[...] a dearth of profit this late into its existence portends the lack of a real business model, suggesting it’s still not ready for public company life.
Honestly, I think spez was offended last spring when he realized that every. Single. AI had included most of rexxit's content in their training data - and that rexxit had paid the infrastructure and bandwidth costs for that to happen. And that he was angry about that, and afraid that he'd once again missed the boat, just like he did with rexxit crypto and rexxit NFTs. He really is an astoundingly incompetent CEO.
The moderator rebellion is crushed, there are no longer any third party apps competing with the official Reddit app and Reddit seems to be as popular as ever.“It’s a nice time right now,” he says. “I think we’re executing really well.” In 2024, the company plans to focus on three pillars. 1. Maximizing ad revenue 2....
Thing is, he complained from the start of the protest that all these AI companies had trained their products on reddit's data, and that not only had those companies not paid reddit for it, but that reddit had actively ended up paying for all the bandwidth and everything to transfer that data multiple times to multiple companies. He knew from the start who was really sucking up all the API bandwidth. He could've gone after the corporations and worked with the app developers, given them time to adjust.
But he didn't. He didn't because he panicked when he realized how he had let reddit foot the bill for massive corporations, because he's always been butthurt that no one likes reddit's shitty app and he wanted to force them to move over, because he's too fragile in his masculinity to admit he's made a mistake and change course, yet he's too much of a pussy* to actually stand up to the corporations that screwed reddit over.
He's a shitty person and a worse CEO.
term used deliberately, because he thinks of himself as this big alpha male "in charge" type but he's really really really not.
For the past few days, I've patched up a few minor errors that there was never time for. I also took a short break from coding, but I'm still working on planning the federation. I'm trying to spend a bit more time with my family and recharge for the upcoming week.
The Global CAR T-Cell Therapy market report contains historical, current, and forecast estimation of the revenue generation and profits for each segment and sub-segment of the CAR T-Cell Therapy market in each key region of the world. The report additionally sheds light on the emerging growth opportunities in the business sphere...
Recently, Reddit announced that they may be discontinuing awards/coins on September 12. However I'm skeptical and I think this may be just a deceptive announcement for them to make a quick buck from awards/coins. What are your opinions on this?
reddit started trialing a "Community Points" program in 2019 in /r/ethtrader, /r/cryptocurrency and /r/fortnite , where posters and commenters could earn "Community Points" that were supposedly backed up with crypto that you could eventually cash out. They announced an expansion of the program in December 2021 but, afaik, they never actually did so. Which might have something to do with the fact that one of the /r/cryptocurrency mods made $10,000 by selling community points. I don't know if the program has actively continued since then; maybe someone who was in the three trial communities can say.
My point is that reddit has been working on something similar to this program for at least five years now. And this article isn't based on any announcement by reddit, but by someone examining their source code. It's possible that this code has been present for a while and reddit has leaked it's existence to try to attract back some of their lost contributors. Or even that it hasn't been present but they included the old code in the newest app release and then pointed it out for the same reason.
In any case, this article isn't based on any official announcement, and reddit has been "trialing" a similar program for over four years. I wouldn't hold out any hope that this actually sees daylight anytime soon, or that it'll work well if it's actually released.
When the whole Reddit fiasco started happening, I saw a lot of people wiping and deleting their Reddit accounts and moving elsewhere, like here on Lemmy....
14 years, 17 accounts, ~2000000 karma. Nuked everything: deleted comments and submissions, de-modded myself, unsubbed from everything, gilded various protest content using the coins I'd been given over the years, bought a cool Apollo app t-shirt, walked out and walked away. Nope, don't miss it; I'm exploring kbin and tildes, and getting my meme content from imgur. Which is ironic in a way, because the sole reason imgur was created was because reddit refused to allow native images.
Are you having regrets? It's okay to have regrets.
My current account participated in some long-tail mental health support, some of my comments and posts get responded to months/years later thanking me for help. I am not so petty that I would remove content that may actual help someone.
Curious about if there is any discernable difference anyone can see if they may have popped in to Reddit today? I know it's probably naive to think there would be a big difference first day....
One thing I'd point out is that it's a holiday weekend in the US, one of the traditional weekends for going out and doing stuff with family or friends. So some of the slowdown may be related to that.
Reddit Files to Go Public, Reveals That It Paid CEO $193 Million Last Year (thedailybeast.com) en
Sure, spez, tell us again how reddit's just never managed to make a profit ...
[Reuters BreakingViews] Investors will say “OK Boomer” to aging Reddit (reuters.com) en
[...] a dearth of profit this late into its existence portends the lack of a real business model, suggesting it’s still not ready for public company life.
How social media’s biggest user protest rocked Reddit (theguardian.com) en
A mass user protest six months ago over technical tweaks had big downstream effects, and now the ‘front page of the internet’ is changed for ever
Huffman takes a "victory" lap: "As the AI era begins, Reddit is leaning into its humanity." (fastcompany.com) en
The moderator rebellion is crushed, there are no longer any third party apps competing with the official Reddit app and Reddit seems to be as popular as ever.“It’s a nice time right now,” he says. “I think we’re executing really well.” In 2024, the company plans to focus on three pillars. 1. Maximizing ad revenue 2....
RTR#48 Happy holidays everyone (kbin.social) en
For the past few days, I've patched up a few minor errors that there was never time for. I also took a short break from coding, but I'm still working on planning the federation. I'm trying to spend a bit more time with my family and recharge for the upcoming week.
A man carrying many baskets on his head, Covent Garden, London, 1926-1927. (media.kbin.social) en
25 baskets, to be precise, but I used the original caption.
CAR-T cell therapy Market| Emerging Technological Industry Segmentation, Application, Regions and Key News (kbin.melroy.org) en
The Global CAR T-Cell Therapy market report contains historical, current, and forecast estimation of the revenue generation and profits for each segment and sub-segment of the CAR T-Cell Therapy market in each key region of the world. The report additionally sheds light on the emerging growth opportunities in the business sphere...
Reddit may be tricking users to buy awards/coins (kbin.social) en
Recently, Reddit announced that they may be discontinuing awards/coins on September 12. However I'm skeptical and I think this may be just a deceptive announcement for them to make a quick buck from awards/coins. What are your opinions on this?
Reddit's Contributor Program could earn you real money for your Reddit karma (androidauthority.com) en
Reddit could be working on a Contributor program, letting top contributors earn real-world money from the gold and karma they receive.
Does anyone regret deleting their Reddit account? (kbin.fedi.cr) en
When the whole Reddit fiasco started happening, I saw a lot of people wiping and deleting their Reddit accounts and moving elsewhere, like here on Lemmy....
Any change today? (kbin.social) en
Curious about if there is any discernable difference anyone can see if they may have popped in to Reddit today? I know it's probably naive to think there would be a big difference first day....
r/ZeroWaste mod talks about ongoing "plague of bots" spamming comments at an extremely high rate (media.kbin.social) en
Anyone at the Cannes Lions International Festival of Creativity this week? Reddit is there and I'm curious if they have anything to say. (mediaweek.com.au) en