Comment on Reddit’s 50% Plunge Fails to Entice Dip Buyers as Growth Slows.
AidsKitty@lemmy.world 11 months ago
I just don’t understand why a person would choose to invest in Reddit. What exactly is the value proposition here?
Reddit has proper moderation. As in actual people moderate it. It basically has a lot of content that was verified by ‘experts’. And they do it for free.
In the age of bots, fake news and AI generated pages Reddit is a pretty good source of actual facts. Search engines lean on it more and more so it means there’s bunch of money in it.
At least that was the plan. If people will stop moderating there because of politics it’s worthless.
Surely people will enjoy pay walled content.
They source the data for AI.
However, their owner is a duck so he’s prob gonna atrophy users away, so it’s not an investment you’d go long on.
I’m so glad it will create and burn ever since they prevented RIF from working for their own ad-ridden version to be used.
A duck?
I discovered the fediverse because I used Boost for porn subs before the API debacle.
6 months after that, they still didn’t have tablet support. Absolute bullshit.
Ledericas@lemm.ee 11 months ago
so huffman and the c-suite can dump thier stock, they did it a while ago.