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Reddit is profitable for the first time ever, with nearly 100 million daily users (www.theverge.com)

submitted 6 days ago by alyaza@beehaw.org to c/technology@beehaw.org

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Reddit’s advertising revenue grew to $315.1 million, while “other” revenue reached $33.2 million on account of “data licensing agreements signed earlier this year.” Both Google and OpenAI have cut deals with Reddit to train their AI models on its posts.

In a letter to shareholders, Reddit CEO Steve Huffman attributed the recent increase in users to the platform’s AI-powered translation feature. Reddit started letting users translate posts into French last year before expanding to Spanish, Portuguese, Italian, and German. Now, Huffman says Reddit plans to expand translation to over 30 countries through 2025.

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[–] FartsWithAnAccent@fedia.io 2 points 5 days ago (1 children)

I'm not saying there aren't still people there, I'm saying a HUGE number, possibly even the majority, are bots. Might not be more than 50% yet, but there have always been a lot of bots on reddit and it only got worse over time.

[–] lvxferre@mander.xyz 2 points 5 days ago (1 children)

Yup, I got that you don't mean that everyone is a bot there. I just don't think that there aren't so many of them as you're saying; it's certainly not as much as half the users, or even the activity (bots tend to be more active than actual users).

They're still wrecking damage on the place though. Eventually they'll reach a plateau in proportion, but their numbers will go down, alongside the actual users.

[–] FartsWithAnAccent@fedia.io 2 points 4 days ago

Maybe, maybe not, but I'm pretty damn sure they'll never disclose the actual numbers or police repost or astrotufing bots.