Reddit: 'We Are in the Early Stages of Monetizing Our User Base'
Reddit: 'We Are in the Early Stages of Monetizing Our User Base'
Reddit's filing with the SEC makes clear that training AI with user posts is a core part of Reddit's new business model.
Reddit said in a filing to the Securities and Exchange Commission that its users’ posts are “a valuable source of conversation data and knowledge” that has been and will continue to be an important mechanism for training AI and large language models. The filing also states that the company believes “we are in the early stages of monetizing our user base,” and proceeds to say that it will continue to sell users’ content to companies that want to train LLMs and that it will also begin “increased use of artificial intelligence in our advertising solutions.”
The long-awaited S-1 filing reveals much of what Reddit users knew and feared: That many of the changes the company has made over the last year in the leadup to an IPO are focused on exerting control over the site, sanitizing parts of the platform, and monetizing user data.
Posting here because of the privacy implications of all this, but I wonder if at some point there should be an "Enshittification" community :-)
Reddit has long had an issue with confidently providing false statements as fact. Sometimes I would come along a question that I was well educated on, and the top voted responses were all very clearly wrong, but sounded correct to someone who didn't know better. This made me question all the other posts that I had believed without knowing enough to tell otherwise.
Llms also have the same issue of confidently telling lies that sound true. Training on Reddit will only make this worse.
You know the phrase "If you aren't paying, you're the product".
It doesn't hit as hard as a CEO using the phrase "Monetizing Our User Base".Fuck u/spez
“we are in the early stages of monetizing our user base,”
If anyone on Reddit reads that and stays there willingly they are an idiot. Not they weren't idiots for staying after the API changes but now they are even bigger idiots.
Aaron Schwartz is rolling in his grave
They permabanned my 14yo account because my anti-nazi rhetoric was "encouraging violence." I guess Nazis are a class of humans dumb enough to give them money so they don't want to scare them off. The post that got me banned had more than 60 up votes when it was deleted and I was permabanned. A reply post in the same vein was not deleted.
“Pay-Per-Click”, is all this is when you break it down to its basest.
Narwhal developers have come out and said that they have to pay beforehand for clicks to the API—- what absolute bullshit Reddit and Spez are bringing to the trough. Spez killed reddit—- calling it now; a slow painful lingering shitty death.
People will not put up with it once they know what is really going on.
Let em know. “Pay-Per-Click” will not stand.
With all the changes that Reddit has made recently esp with the API changes, it definitely did leave salt in my mouth alongside how increasing toxic the Reddit community had become in comparison to when I joined the community but the small niche communities that existed on Reddit did honestly made it harder to quit due to the lack of communities outside, which is another big problem with centralisation, esp in the modern internet as it makes you rely on platforms you may not necessarily like due to big issues like social isolation etc.
When I found out about this, this isn’t simply excusable anymore and I would rather delete my account over having my personal data being sold for profit (which goes completely against the early ethos of Reddit as a whole but being semi owned by Conde Nast, this would have been inevitable) despite the fact that I have been thinking about deleting my Reddit profile way before this issue.
Surprisingly, I honestly have had no regrets deleting Reddit out of my life and honestly I do wish I would have done it sooner, I’m far less frustrated, I’m starting to think more constructively again and I feel way way less dependent on it.
Can say, I made a good choice there tbh.
Is this a long term source of revenue for Reddit? Or will it loose value at some point, simply because LLMs are all trained sufficiently on user generated content. Is there more to learn at some point?
Also it seems that a lot of content on Resdit is already AI generated, so it would train on data from other LLMs, which I'm sure doesn't improve quality.
I do think it's interesting that a lot of people seem to think AI is going to take away jobs but understanding AI just a tiny fraction, it seems like the things that are threatened are one that were already micro serviced away like internet search.
We use search everyday and having the best search engine means being the best tech company. These companies are in a race to topple Googles search dominance through providing AI as a service. There's money in them hills if you can train an AI to recommend when and where to go buy the newest shiny thing that solves all your problems.
See, most companies would do this before they went public.
Only people would lose money when they use Reddit.
Posting here because of the privacy implications of all this, but I wonder if at some point there should be an “Enshittification” community :-)
There is, its called !enshittification@lemmy.world
yea make the community; somewhere to post the offenders lol
Looks like the enshitification of Reddit is about to accelerate. I barely use it anymore, but I kept my two ten year + old accounts intact (one for porn one for legit posts). I’ll probably nuke my non-porn account soon.