.
Caught my father in law who's addicted to youtube watching a video about some WWII pilot that knew how to shoot at enemy fighters from his time hunting hogs in Kansas. It was entirely AI generated, the video, the voice, and the narrative. That person didn't exist and it didn't survive scrutiny if you know anything about guns. But damn the comments were just boomers gooning over military wank.
the comments were likely Ai generated bots too.
I never did like the "bullseye womprat" logic.
lemmy has been talking about this for like 3 years now. you people have nothing new to say 😅️
Reddit never was the same after the whole API/Mod fiasco. Many subreddits simpy died. Old users that made the site what it is left and there were new ones, but the whole vibe shifted.
it wasnt the same when they used the banhammer on "illicit subs" during trumps first turn, every sub just had political elements in after that, and that was the same time russia started thier trolling, and the bannings began then.
The vibe is still similar in some places. I get a lot out of lurking on some of the trans subreddits for instance. But yeah, anything outside of small niche communities has been enshittified into another Instagram.
I actually got an award as being in the top 1% of reddit karma earners for 2022.
In 2023 they banned me because I didn't buy stock when it was being introduced.
You'd think they'd want me there. Creating content. For free. I'm sure they thought I'd just create a new account. Nope. I just came here.
Weird thing is, I've had two main running jokes for years. One is being obsessed with corn. The other is calling George Clooney a smug bastard.
George Clooney really is a smug bastard.
2023 they banned me because I didn’t buy stock when it was being introduced.
I had several mod accounts (smaller subs - I made new accounts for each one) and didn't buy any stock. Wasn't banned. Did they explicitly say this to you?
OH NO! CAN'T CREATE A NEW ACCOUNT!!! ThAt'S bAn EvAsIoN!!!! (autistic screeching ensues accompanied by excessive farting noises)
Revenue of $804.9 million beat estimates of $731.8 million. However, US daily active users came in at 53.2 million, just shy of expectations of 54 million. The company's total daily active users grew by 18% to 130.3 million versus estimates of 130.07 million.
reddit is fine
I want that sticker!
Thanks!!
....wait its gone :( darn.
Sorry, was in a hurry to GTFO of work when I posted, but yes, it was a limited run on etsy. I'd reach out to the maker and ask for them to do another run though.
Have an awesome weekend!
Firing Victoria was the beginning of the end.
( ͡° ͜ʖ ͡° )
He sees the content and interacts with it on his own instance so he is not in fact "here". Unless you are trying to somehow claim ownership of this community because it's hosted on the lemmy.world instance.
I don't browse Reddit since I switched entirely to Lemmy the day the API migration happened, but I did still reluctantly have to reference reddit on occasion. Now I can't even do that for niche issues I run into. I am so upset that millions of people donated their time and energy into making Reddit the place it was just to have all of that entirely gated off. I know we're likely all in the same boat, but there really are no words for what spez did. He ruined a really great place for community and knowledge and turned it into a slop fest.
but there really are no words for what spez did.
Profited. That's the word.
Good ole Expert Sex Change. I haven't thought about that site in years.
There are reddit front ends you can access. Won't let you actually participate, but if you just need to access a page for info, they work.
My usecase is this: To see what both they, the people in power want us to see, and to see what users say in reaction to it. I see a lot of luigiposting on the comments, a lot of pro-socialism, a lot of pissed off reactions to bad corpodem takes, and I see way, far less pro-Trump or even middling takes on the front page, at least. I'm sure there are still righty/tankie subs, but it ain't 2024 anymore.
You guys scarecly change your opinions, most of us are leftists, were when we got here and if we werent, we are now, in some shade at least. Reddit goes in flux a lot and seeing how much bluer their community is than 2024 does make me grin a little.
Let’s mods indiscriminately block users for arbitrary reasons; why do we keep losing users??
People have been reporting it quite a bit. If i were to guess A/B testing.
It depends on your location and who you are.
A while back, I did an experiment. Reddit started asking me to log in to scroll, so I closed the window and didn't try again that day. Next day, I tried to scroll reddit and the login to view popup appeared again. So I closed the window and didn't look at reddit for a week. After a week, I went on reddit and magically it no longer worried about me logging in...for about a month.
