Technology

It's also only valuable if people keep contributing to it. It's highly likely the majority of current existing reddit data has been largely incorporated into many LLMs prior to the API access limiting. Google paying them 60 million dollars is a hilarious pittance to keep training their LLMs, given how much money AI services will likely generate off of the training data.

I don't actively use reddit anymore, but when I need an answer to something that isn't programming-related, it's usually the top source on any given web search. That kind of content is basically the only stuff I would give a shit about. I can't imagine how much absolute garbage you have to sift through on the platform to get reliable training data. Maybe the ratio is terrible and that's why Google paid so little.

values the data their users have given them

.. and will give them

When has banning porn ever been profitable? Look at tumblr.

I received the offer on my 16 year old Reddit account, but not on another account I have that's more like 12. Not sure if they went by account age or activity or what.

I did not try to get in on the IPO (or pre-IPO.)

I can only imagine that they're offering it to me because my account is like 15 years old.. Either that, or I have about 200k post karma and 100k comment karma. (Not big numbers compared to karma whores, but still more than your average user).

I got an offer. I was a user since 2012, I think? Definitely not a top poster or anything.

Ignored it, of course.

F-k I'm old...

I think it has to do with karma count.

I had two accounts, one had been scrubbed and was mostly used for commenting, and the other was a porn alt.

The porn alt has hundreds of thousands of karma and it got multiple IPO messages while the original, older account got nothing due to being sub 5k on posts.

Edit: Suspicions confirmed!

Reddit is planning six tiers of early access based on each “participant’s contributions to Reddit,” the company said in its updated SEC filing. Those tiers are based on a user’s “karma” score, ostensibly an aggregate total of up/down votes on posts and comments.

The first tier of users will be those “who have meaningfully contributed to Reddit community programs,” though what that means isn’t explained more clearly. After that come tier 2 users, who must hold at least 200,000 karma points or have taken at least 5,000 moderator actions. Tier three includes users and moderators who hold at least 100,000 karma points and have taken 2,500 moderator actions. Tiers 4 and 5 are each half of the previous tier’s total, and tier 6 includes everyone else, with a waitlist available if the total number of shares purchased exceeds the original 1.76 million.

I haven't logged in for months, but I'd guess I'd have similar DMs too (that will forever remain unread). Only reason I didn't delete the account was because so many people kept showing their accounts being restored against their wishes.

I’m pretty sure wsb will short the fuck out of it, lose money in the initial rise, then someone will make a few million in the death spiral

Username checks out...

Lmao, I was thinking more about how fractious reddit is even without provocation, but you're right, too!