Ok, so how does a shareholder benefit from that? My company that pays people to stomp on kittens at my kitten stomping factory has value in that in gives people jobs and controls the feral cat population, but it creates no profit for the shareholders.
Comment on Reddit stock falls for second day as references to its content in ChatGPT responses plummet
rafoix@lemmy.zip 5 hours agoReddit’s value is its ability to use bots to manipulate and distribute information. It’s just like Twitter, meta and all the other social media platforms.
BakerBagel@midwest.social 4 hours ago
NuXCOM_90Percent@lemmy.zip 28 minutes ago
Stock value go up.
I assume the reddit stock doesn’t pay dividends based on profits. But if you bought for 10 dollars and now it is 500 dollars? You can sell some of that stuck to people hoping it will go up to 1000 dollars for a solid profit. And so forth.
Prove_your_argument@piefed.social 3 hours ago
The ads/manipulation does a thing that helps you attain profit or power. You want to manipulate what people see and pay for… so you pay reddit to allow you to mass deploy bots bypassing moderator levers. They have the community, you have the objective, you pay for the help of doing this and they probably have their own bot farms included.
They can even internally flag these entries as bots and use their AI partnerships to analyze what works on users and what doesn’t to trigger a specific response, and to avoid using techniques that get called out as bots.
They have their public ‘sponsored’ content, but I promise for big spenders they have a program that has no sponsorship callout. They probably brand it with nice fancy marketing terminology that makes it sound like you’re an angel doing god’s work by driving conversions or some stupid shit.
rafoix@lemmy.zip 3 hours ago
Reddit shareholders also own a lot of shares in much more lucrative industries.
ieGod@lemmy.zip 2 hours ago
Yeah reddit’s a weird one. Their financials, aside from this year, are also horrendous. Not sure what value they really bring.
FlexibleToast@lemmy.world 3 hours ago
No, it’s value is that users have up voted and down voted good and bad data. This gives the AI training data that has been crowd sourced by humans. Bots manipulating votes would destroy the value of Reddit.
M1ch431@slrpnk.net 31 minutes ago
There are absolutely bot vote manipulation campaigns happened.
See this: old.reddit.com/…/why_are_we_all_just_accepting_me…
rafoix@lemmy.zip 3 hours ago
Bots have been controlling votes on Reddit for years. It costs about $50 to get to the front page of Reddit.
NuXCOM_90Percent@lemmy.zip 30 minutes ago
Which is also generally very detectable (if you actually care) and is generally used to push (monetized) social media and not the answer to “what is the difference between normal and merino wool?” and so forth.
The vast majority of the “user” interaction and memes is not the product (at play. it IS useful for societal manipulation but there are better platforms for that). It is all those useful questions and answers that people get pissy about folk deleting the answers to.
Because people, generally, weren’t searching for
team edward or jacob redditbut insteadthe fuck is a renesme redditorLED versus fluourescent bulbs redditand so forth. And the community labeling of the latter is generally REALLY good.