They do A/B testing where they put one feature in front of some folks and a different feature in front of others so they can gather data about what people will and won't tolerate. Between that and the massive tracking they do with IP addresses for people going around account bans, and there's no real way to know if they were targeting you through cookies/IP, or if you just fell into different groups.
I don't think they put a lot of thought into what'll that do for some of the subreddits that are for desperate people looking for advice since two people back to back won't get the same advice. There's no way to swap notes, no reddit-of-record, and now all that good advice (and some of it was good) is locked away. It warms my cold dead heart to see their stock tank because they don't deserve the best of their users.
Essentially yes, my thinking was simply that it's A/B/C/D/E/F/G/H...etc testing.
I had reddit accounts in the past, though I deleted them all and stopped participating about 2-3 years ago. My assumption is that my passive scrolling was connected to previous accounts through IP, device ID, proximity to other devices, other accounts, typing cadence, etc., and I fell in the category of "maybe we can entice them back".
I also agree that reddit likely made the decision to sacrifice a lot of high quality low engagement content for the purposes of mass market engagement farming. It's sad as shit. I've got copies of wikipedia from back in the day, but I never thought to download reddit.
Edit: Uhh, maybe there should be a group doing annual backups of lemmy. It's a nice place now, but so was reddit.
Its been hitting me. Can't use old.reddit without logging in and new reddit is an abomination.
I can scroll comments for about a minute before that pop-up comes up saying you need the app. But I rarely visit reddit anymore unless it's something I need some information on that I can't find anywhere else.
I had that for a while. Then yesterday I got a lockout message.
I get blocked now in a regular browser, but not in an anonymous browser.
If i cared more, I would make a scumbag spez
For real, this recent change sucks ass
Makes sense, Reddit feels like a shell of it's former self.
After the apicalypse many subs seems to have died, also the new UI that has been pushed for a decade or so, seems to promote consumption of content and discourage creation of content, further reducing new content.
Reddit has been many, many times by AI companies, why keep scanning if the content stays 98% the same, with most new content being of mostly lower quality, simply due to people posting AI shit.
This was a very predictable outcome.
As soon as Reddit's history got scanned by AI models, it lost 98% of it's future value.
Don't forget that you can't use VPN now, use the web version on mobile, and most accounts gets banned as soon as they are created by the automod.
You also cannot view it without being logged in now. Which gets a groan from everyone in chat when a friend shares a Reddit link.
I have no clue why they decided chasing off users and being less useful was somehow going to help them. Particularly when they were the place to go for huge segments of the population.
Another reason to switch to Android/GrapheneOS.
Firefox (including the one on Android) has extension called libredirect which... redirects to those privacy oriented frontends for lurking.
I was heavily addicted to Reddit and I'm glad they allowed me gradually get off of it with the API (never installed their app) and now blocking read only access (which made me use libredirect).
Given that content quality is also degrading I never felt urge to to use the app, now I don't log in (using the lurking portals makes it more disruptive to leave a comment, I always log in using private tab) and I suspect I eventually will stop using even that (there's only few subreddits that I am still interested in).
You can without being logged in, but not old reddit. If you’re getting the “join the most alive place on the net” (lol) popup, ublock has optional anti-annoyance filters that fix it.
Just within the last week or so old.reddit.com was effectively disabled and stopped working. (I think it might work if you log in, but i quit doing that 3 years ago). It was a nice resource and it’s said that it’s such a shell of what it was. Right when the internet is really needing human voices too
They are only doing one segment of users at a time and I'm guessing their metrics are telling them 90% of those users don't play ball and just stop visiting. I'm guessing they might go back on it in a bit.
Doubtful. It was inevitable that they would do that eventually.
Users using old.reddit are undoubtedly the least valuable users.
They wouldn't turn it off for everyone all at once in order to avoid creating a large number of upset users all at once.
They fingerprint your device, if you get a new phone or reset i (you can restore, just logout on safari and clear cache, use a new user, etc. google automatically logging me back in to an alt that got banned alongside my main got it banned) I'd just quit and find better hobbies, reddit feels like it isn't a waste of time but it really is.
Yeah it is a waste of time and I have been seeing that more since switching back to the fediverse.
Also thanks to the mods of /r/worldnews for helping kick my reddit checking addiction since I got banned and keep getting flagged as ban evasion lmaoooo
Fuck spez and etcetera
Never forget that they killed the API for a mere $60M AI deal.
