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Chris Remington@beehaw.orgM to Technology@beehaw.org · 3 days ago

Reddit Stock Collapses 23% as AI Eats Away at User Growth

finance.yahoo.com

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  • technology@lemmy.world
  • news@lemmy.world
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Reddit Stock Collapses 23% as AI Eats Away at User Growth

finance.yahoo.com

Chris Remington@beehaw.orgM to Technology@beehaw.org · 3 days ago
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  • cross-posted to:
  • technology@lemmy.world
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Reddit delivered strong earnings, but the numbers beneath the surface tell a different story. Slowing logged-in user growth and AI-powered search could threaten the platform's long-term value.
  • HobbitFoot @thelemmy.club
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    3 days ago

    The problem that the current Reddit leadership had was that they didn’t want to share power with the stakeholders it had previously relied on to generate growth. Reddit was getting free content, moderation, and even some dev resources. There was a path in which Reddit could have maintained its ecosystem while still being profitable, but spez chose to be like every other social network.

    • I_am_10_squirrels@beehaw.org
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      3 days ago

      Fuck spez

      • Beehaw_Girl@beehaw.org
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        2 days ago

        No. He doesn’t deserve sex and orgasms.

        • Megaman_EXE@beehaw.org
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          2 days ago

          Lmao thats so true. He’s such a jerk

        • TehPers@beehaw.org
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          1 day ago

          With a saguaro.

          • Beehaw_Girl@beehaw.org
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            1 day ago

            Cactus dildo, ouch 🌵

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