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Dual Core - All The $RDDT IPO Things ft. Jim Cramer's Meltdown
(www.youtube.com)
Memorial to "rif is fun for Reddit" Android app, aka "reddit is fun", shut down after June 30, 2023
Reddits current business model makes no sense; a for-profit company can not rely almost wholly on volunteers. Reddit knows this, and so does the market.
So Reddit, a company that never turns a profit, is supposed to hire thousands of moderators, cutting deeper into costs. Dont think so. So there is only one option; AI moderation, no other way. This will be the goal and the final nail in the coffin for Reddit I believe.
I feel like this is all a game to cash in on LLM training and then the c suite is gonna abandon ship. Reddit has never been profitable and there doesn't appear to be a path to make it so while keeping its users.
The data must be with a heck of a lot.