Like, if spez apologized and restored API access, and made an effort to kick fascists off the platform, I might consider going back. But as is, I will watch with glee as he fucks over everyone stupid enough to buy his IPO.
Besides apologizing and changing course, spez would need to leave before I considered going back. The way he behaved during the API BS ended my capacity to trust him in any way. Reddit as an organization, maybe they can turn things around and return to their purported values, but spez is not an honest person and will do or say anything if it serves his own interests.
60M USD is insanely cheap for that data, remember, it was categorized and structured into threads and subthreads in specific categories, not to mention all different languages already being mostly sorted and ready for consumption.
They could probably have got a few hundred million USD for it if they held out longer.
At this point, I don't trust any corpo platform. If I don't already use it, I don't need it. My efforts go where it matters, not to sites that don't love me back
I swear Reddit started changing as soon as Trump won. I think reddit did such a great job of exposing Republican lies and grifts that some rich ass hole just said we will express interest in investing if you start censoring your content and now here we are
trump the 1st time actually. thats when they started banning heavily, also the same time russia realized reddit was ripe for stoking division/infighting. remember all those subs that were considered illicit by the gop.
/r/the_donald was one of the most active forums pushing Trump.
The r/AskRedit thread that got me banned permanently was asking how people thought the Trump presidency would end. You could tell by the amount of "Post deleted by user" and "post removed by reddit" that the general consensus was that eventually someone would hit the bullseye and finally ventilate this sack of shit's skull. I observed that it's telling that they are so against even discussing threats of violence, that it makes the mods complicit in the crimes of the regime. Fun fact/spoiler alert: The mods did not like getting called out like that.
The_Donald was banned years and years ago.
Along with chapotraphouse but the Donald did quite a bit of damage. I swear the Donald was pushed as a honeypot to enrage users who hate the fucking right to get them to engage and then get banned
In 2020. So way, way too late.
It feels like the decent into fascism started there in general. We need to backlash so hard we make up for lost time and then some. Fuck conservatives for subjecting us to this, and fuck "centrist" liberals foe enabling them every step along the way
Was always going to happen.
The most valuable data is always going to be on open platforms that prioritize ease of use, because that's where people will go. But then the company starts looking at all that data and how much it's worth.
Before they can charge people for it, they have to make sure no one can get it for free. But in doing so chase off the users who were making that content.
Leaving them with a locked down worthless ecosystem.
Nothing is meant to last forever tho, and reddit won't be the last.
reminds me of how Gaia Online's user run economy crashed so hard due to Admin mismanagement that it became a cautionary tale in economy textbooks. https://youtu.be/vyzQnsa8SA0
I actually walked away when i got big into Minecraft and mostly switched to reddit because the Minecraft community is truly gargantuan over there. Infact, it's one of Reddit's main pillars of user engagement and the de facto off game community connection. I rewatched that video and the whole time I was going "Reddit is doing the same thing! Reddit is making the same mistakes! HOLY SHIT HISTORY IS REPEATING!!" When the owners of any social media platform stops listening to their user base, or worse, thinks they know what's "better" for them, it's the beginning of the end. It's like all those Celebrities that start resenting their fans or think they (the fans) OWE them (the celebrity).
Your last paragraph is a major point that I think a lot of people don't think about, and I'm surprised Reddits executive team didn't bail as soon as the AI was finishing the scrapes.
They didn't need to bail since they did the IPO and could just sell their shares. I haven't kept an eye on how much insider selling has gone on but I am sure they all have made bank over this past year, it is public info if anyone feels like looking it up. I would expect if the stock prices continues to tank and stays down you will start seeing executives abandon ship for greener pastures.
They have their own AI, but it’s an eyesore that undermines searching in a mobile browser. They added it after an update further deteriorated the Reddit App experience.
So they:
- further enshittified the app,
- put AI in the search bar.
And that’s within the last year or so.
not to mention the NSFW purge. Like it or not, that was a HUGE part of reddit's success.
