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

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.

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. youtu.be/vyzQnsa8SA0

The Gaia economy shitshow is absolutely crazy. I had quit before it really fell apart but even in like 2006 it was clear the market was unhealthy.