Oh my god I somehow forgot that Reddit IPO8ng means I get to read stories like this.
Oh no, the world’s most poorly managed and funded corporate social media website’s stock is tanking, oh nooooo!
Ahahahah!
Reddit stock falls for second day as references to its content in ChatGPT responses plummet
Submitted 3 hours ago by RandAlThor@lemmy.ca to technology@lemmy.world
Comments
sp3ctr4l@lemmy.dbzer0.com 30 minutes ago
Eat_Your_Paisley@lemmy.world 3 hours ago
Couldn’t happen to a nicer company
MedicPigBabySaver@lemmy.world 3 hours ago
Fuck Reddit and Fuck Spez.
KingThrillgore@lemmy.ml 1 hour ago
Oh no!
Anyways what’s everyone having for lunch? I’m having bean burritos.
Rugtert@feddit.nl 1 hour ago
Tomato soup because of the flu… What other kinds of burrito would you recommend besides bean burrito?
sp3ctr4l@lemmy.dbzer0.com 27 minutes ago
Try chorizo, potato and eggs sometime.
rockSlayer@lemmy.blahaj.zone 1 hour ago
Leftover chicken and rice! What’s on your plate?
mesamunefire@piefed.social 3 hours ago
heh I wonder if all the “old” content getting messed with and/or removed is causing issues with the algorithm/scraper.
NuXCOM_90Percent@lemmy.zip 2 hours ago
For unauthorized scrapers? Definitely
For paid API usage? That tends to not be public for obvious reasons but, allegedly, people have, allegedly, done tests and found “deleted” content in the results.
mesamunefire@piefed.social 2 hours ago
Ive heard the same but I haven’t seen real evidence anywhere, so im skeptical. But yes I agree, if they CAN get that data, it means the training data is better-ish….
But we are still on this site for a reason :)
db2@lemmy.world 2 hours ago
That’s why I edited everything before deleting it.
just_another_person@lemmy.world 3 hours ago
This is certainly part of OpenAI’s plan, and a warning shot to other user content-driven sites.
chilldrivenspade@lemmy.world 1 hour ago
fuck reddit! into the sun with it! post haste
Blackfeathr@lemmy.world 3 hours ago
Good, hope it crashes.
Lucky_777@lemmy.world 2 hours ago
They were the architects of their own demise
db2@lemmy.world 3 hours ago
Trill88@lemmy.world 3 hours ago
Buncha self absorbed cliched weirdos over there anyway
calliope@retrolemmy.com 2 hours ago
Huh.
Does anyone else think that ChatGPT is still using the data, they’re just not referencing Reddit directly?
This is how you can tell Reddit’s $200+/share price is insane. Over 10% of its value dropped based on a different unprofitable company’s references to ingested content.
Yikes!!
rafoix@lemmy.zip 2 hours ago
Reddit’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.
FlexibleToast@lemmy.world 33 minutes 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.
BakerBagel@midwest.social 57 minutes ago
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.
Taldan@lemmy.world 57 minutes ago
Yes, but Oracle’s stock skyrocketed based on the unprofitable OpenAI promising to buy >100B worth of AI data center space from Oracle. Nvidia stock also surged on the news, since Oracle builds those data centers with Nvidia chips
Obviously OpenAI doesn’t have the money to pay Oracle themselves, so Nvidia has helpfully given them the money
So now we have an incredibly large cyclic corporate dependency of money from Nvidia -> OpenAI -> Oracle, then back to Nvidia. Definitely not a financial disaster waiting to happen
NuXCOM_90Percent@lemmy.zip 2 hours ago
While I don’t agree with the reddit valuation to begin with…
that is actually how the stock market “should” work? Reddit is a company that, at its core, produces data to sell to other companies. If other companies choose to (say they are not going to) use that data, then the value of reddit drops. That is literally supply and demand.