I hope they purge piracy, roms, emulation. Currently that is a huge valuable resource, and getting rid of that might lead to those users coming here. Those types of contributors are the ones who add value with their content.
they removed the r/nsfwrandom search string, and banned hundreds of the NSFW subreddits due to "lack of moderation." You can still go to many of them, (that remain) but you have to actively punch the subreddit into your address bar, and then you can only link to other related subreddits through the Subreddits' own link list (which is only up to date if you're lucky). Searching for them is still possible but access is a crapshoot due to the aforementioned subreddit bans.
i heard many of them got purged from another forum. some people make it a business to push or promote thier content/agency on these subs. funny how reddit target these people and not the propaganda bots.
What? I remember years ago when making maps of Reddit community connections was all the rage. On the maps weighted by posts and subscribers, it looked like Reddit had a sizeable NSFW section. On the ones weighted on traffic it looked like Reddit was a porn site with some other special interest forums.
They killed off the old ones by timebombing the subs with strict requirements for activity. They started complying with takedowns, which nuked wide swaths of NSFW reddit. The death of gfycat was another sudden and massive removal of content.
The NSFW part of reddit didn't go away though. It's transformed into OnlyFan spam. So it's not really porn. It's redlight district ads. Hot local girls want to meet you!
Woah! Fractal Internet!
Redit is Fun app was the best times. When they killed off third party apps it pushed me into a lurker, since I refused to use the official reddit app and didn't want to go to the effort of patching old third party apps to get them working.
alot of the repost on the "insteresting type subs, are AI". some of the news are reposted as well.
Well I was banned for saying there’s never a bad time to punch a nazi in the face in response to a screenshot of Indiana Jones doing just that. So good. Fuck reddit.
There's never not a good time.
Wow careful! You might get banned… 🤦🏻
Yeah, I think this is a common experience. I quit a couple of years ago when they did the API thing, but the impression I get is that loads of people have been getting banned for similarly ridiculous reasons. Seems kinda self destructive. I left voluntarily, but I'd been there a long time, over ten years, think I had almost a million comment karma. This is also the case for many of the people getting banned - users who'd been there a really long time and who were mostly people who contributed content and comments. Maybe management thought they don't need the old school users now they have bots, and bots that can slip in product endorsements and try to manipulate political opinion. In fact, a lot of the people who'd been around the longest and contributed most were probably more likely to notice and complain about the huge influx of bots and bullshit.
Still seems self destructive, though, but I guess after the IPO short term gains are more important than community. Their loss is Lemmy's gain. Like you say, fuck em.
Punching Nazis is a specific thing that has gotten a lot of people banned, myself included. Which is weird because it's something I've said for years, but I think it was after the DOGE incident they really started clamping down on it as "inciting violence."
That’s what it was referred to as. Good riddance to that platform I say. They did me a favor.
It's an uneven enforcement of their rules.
Israel has a right to defend itself by bombing Muslims. <- Karma-boosted
Jews have a right to defend themselves by punching Nazis. <- Banned
I earned my first perma by saying Ann Coulter is a racist, and the account I made to bypass that ban got banned because I illegally used sarcasm while criticizing SCOTUS. Their moderation bots have the site so locked down that you can't even have a normal conversation, and they're surprised that they're losing visitors lmfao
I got banned for saying If you see a Nazi, punch a Nazi, as a play on If you see something, say something.
Reddit protects Nazis, but not the First Amendment.
oh you're such a saint! 🤗️
In the wake of the Luigi Mangione shooting, bans went into overdrive. Even using the name Luigi in any context could get you banned. I’ve seen people get their account nuked for posting Luigi’s Mansion gameplay footage.
That place is an utter clown show at the best of times.
violence is violence
Reddit Drives away Their entire user base.
Reddit - "oh no what happened to my user base?"
Fuck off reddit
1% of people actually contribute. Many of those 1% have left or were banned for criticizing the president and ICE. The comments I see lately are becoming more like instagram. Just easy observations and drivel. Some of them are like paragraphs of AI slop that hurts my brain trying to comprehend.
I got banned for defending trans people, so there's that too.
reddit" lets increase the amount of bots to fake the engangement like facebook does"
"I wonder what we did to drive away engagement."
I don't think you can count on that level of introspection.
Better hire a consulting agency for $500k
It's fucking laughable "us daily users metric dissapoints". What the fuck do they expect when they ban their long time users permanently with no appeal process, make it so you can only view the site through the app censor any revolt and start bringing on nazis.
