There's an uncomfortable irony developing in the AI trade.
Reddit $RDDT has reportedly dropped over 43% in eight days, amid concerns about declining search traffic.
Its CEO says Google search referrals fell by more than 1 million per week on average in October.
For years, platforms like Reddit benefited from people searching for answers.
Now AI can deliver those answers without the visit.
The technology that creates value from online content may also be changing who captures that value.
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Reddit makes it insanely hard to contribute (everything gets flagged as spam) and to use its information directly (they could use AI too...). Most of the moderators are just a mafia that controls what comes out of it, including doing hit jobs. From my perspective, good riddance.
yep that's why I am mostly active on https://moot.fyi/ these days rather than reddit