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Reddit shares soar after company turns first-ever profit.

⁨15⁩ ⁨likes⁩

Submitted ⁨⁨7⁩ ⁨months⁩ ago⁩ by ⁨Dot@feddit.org⁩ to ⁨technology@lemmy.world⁩

https://www.theguardian.com/technology/2024/oct/30/reddit-stock

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Comments

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  • just_another_person@lemmy.world ⁨7⁩ ⁨months⁩ ago

    Why? Still the same shitty company. They have no revenue model aside from selling what people put in there.

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    • BombOmOm@lemmy.world ⁨7⁩ ⁨months⁩ ago

      This was the reason they made the API changes. They wanted to charge for easy access to the content. Sure, you can scrape every Reddit page, but nobody has time for that. Pay up and hoover down Reddit comments for you AI training.

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      • themeatbridge@lemmy.world ⁨7⁩ ⁨months⁩ ago

        It also forced users onto their app, which creates a captive market for force-serving ads disguised as content.

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  • usuarioimanol@lemmy.world ⁨7⁩ ⁨months⁩ ago

    Does anyone use Infinity for Reddit? I understand you have to pay to use it.

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