this post was submitted on 08 Jul 2023
777 points (98.1% liked)

Technology

59651 readers
2722 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
 

Title says it all. If you think Reddit's been trending down lately, just wait.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 13 points 1 year ago (2 children)

they do understand that the APIcalypse will make their financial figures look great

That would require people to actually pay that API pricing. The apps closing down and AI people scraping the web site instead won't help them.

[–] [email protected] 7 points 1 year ago (1 children)

Also, AI only really needs to scrape a post once. I don't think there will be much financial gain from openai or someone else scraping reddit

[–] awderon 8 points 1 year ago

They don’t even need to scrape it. There is a torrent out there with all the data for the last 10 years or so neatly packaged.

[–] [email protected] 7 points 1 year ago (2 children)

Ahh, but it’s a bit more subtle than that.

The API pricing was a tool to kill the apps, because Reddit is not able to milk ad money from those users. Now that most of the 3rd party apps are dead and most subs are open, users have no choice but to be exposed to adds. That’s where the real money is.

[–] [email protected] 4 points 1 year ago

Yeah, but Reddit makes pennies per user from showing them ads, so they're still losing money.

Rather than laughing all the way to the bank, it's more of a forced chuckle on the way to the dole office.

[–] JimmyMcGill 2 points 1 year ago

They do have a choice though. They can just not use Reddit at all, and/or come here.