Comment on Reddit Stock Collapses 23% as AI Eats Away at User Growth

Thorry@feddit.org ⁨2⁩ ⁨weeks⁩ ago

Step 1: Sell data to AI companies Step 2: ??? Step 3: Profit

They are now finding out step 2 is getting absolutely destroyed by AI not sending people along to their platform. And the profit in step 3 is for the AI companies, not for them.

These CEOs are so shortsighted it’s beyond belief. Sure Google paid hundreds of millions for the data, but in turn it’s a death sentence for the platform. But hey it was money in the short term right?

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