posted in Technology

Reddit stock tumbles the most on record as lack of new AI deals, US daily users metric disappoints

finance.yahoo.com/markets/article/reddit-stock-tumbles-the-most-on-record-as-lack-of-new-ai-deals-us-daily-users-metric-disappoints-153413759.html
Yahoo FinanceReddit stock tumbles the most on record as lack of new AI deals, US daily users metric disappointsReddit shares plunged the most on record on Friday after US daily users, lack of new AI deal announcements dissapointed investors.
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Replying to @⁨themachinestops@lemmy.dbzer0.com⁩

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.

Replying to @⁨KC_Royalz@lemmy.world⁩

Oh I never listened to the podcast, it was mostly a refuge for people who got banned from LateStageCapitalism for whatever garbage reasons. (In my case, it was suggesting that just because North Korea was at odds with the Capitalist West didn’t mean we had to take their propaganda at face value.) So it was a place where non-tankie leftists accumulated. Mostly meme trash and simmering resentment.

Edited ⁨⁨Aug⁩ ⁨1⁩, ⁨2026⁩, ⁨00:43⁩⁩en