A lot of Redditors hate the Reddit IPO
www.theverge.com
“Yea I’m not buying. But I will be watching it tank.”

A lot of Redditors hate the Reddit IPO | Reddit warned us that its users were a risk factor, and boy do they sound excited about shorting its stock.::Reddit seems like a likely candidate for a meme stock. But the actual reaction suggests that r/WallStreetBets isn’t going to send the stock to the moon.

  • ilinamorato@lemmy.worldEnglish
    35·
    9 months ago

    Reddit warned us that its users were a risk factor

    This means they’re positioning themselves solely as a source of training data. If their users are a risk factor, not the entire product, they’re completely uninterested in maintaining a user base and think that what they have is all they’ll ever need to sell.

    • ghterve@lemmy.worldEnglish
      2·
      9 months ago

      I’m not sure that conclusion follows. There are many more potential future users than there are current users.

      • ilinamorato@lemmy.worldEnglish
        3·
        9 months ago

        That’s the logical framing. But if they believed that, they wouldn’t call their users a risk factor; they’d be the entire product.

    • Hoomod@lemmy.worldEnglish
      1·
      9 months ago

      Google is paying something around $60m a year for AI training on reddit content

      So that’s gonna be helpful lol