Reddit Was Fun

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Memorial to "rif is fun for Reddit" Android app, aka "reddit is fun", shut down after June 30, 2023

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Dual Core - All The $RDDT IPO Things ft. Jim Cramer's Meltdown (www.youtube.com)

submitted 7 months ago* (last edited 7 months ago) by [email protected] to c/[email protected]

7 comments fedilink hide all child comments

i'm gonna need some advance notice if a super secret step squad comes here

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[–] [email protected] 16 points 7 months ago (1 children)

If it wasn't an obvious pump and dump before it should be pretty clear to anyone with at least two brain cells now.

[–] [email protected] 9 points 7 months ago (2 children)

$34 to $65 somehow at the moment

[–] [email protected] 9 points 7 months ago

As always, the secret ingredient is crime.

[–] [email protected] 6 points 7 months ago

I bet it will be in the $10 range in a year.

[–] [email protected] 9 points 7 months ago (2 children)

Reddits current business model makes no sense; a for-profit company can not rely almost wholly on volunteers. Reddit knows this, and so does the market.

So Reddit, a company that never turns a profit, is supposed to hire thousands of moderators, cutting deeper into costs. Dont think so. So there is only one option; AI moderation, no other way. This will be the goal and the final nail in the coffin for Reddit I believe.

[–] [email protected] 5 points 7 months ago

I feel like this is all a game to cash in on LLM training and then the c suite is gonna abandon ship. Reddit has never been profitable and there doesn't appear to be a path to make it so while keeping its users.

[–] [email protected] 2 points 7 months ago

The data must be with a heck of a lot.