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

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.