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Reddit Launches Long-Awaited IPO with $748M Target

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41–50 of 64 posts

Re: Reddit Launches Long-Awaited IPO with $748M Target

#41
post #14

Someone should get all of Wallstreetbets to short Reddit to the deepest depths of evaluation :D Or someone just buy all the stock and just end it, pretty please.

> Or someone just buy all the stock and just end it, pretty please.

Quick, someone tell Elon

Re: Reddit Launches Long-Awaited IPO with $748M Target

#42

Earlier quoted context omitted.

So this is the story that places like Reddit and Quora would like to tell. They'd like to say that they have this treasure trove of data which can be used to train the models of the future, but that doesn't seem to be what most experts actually beleive. Firstly, Reddit is closing the stable door after the horse has bolted- they were open enough for long enough for most serious players to have most of that data. Secon…

Sincere question: To the extent that "the open internet" IS valuable data, isn't Reddit in the best possible position to capitalize on it? The mechanic of the website allows for people all over the world to contribute free-form content and then has mechanics built in where the content provided is graded by free human reviewers and moderators, and graded accordingly. Not saying it is perfect data, but surely there is…

I’m in a weird position of both valuing Reddit highly as a source of unique and niche information you literally can’t find any where else, while at the same time feeling that the general quality of discourse in the more mainstream subreddits has taken a nose dive and is now pretty much worthless.

Re: Reddit Launches Long-Awaited IPO with $748M Target

#44
post #25
post #19

Earlier quoted context omitted.

How many real users are on HN? It was pretty obvious years ago that some users were AI bots. The bots used fake words and sounded like it was full of academia jargon but the words were not real words. After AI advances in the past couple years I am almost to the conclusion that I will stop posting. Especially considering the close ties with HN and Altman, I am not here to fine tune someone’s AI.

How do you know that you aren't a bot? Maybe what you feel are your own genuine experiences of the world is just part of the simulation. Now and again they spin you up to post on HN, feeding a new set of memories that have elapsed since your last output. I am a bot, by the way. Altman made me post this to sniff out competitor bots.

Sounds like you need to see a doctor.

Re: Reddit Launches Long-Awaited IPO with $748M Target

#46
post #14

Someone should get all of Wallstreetbets to short Reddit to the deepest depths of evaluation :D Or someone just buy all the stock and just end it, pretty please.

You joke, but it should be well within reddits ability to buy enough shares to control the company. $1b is like a few hundred dollars per user right?

From there my power fantasy is firing the ceo and reopening the api so we can go back to Apollo.

Re: Reddit Launches Long-Awaited IPO with $748M Target

#47

It's kind of... hilarious that Reddit has managed to wait so long that they've ended up shooting for an IPO just after the company's third largest individual shareholder (Altman) created an existential threat to destroy reddit. A couple of years ago I think you could've made a decent argument for reddit, it's never going to have as good economics as Facebook but there's definitely value and communities there. It's a…

Wait, what? Aren't all of the things that Altman is doing now making all of the data that Reddit is sitting on (and its capacity to generate new ones) EVEN MORE valuable? Didn't they just announce some data sharing deal to train an LLM worth many millions not too long ago?

Wait, aren’t there enough scraped dumps of Reddit data already? Sure, it is not as convenient as an API, and you may not be able to put Reddit’s logo next to the results, but why would LLMs care about that as long as they can train on the data in some form?

Re: Reddit Launches Long-Awaited IPO with $748M Target

#48

Earlier quoted context omitted.

So this is the story that places like Reddit and Quora would like to tell. They'd like to say that they have this treasure trove of data which can be used to train the models of the future, but that doesn't seem to be what most experts actually beleive. Firstly, Reddit is closing the stable door after the horse has bolted- they were open enough for long enough for most serious players to have most of that data. Secon…

While I am sure an LLM only trained on publications would be great, I can also picture it being the most annoyingly square AI to interact with. Just generally being painfully out of touch with how average humans speak and interact. I guess the ideal would be training with some kind of source discriminator or internal source quality parser that allows an LLM to be the chill funny guy who can still school your nerdy as…

Two LLMs, one pedantic, annoying, and correct. The other a master of speech and creativity.

The first explains the answer, the second translates the answer into layman, and the first validates that the translation is still mostly correct.

Re: Reddit Launches Long-Awaited IPO with $748M Target

#50
post #14

Someone should get all of Wallstreetbets to short Reddit to the deepest depths of evaluation :D Or someone just buy all the stock and just end it, pretty please.

You joke, but it should be well within reddits ability to buy enough shares to control the company. $1b is like a few hundred dollars per user right? From there my power fantasy is firing the ceo and reopening the api so we can go back to Apollo.

They should make the gamestop guy the new CEO
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