51–60 of 64 posts
Reddit seems to have well and truly jumped the shark. Most of their communities are barely moderated wastelands. Bot activity is absolutely rampant. It had a golden age, but I have no idea how this survives in the post LLM world.
Earlier quoted context omitted.
The source for this figure: https://www.sec.gov/Archives/edgar/data/1713445/000162828024... CEO pay for 2023: 341,346 (cash salary) + 98,332,716 (stock) + 93,776,049 (options) + 792,000 (cash bonus) It's hard to really value the 190M of stock+options, though it seems like it'll be enought to buy some really nice avocado toast. Anyway though, shouldn't we be celebrating this? Isn't it the hacker news dream, creating a…
The ultimate irony of HN is that it is full of people complaining about the very things that they themselves leverage to fuel their livelihood.
But I would hope that we hold public companies to a better standard.
Putting in place a 10 year options scheme before IPO so future public shareholders can't vote it down just smells.
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…
Let's be real: If Reddit is at risk, the whole web is.
If "AI" content becomes widespread and the tooling accessible, the web is dead.
Reddit CEO pay was $190M Company exists simply to extract money for the CEO. You'd have to be insane to buy any shares.
The source for this figure: https://www.sec.gov/Archives/edgar/data/1713445/000162828024... CEO pay for 2023: 341,346 (cash salary) + 98,332,716 (stock) + 93,776,049 (options) + 792,000 (cash bonus) It's hard to really value the 190M of stock+options, though it seems like it'll be enought to buy some really nice avocado toast. Anyway though, shouldn't we be celebrating this? Isn't it the hacker news dream, creating a…
Reddit seems to have well and truly jumped the shark. Most of their communities are barely moderated wastelands. Bot activity is absolutely rampant. It had a golden age, but I have no idea how this survives in the post LLM world.
Reddit seems to have well and truly jumped the shark. Most of their communities are barely moderated wastelands. Bot activity is absolutely rampant. It had a golden age, but I have no idea how this survives in the post LLM world.
Until there is a clear successor, I don't think we can bury reddit.
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…
> just after the company's third largest individual shareholder (Altman) created an existential threat to destroy reddit Let's be real: If Reddit is at risk, the whole web is. If "AI" content becomes widespread and the tooling accessible, the web is dead.
LLMs replace the command line and search. It doesnt need to return AI written content, although summaries are one of the most useful returns. The AI part can just be interpreting what was asked of it.
That said, if I can say "approximate a conversation between two film nerds" and the AI can summarize 100 film reviews on metacritic/rotten tomatoes and then convert them into a coherent dialog, with each party taking specific positions, the AI can replace the middle man reddit user that is regurgitating something they read.
"Most people are other people. Their thoughts are someone else's opinions, their lives a mimicry, their passions a quotation." - Oscar Wilde.
Reddit seems to have well and truly jumped the shark. Most of their communities are barely moderated wastelands. Bot activity is absolutely rampant. It had a golden age, but I have no idea how this survives in the post LLM world.
Barely moderated? Part of the issue with modern Reddit is newbies can’t contribute in subreddits without breaking the numerous Byzantine rules powermods make.
So will they have any model to finally monetize their users effectively? And start making money?