It's literally the antithesis of how and why reddit became so popular in the first place.
they ban your current accounts, because they participated in posts that got you "banned" in one or more subs, and even if lifted. but apparently they allow for future accs but you have to wait a long time. another post on lemmy said they mad an acct after shadowbans, waiting months to a year using a different browser/fork , this assuming you wernt using hordes of accounts that got ban though.
Bots for at least 10 years, the influencing and viral marketing has been going on since forever, though.
If anything this shows how totally fucked equity markets are.
- Predicted $732MM revenue, reported $805MM (10% higher than projected)
- Expected 54MM DAU, got 53.2MM (1.5% lower than projected)
- Expected daily users growth of 130.07MM, actual growth 130.3MM (0.2% higher than projected)
So they're making way more money than expected, but they haven't sold out their users fast enough so dump the stock?
Why would AI want a continuous deal with Reddit? Don’t they get all the data they need the first time? I doubt the new content is worth as much as the previous deal… maybe I don’t understand what these deals are for.
Half the joke is that Reddit was ground zero for AI slop even before AI had gone mainstream.
The company got harvested back before the AI firms were overly worried with cross-contamination.
Presuming they took all the data, a one-time deal would only be good if knowledge gathering actually stopped after the cutoff year- but for recent things like tech and news, the models have to keep learning and adding to their repositories.
The returns on that value sharply diminish, of course, but I think they're still necessary. Which will leave everybody in a bind that is very funny.
Why do they need a deal? Can't they just steal it like the rest of their training data?
Ah that makes sense.
Isn't it illegal for Reddit to sell user-created data without their consent?
Maybe reddit should not have banned users that have been on the platform for years, contributed heavily but got kicked out because they disagree with the current US regime. Spez sucks Trump's mushroom.
lol, ROFL even
Quite possibly lmao
Might need the roflcopter
Why the hell is Reddit publicly traded? Like what is the product even?
Well the product was the users, but since it’s mostly bot traffic now I’m not really sure ¯\_(ツ)_/¯
Everybody now! "If the service is free to you, then you are the product!"
they went public 1-2 years ago, spez wanted to be "richer" so he sold off some shares,which made him richer.
The same could be said for newspapers.
Fuck Reddit and Fuck Spez.
I would be OK with Spez experiencing irreversible severe anal prolapse.
It is genuinely impressive how unusable Reddit has gotten in the last 6 months, especially. Login walls, no All, Best instead of Hot default sorting, constant popups to use the app (RIP RIF, you were the best), obvious AI posts everywhere. Really speedrunning the Digg experience.
Yeah, I stopped going there regularly a few years ago like most people on Lemmy, but I still occasionally go there for niche topics I can't find anywhere else. I only lurk, not post, so I just used old.reddit.
I tried using it this week after they turned off old, and holy shit!! It is unusable. Like you said, it's impressive how bad it is.
Honestly what would it take to get more people on lemmy. I only found it by someone saying the boost for lemmy app. I didn't understand the rest of the technical jargon. But it works. Just the interests I have there are either no subs for or very few users.
Banning valuable subs like piracy, emulation, and roms would get at least those people. The subs that provide valuable guides and resources like that would have to get purged for users to be forced to seek out alternatives.
it needs the niches from reddit to come over, not the big subs. but nich smaller subs.
Also weird bot comments that are long and tedious and somehow you only see the same 20 posts over and over. I remember when reddit was a tenth as big and it would have more new content being shown on the front page than it does now. Like I used to be able to scroll it for hours and now I'm done with it in like 20 minutes.
reddit made sure that you see the same post from yesterday, or the exact same post cross-posted to different subs. certain subs, like news about trump stopping 1bn medicaid/care payments to blue state stopped, magically sotp being posted , they were all posted 1 week ago, and then it just vanished.(seems like a big topic to talk about
I love all those "deleted comment" that keeps growing on Reddit. Users are waking up and destroying any contribution to that site, making it ultimately useless.
Good. My wife and I both had our 13-year-old accounts permanently banned with no appeals process - all because we share an IP address and they decided without evidence that we were evading bans.
Fucking morons over there running reddit.
Most likely they want new accounts with something like a phone number attached.
To my knowledge companies can't force legacy accounts into providing that.
But they can nuke those accounts for ba reasons, with the expectation most users will make a new account.
Even if it's not the phone number, it could be something in terms and services about selling data or advertising.
