Reddit going public (again) is such a weird and egregious destruction of any value that reddit had left.
It’s like Wikipedia going public with the expectation that it would continue to hold any value going forward. The proposition can’t hold true.
It’s like Wikipedia going public with the expectation that it would continue to hold any value going forward. The proposition can’t hold true.
I figure the price will track the AI bubble, so probably go up, then crash and burn when investors realize LLMs are good tools, but not $30 a month good to most business clients. But the execs and board will make of quite handsomely by then
Reddit is among the most-trafficked websites on the planet. Its value has little to do with AI and everything with attention.
Attention sells ads. A social graph is something else. About as relevant as yelling about AI potential. Maybe it’s there. But again, a separate argument.
I have noticed that any time I encounter a post from an r/{placename} sub, it appears to be full of the most irritating, racist shit-stirrers but I just steer clear of those subs altogether.
I've never noticed this type of activity, so it's definitely not the "entire place". I assume this is largely relegated to the top level subreddits?
I have mixed feelings about all the crap going on behind the scenes with this company. For the most part, it's been the only place I can get relatively unbiased takes and info outside of more specialized enthusiast forums.
Sure. Not relevant in the context of $800+ million of revenue [1].
[1] https://www.sec.gov/Archives/edgar/data/1713445/000162828024...
Seems like a loopholes that civilised society should close.