Reddit power users balk at chance to participate in IPO as Wall Street debut nears

return2ozma@lemmy.world to Technology@lemmy.world – 397 points –
Reddit power users balk at chance to participate in IPO as Wall Street debut nears
cnbc.com
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Rather take your money to the casino kids. I think the reddit IPO will crash and burn. Not only because spez is a total fucking tool destroying the platform. But the reddit model will be tough to be a booming profitable business. All they really have is add revenue and users will start seeing through the smoke and mirrors no matter how hard they try to disguise them as normal posts. We have already seen this type of manoeuvre is not easy with Twitter.

Yes ads revenue itself but also Data. Lots and lots of data to sell to advertisers to build profiles on what people are into and how they interact with following their hobbies and interests across subreddits.
But i agree that theres not too far to go after that.

AI training data too. Years' worth of conversations in natural language.

Because LLMs are already hallucinating enough as it, but now they can do it with more racism and zoooomg is that a squirrel ‽

Why would I need redditor data when I could just download top 40s song lyrics and a book of puns?