this post was submitted on 03 Nov 2025
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391
Reddit’s CEO Debuts As A Billionaire 20 Years After Cofounding The Company (www.forbes.com)
submitted 2 days ago* (last edited 2 days ago) by themachinestops@lemmy.dbzer0.com to c/technology@lemmy.world
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“Q3 was a strong quarter,” Huffman said on Thursday’s earnings call, in which he lauded Reddit as being “for humans by humans” and seemed to take a subtle dig at AI slop (the low-quality AI content clogging corners of the internet): “Reddit is in a unique position; we’re not trying to be the next anything. We’re focused on being the best version of ourselves and what the internet needs most: a place where people can connect on almost any topic and find genuinely useful information.”

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[–] MonkderVierte@lemmy.zip 13 points 2 days ago (1 children)

From a company that was constantly in the reds?

[–] falseWhite@lemmy.world 47 points 2 days ago* (last edited 2 days ago)

That's because they sold and continue to sell ALL the user generated data on the platform.

That's why people can no longer express their opinions there like calling Trump an orange turd or Elon a Nazi will get you immediately banned, because it's bad for training data.

Essentially Reddit is now just a place for generating AI training data and all the people still using it are sad lost sheep selling themselves to AI masters.