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21 sats \ 21 replies \ @riberet19 1 Apr \ on: Paul Graham call's Reddit the site (and now app) is almost unkillable meta
Reddit has become a giant, that's undeniable and it doesn't seem to stop growing.
Correction: A giant pile of shit.
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Haha some good nuggets in that poop tho
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You know the saying: if you play with shit... you will smell like shit 😂
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Will see if the AI will be able to sift through it to find those nuggets.
Would be hilarious to see a stacker make a reddit territory and just post the best of reddit in there. Surprised @ek hasn't done that with the hn bot.
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a reddit territory and just post the best of reddit in there.
so SN want to became another pile of shit?
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I'm opposed to that too lol.
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Where is the proof of work if the SN feed will be only a pile of shit bots posting another pile of shit from other bots?
Don't you see where is going this madness with crap bots?
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But that in the long term will be a problem in all corners of the internet, the more a site grows, the more bots will arrive, for that not to happen in SN it would simply have to remain a niche site in my opinion.
I can't even imagine how bad it's gotten by now... it has been downhill for a solid decade
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Who knows 🤔
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found it
Reddit says it averaged more than 73 million daily active users in the final three months of 2023, up from the 52 million daily active users it reported in 2021. The company also said in its filing it hosted more than 100,000 active communities on the site in December 2023. The company’s sales in 2023 reached $804 million, up 21% from $666.7 million in 2022. Reddit reported a net loss of $90.8 million in 2023, a narrower loss than the $158.6 million loss it netted in 2022. And while Reddit said it expects its total addressable market in advertising to grow to $1.4 trillion by 2027, it also acknowledged in the filing’s risk factors disclosure that it has “a history of net losses and we may not be able to achieve or maintain profitability in the future.”
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Their user base is gigantic, but everything has a limit, if they expect to have those profits by 2027 it is because they foresee that more users will continue to arrive, when something becomes so big, it becomes a place for normies, then it loses all the good it had.