Where Reddit differs among its tech peers is in its striking dependence on its user base to keep things operational. Reddit must keep its users satisfied and its efforts to expand its limited (and already unpopular) advertising formats could send users packing. 98% of Reddit’s revenue is made up of advertising income. And of that, 26% came from just 10 ad clients in 2023. Investors will be watching this closely and expect more diversity sooner rather than later
  • towerful@programming.dev
    2·
    3 years ago

    I never said it would be good moderation.
    But reddit saying to its shareholders “we have cut down our reliance on unreliable user’s free labour moderation by employing advanced state of the art AI moderation from Google specifically trained on our own content” is a big confidence booster, thus shares booster.
    Problem is, thats not what reddit is/was. Thats not the attraction of reddit.

    Good for the shareholders. Bad for the users. Likely short term profits for long term losses