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

CEO Steve Huffman said, “These deals aren’t binary. They have to make sense for Reddit, but there are many ways, I think, for the value to return to Reddit.”

lol - “The value has left Reddit”
-/u/spez

Who could imagine when you piss off:

  1. third party devs who make the apps your best contributers use
  2. your unpaid content creators
  3. your unpaid moderators

…that the “value” would leave 🤣

Replying to @⁨Remember_the_tooth@lemmy.world⁩

Remember when YouTube started having AI narrated posts from r/askreddit in its shorts? And how that slowly morphed into the AI generated slop stories about how one family member give the rest of them their comeuppance because the Henderson account valued results instead of random cheap business practices involving Sgt Menendez and his cheating ex girlfriend?

(This stuff is like candy to Boomers because it mirrors the reader write in sections of Reader’s Digest.)

I should have noticed this earlier, but it dawned on me a few weeks back.

Replying to @⁨TheStaffmaster@lemmy.world⁩

Caught my father in law who’s addicted to youtube watching a video about some WWII pilot that knew how to shoot at enemy fighters from his time hunting hogs in Kansas. It was entirely AI generated, the video, the voice, and the narrative. That person didn’t exist and it didn’t survive scrutiny if you know anything about guns. But damn the comments were just boomers gooning over military wank.