Like, it doesn't have to be incompetence, loads of companies use incompetence as plausible deniability for something else.
I did not know what Lemmy was a couple weeks ago. Reddit pushed me out. I don't want to be logged in or have an account with the way they harvest data. I got tired of weekly rotating ublock origin scripts and using incognito mode. You don't want me if I'm not a willing data whore? Fine, I'm gone! I am now actively trying to NOT even look at reddit when a random Google search sends me there!
Just a daily reminder that if you want something great, especially if it is made great by the contributions of hundreds of people, it can't be owned by a profit oriented business. If you don't want that great thing to be taken away and/or used against you, the ownership has to remain in the hands of the people.
Well yeah, everyone trained off the data there already. Reddit (or heck, any social media) is just the same old cyclical shit. The AI deals were not a sustainable long-term model, and I'm surprised no one at Reddit, or these companies selling their users data against their wishes, could see that. Like that was the shortest term cash flow they could've gone for, and now their reputation and trust is in shambles.
Trained off all existing data + Miniscule amount of valuable new content is made after this = No more need to train off new data.
So many comments in here, I haven't read them all. I have some conjecture.
First, the AI scrapers already have Reddit's most valuable content ... their "virgin" data from the pre-LLM years. All new content is worth substantially less and much harder to differentiate / filter between bots/AI and real human interaction done without AI.
Second, the search engines that used to help drive users to Reddit mostly all have AI summaries / AI answers right there on the main search page these days. A lot of people read those AI results, get what they want right from Google (or otherwise), and never click any links over to Reddit.
Third, Reddit has expanded into other regions besides the western / us-centric world, such as India. The simplest way to put this is that the content and users from those regions costs Reddit US users and by extension advertising dollars.
Fourth, the corporate team's decision making is bad enough to be harmful / fatal in and of itself. It's sheer luck they've done as well as they have this long. Corporate is not only the worst enemy of users and communities, they're also their own worst enemy. It's so bad that if one of them was a competitor or adversary that had infiltrated the company in a covert operation to destroy it or gum it up, you wouldn't be able to tell the difference.
Reddit is just Ai trash these days and the effort needed to block the Ai garbage bots near daily is insane. I come to Lemmy and feel happy seeing new shit. I go to Reddit and it feels like nothing but garbage.
I just deleted all my comments, first edited them before deletion with power delete suite. It ran for days, but eventually, as far as I can tell, all deleted.
A few of the big subs kept sending me messages, that my comment was removed because I didn't have email verification. My account is 15 years old I think, email wasn't a requirement then. Crazy that some subs now enforce this to post.
He owns shares. He’s hurting right now.
It IPO'd at $34. Even tanked it's at $142. He's not hurting, except in þe "I'm slighly less obscenely rich than I was yesterday" way. It needs to be driven sub-IPO, and even þen it'll be overvalued.
What's reddit?
Happy to see it. I would love a new platform to show up and replace reddit. I dont think its going to be Lemmy but something where the creators actually care about great discussions rather than money.
The challenge is moderation of course.
The cat fuckers getting what he deserves.
Reddit did everything in its power to get rid of the users that made the platform what it is. Or rather, what it once was. It’s barely a shell of the former glory days.
And if you get rid of your power users who make good content and good comments, well, this is what happens.
reddit refuses visitors without a login
"Our numbers are dropping!"
Stop perma banning people for bullshit reasons.
you know they arnt going after the true instigators: all the troll farm, propaganda bots. instead they go after all the porn/of bots.
You love to see it
Is Reddit just bots talking to eachother now? Soon bots will make trades on the prediction market apps and the stock market. Bots will be allowed to own money and become billionaires. Then our human billionaire overlords will be replaced with bot ai billionaire overlords. Then they will remake the Terminator movies, but with the humans as bad guys. John Connor goes back in time to murder a roomba while one of those Chinese falling over robots tries to stop him.
yea they are talking to each other to make it look like theres engagement. the fact they allow people to hide thier comment history, means reddit allows and encourages this and to hide the true state of bots to users ratio.
Honestly speaking, freedom of speech is practically non-existent on reddit. How else do you explain automated bans, or mods getting triggered over the smallest things? You are not allowed to think or speak freely, critical thinking is virtually zero.
