Reddit shares soar after company turns first-ever profit.
Reddit shares soar after company turns first-ever profit.
Monthly users rose by nearly half thanks to AI translation feature, and deals for AI training with Google and OpenAI boosted revenue
Does anyone use Infinity for Reddit? I understand you have to pay to use it.
The company reported nearly 100 million monthly users, an increase of 47% from the year prior
My bullshit-o-meter is pegged at 11.
I've been on reddit lately and I'll eat my shoe if that 50% increase was in any way actual real humans, because there's no damn way.
At this point I'm pretty sure it's bots all the way down. And whatever isn't a bot is someone pretending to be someone else or some other BS.
Lmao seriously, these investors have clearly never been on Reddit
Why? Still the same shitty company. They have no revenue model aside from selling what people put in there.
This was the reason they made the API changes. They wanted to charge for easy access to the content. Sure, you can scrape every Reddit page, but nobody has time for that. Pay up and hoover down Reddit comments for you AI training.
It also forced users onto their app, which creates a captive market for force-serving ads disguised as content.