• melsaskca@lemmy.ca
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    16 hours ago

    I still don’t get “Reddit stock”. What value does a trumped up BBS offer?

    • OctopusNemeses@lemmy.world
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      11 hours ago

      Have you seen how it is lately? It’s a glorified tabloid. It’s largely used for pop culture gossip. People know it’s slop, and they don’t care. They use it anyways.

      Reddit is far from the days of being a modernized tech BBS. At least 10 years removed from it. In it’s current incarnation it’s an interactive daily newspaper with Bat Boy stories on the front cover. That’s what they’re selling. And it does sell.

    • fodor@lemmy.zip
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      15 hours ago

      They pretended that the content was written by humans. And Google needed data upon which to train its AI. I don’t think there’s any value in that, but if you are an AI investor, you might want to ride your bubble.

      The rest of us know that Reddit is full of bots and you shouldn’t be training anything on it. But if you’re looking at data from three or more years ago, then maybe that’s more human written. Of course Reddit and Google deny that bots dominate, but we know they’re lying and they’re trying to make money off of the bubble anyway, so don’t trust them.

      • EliteCloneMike@lemmy.zip
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        11 hours ago

        They’re surely juicing the numbers that they show investors. It’s all about showing that they are still growing in some way or another. Nothing else matters to them. Much to the detriment of the users. I moved away from Google many many years ago. Have been moving away from Reddit over the past several months as well.

    • Fizz@lemmy.nz
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      12 hours ago

      They place ads and sell reddit gold also user and site data. That extremely valuable