I mean obviously. All they needed was a single deal to get all the data. The funny thing about digital goods is you can copy it. Sure you miss the updated messages but that is less and less interesting as time goes by.
"What's behind the move: The user discussion platform company's latest earnings report did not announce any new artificial intelligence data licensing agreements, disappointing investors who were expecting more revenue opportunities from AI partnerships.
Revenue of $804.9 million beat estimates of $731.8 million. However, US daily active users came in at 53.2 million, just shy of expectations of 54 million. The company's total daily active users grew by 18% to 130.3 million versus estimates of 130.07 million. "
Lmao. 53.2 vs 54, and the headline says that's why it's tumbling? Nah, it's gotta be just the AI. I bet most of the reddit investors were also invested in AI stock and wanted to use reddit to pump the others. Hilarious. The entire value of Reddit is human UGC.
The user discussion platform company’s latest earnings report did not announce any new artificial intelligence data licensing agreements
AI scraping was a one-time deal, Reddit chased off a huge portion of their users, and AI companies need pre-AI comments, not the current AI-infused comments.
The company’s total daily active users grew by 18% to 130.3 million versus estimates of 130.07 million.
I'm guessing all of that increase is bots.
and that 130million users arnt real people either. at least of half of them are propa bots, or bots used by people to drive traffic to thier own "business/marketing" sites, 1 person or an agency can use hundreds if not thousands of accounts at a time, something reddit most targets for bans, and is why they are aggressive with it, and yes they sorta ignore propaganda ones.
1.8 million daily US users is significant...
It's not the main reason, which is why it was the second one listed. But it's still substantial.
And the reddit investors wanted AI deals, because that's about the only way to monetize Reddit.
If an AI company says they'll pay money for data Reddit has, that would make Reddits stock price go up.
Like, what are you even talking about?
First off, that's a difference of 0.8M, not 1.8M. So you've got that significance overestimated by more than 100%.
The stock dropped 22%, which a metric missed by 1.48% does not at all explain. I don't think it's substantial at all. They essentially hit the target. Meanwhile revenue was $70M more than expected, which would be the main value of users anyways (aside from data selling, but then of course we get into the other factor...) So how does that possibly equate to 22% price drop? It could only be because the AI partnerships were essentially the only concern. Hence why I said the only value was human UGC. Because AI corps aren't willing to pay for that UGC, Reddits value plummets.
I'm talking about the annoying trend of stock market articles to try to explain things that hardly make sense. It's trying to make it sound like reddit's user count is in trouble when it's clearly not.
i'm only here cos reddit sucks donkey dick now. I think they just sold out and in turn have lost support. I went there for the news, before it broke else where. Now I never get breaking news and 80% of the posts I see feel like they are for teenagers. For Profit Pigs
Hopefully you just die altogether or end up a shell of yourself like digg
Fuck spez and fuck reddit tbh
I was willing to look the other way until I got banned for essentially no reason
I'm way happier not being on that platform
Just tried to comment and got temp banned for just comment. These retards gonna go out of business as they should
What I think of reddit:
It's easy to see the effects of users moving to the fediverse. Reddit has been sad since it nerfed /r/All. In fact, it seems like a thinly veiled attempt to control what its users see under the guise of providing a more tailored user experience. For me, the overall effect is that it's homogeneous, boring and I don't want to be there anymore.
Ehh, I don't know if we have that big of an effect on Reddit. I'd see more of their older, more traditional users going back to their ubb hobby boards for whatever their main interest is, which are very still out there.
I appreciate lemmy/Piefed being here as an alternative either way.
They removed porn from r/all but if you browse enough you get naked drawn children. Fucking hell.
there still "hentai-related/adjacent subs that are pushed from r/all
And its always children.
oh no, you went to the thing that (is supposed to) have everything and found something you didn't like
Hmm, I guess they shouldn't have permabanned me after 12 years, and a million karma.
delighted for them got permanently banned for posting a video of sylvester stallone's sister reacting to trump shitting himself so fuck em bunch of cunts
Digg that.
Too bad digg failed a second time
Most people on the internet are lurkers. Most up votes and comments come from maybe 20% of people who actually look at posts. I figured this out within a few weeks of using the Internet. They're quite literally biting the hand that feeds them. They're betting you'd rather make a Redddit account than not visit, except that plan no longer holds water in the AI age.
