Not the ad revenue checks. Reddit isn’t profitable even with ad revenue. The new reddit profit model is selling freely-contributed user-generated content to AI companies with a lot of money who want to train thei LLM’s on reddit content.
This is about ChatGPT checks, not ad revenue checks.
I’m loving it. It’s like the good old days of smaller forums, except they all link together to become a reddit-like conglomerate, best of both worlds.
https://github.com/j0be/PowerDeleteSuite this tool lets you do something similar.
I plan to make mine an explanation why i left, and an intro to lemmy etc
(anyone can c/p this to post themselves if you want to, with or without edits)
I’ve been posting this to subs that haven’t blacked out:
Reddit wants to begin selling API data access to large AI companies at a really high margin so those AI companies can train their data on the content we generate and contribute to reddit, and reddit can make a shit ton of money on that.
This data API is also how third party apps and mod tools access reddit. Rather than charging apps a lower tier and AI companies a large one, reddit has instead decided to charge everyone for that data access.
As a result, not only are third party reddit apps going away because they’d have to charge huge fees to their users, but so are a lot of the tools that reddit’s unpaid volunteer moderators use to moderate subs, which means moderation quality is going to drastically drop soon.
In addition, the official reddit app is terrible for accessibility, and does not work with things like screen readers that blind or partially-sighted people use. These issues have been reported to reddit since alienblue became the official reddit app, reddit does not care to put money into fixing them. third party apps do this. people who rely on these apps to be able to even use reddit are basically getting kicked off reddit for being disabled.
All so reddit can cash in on all the content the communities of reddit produce, without compensating the content creators nor paying the unpaid volunteer moderators whose lives they just made way more difficult.
Exactly. Reddit’s hunt for profitability will destroy it, both in huge chunks like this 3PA exodus, and just slowly trickling away over time, as the platform gets worse and worse and moderation becomes worse and worse.
I’m not happy about it. There’s a lot of places on reddit that are amazing for community support, especially in LGBTQ+ spaces. As a trans woman, I myself owe so much of who I am to queer-friendly subreddits and meme subreddits. Lemmy has some good LGBT support spaces, but not enough.
Reddit was a community-first place in the past. now its so far beyond that that it is barreling towards being just “an engine to get free user-generated content we can re-sell to large AI companies”. they don’t care about the actual communities as long as they’re filled with content producers and consumers, regardless of quality.
become a 501©(3)
This is so emotionally manipulative / abusive, and says everything anyone needs to know about reddit/spez. It’s like if someone burns down your house and says “look i’m here to acknowledge that your house has been burned down, but we can still work things out bestie <3”