Now AI is probably pushing engagement up artificially. Fewer and fewer real humans will react to posts on the basis that it may not be real, even if they are. So you have a situation where AI interactions increase in proportion to human ones, while also getting more expensive, and pushing out your income stream at the same time.
This kind of boundless stupidity isn't even really seen, because everyone else is doing as well. People point it out, but we have no real metric for how bad it's until the stock price starts the slip. Whatever stock of good faith users Reddit once had, are now a dwindling resource, replaced by people trying to game the system.
We cannot stop this in a way that matters. The only way past this shit AI era, is through it.
Ultimately the only thing that will stop it is advertisers fleeing the site. They won't be able to tell what portion of the ad views they are paying for are bots, but it sure will show up in the sales conversion figures. Bots don't buy products that advertise to them.
Using reddit's stock price to estimate what fraction of the users are people. Sounds like a plan. The stock price is like a CAPTCHA for social media platforms. Are you authentically human or an empty husk of clankers gabbing at each other?
Fuck reddit . Especially the mods of /r/Utah.
I can't see any useful application of AI within Reddit although I could see AI companies salivating at the prospect of hoovering up data from the site which could be monetized in all sorts of unimaginable ways.
If it hasn't already moved onto the garbage heap, alongside it's precedessors, it's not long now.
My 15 year old account with 600k karma and impeccable record was banned because I made a harmless joke about Republicans. Reddit has turned into a fucking joke. Every post is engagement bait and every top comment is some stupid fucking joke/ pun.
Not who you messaged, but the "advocating violence" thing gets massively abused by conservative mods on r/politics. For example, on January 6, right as it was happening, right as a mob of thugs was storming the capital building trying to steal an election? I wondered out loud why this place was so unguarded. Why aren't there machine gun nests opening up on the mob? Sorry, but if you try to form a mob to overthrow a democracy, that's what you deserve. That's how countries have dealt with such violent uprisings since time immemorial. You try to overthrow a lawfully elected government? Lethal violence is absolutely justified in such a case, and any reasonable person should acknowledge that. Violence is a tool governments unfortunately sometimes have to use. But the site policies do not acknowledge this. Violence is ultimately the core function of the state. See monopoly on violence. Discussing how the government will use one of its core defining functions is perfectly reasonable on a politics sub. Blind "do not advocate violence" policies are idiotic. And it's not like it ever gets applied to people advocating for the US to bomb other countries. That doesn't count as "advocating violence." Oh, and of course the conservative subreddits never get banned even after openly encouraging an armed insurrection against a lawfully elected government.
Later we learned those troops were not stationed at the capital because Trump ordered them away. Didn't reverse my ban though.
seems like they target pre-2024 accts more often then newer ones, to get rid of legacy users? something tells me they dont want specific people commenting on the site anymore. hence the read-only site.
This is what happens when you IP ban anybody who uses VPN, or blinks wrong. Fuck Reddit
Fuck Reddit
Fuck reddit.
fuckem
More people need to learn that there are federated alternatives to speed up their downfall.
That'll happen when your product sucks. We didn't want slop, bots, and heavy-handed moderation.
or the other not so great moment, when they all gave up , to lockdown thier subreddit as a form protest against spez.
Good.
Oh I'm not surprised, after what Spez did to the people of Apollo, I knew that shit was gonna end reaaaal quick.
Well there's always Quora.
I've said it before, and I'll say it again: I'm almost glad Reddit permbanned me two months ago. It's a shame Anonymous hasn't tried to DDoS u/Spez. Reddit needs the Ol' Yeller treatment.
Porn bans are evil
it still has those subs, but you will have to look for it(most of them peddle OF though)
Honestly I should have shorted Reddit a few days ago
Well DUH! A.I. has no spending habits. Also no money.
I know you're preaching the the choir here. But, good.
It ended once they banned the third party apps because they were better than the official app.
Eglin must be having a staffing issue after everyone caught the lettuce shits
aw shucks
Good, I hate them both and one shit thing dying isn't gonna lose me sleep
Good! Reddit is a cesspool anyway.
Ellen Pao was such a better CEO.
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lol - “The value has left Reddit”
-/u/spez
Who could imagine when you piss off:
…that the “value” would leave 🤣
save