Reddit: 'We Are in the Early Stages of Monetizing Our User Base'
Reddit: 'We Are in the Early Stages of Monetizing Our User Base'
Reddit's filing with the SEC makes clear that training AI with user posts is a core part of Reddit's new business model.
cross-posted from: https://infosec.pub/post/8775123
Reddit said in a filing to the Securities and Exchange Commission that its users’ posts are “a valuable source of conversation data and knowledge” that has been and will continue to be an important mechanism for training AI and large language models. The filing also states that the company believes “we are in the early stages of monetizing our user base,” and proceeds to say that it will continue to sell users’ content to companies that want to train LLMs and that it will also begin “increased use of artificial intelligence in our advertising solutions.”
The long-awaited S-1 filing reveals much of what Reddit users knew and feared: That many of the changes the company has made over the last year in the leadup to an IPO are focused on exerting control over the site, sanitizing parts of the platform, and monetizing user data.
Posting here because of the privacy implications of all this, but I wonder if at some point there should be an "Enshittification" community :-)
I just went over to Reddit to see what people were saying about the recent news. It’s sad that people are so down on this news yet they refuse to leave. Buncha addicts
It still amazes me that there are people on Reddit who are upset about this but still keep using Reddit lol!
Even if they're "addicts" it's not like there's no where else to go! That's like an alcoholic finding out that their favorite brand of whiskey is laced with lead and arsenic but still continuing to drink it instead of just changing brands!
I guess there are still some people there who naively think that it's all somehow going to go back to what it used to be, but at this point it mostly seems like pure laziness
pure laziness
Inertia, low priority.
Changing habits can be hard, the statu quo is usually easier
People sometimes prefer the devils they know to the angels they don't know. It's hard to break out of even abusive relationships.
It still amazes me that there are people on Reddit who are upset about this but still keep using Reddit lol!
I'm not sure why you'd be amazed, I mean people are still using Twitter and that's a thousand times worse than Reddit.
I mean fuck, i'm an addict and I've managed to stay away. They've got other issues. Like a person that won't leave an abusive spouse.
Humans will always sacrifice "best-interest" for comfort and familiarity.
Late but could u name some alternatives like lemmy
I get it - there are in fact no real alternatives. Lemmy is great but there are a lot of niche communities I learned a ton from on Reddit and Lemmy just doesn't have the people for that. Yes, yes, maybe one day, everyone just needs to contribute more, etc. But for right now, that's a large barrier to exiting Reddit for a lot of people.
I'm sure it's like pissing into the ocean but I went back and edited my most popular posts and replaced them with AI generated nonsense that is supposed to be difficult to classify for LLM AI's. I doubt it will have an effect but it would certainly be funny if you had enough people do it.
I guess because they are grammatically correct but contain paradoxes, ambiguity, and are utter nonsense.
Here are some samples:
"Silent thunder vibrates noiselessly through the colorful darkness, illuminating unseen sights with invisible light in a transparent fog."
"The invisible painting, clear as day, vividly colors the transparent wall, telling untold stories in a language never spoken."
"The motionless wind, still yet turbulent, swiftly calms the turbulent stillness of a restless peace in a serene tempest."I used Redact to replace my posts with random words.
It's an odd situation.
Reddit is a valuable resource of information. Any web search will often offer at least one result directing you to Reddit. The problem though is that sometimes that information is wrong or biased.
I just deleted all 16 years of my Reddit content this past week; and then my account. I learned a lot, discussed a lot, and shared a lot in those years. It's a little sad to scrub that from history (also very liberating and satisfying).
On one hand, the Reddit website is hosting a magnitude of data I could never comprehend. That costs money. And as a tool that so many millions of people use and rely on, shouldn't we financially contribute to the thing we use and rely on?
On the other hand, straight up selling our information, with so much of it being very personal and intimate, should be a crime.
And, on the bionic hand, shouldn't we get a say as the content creators as to how our information is used to train an artificial intelligence? Not whether we permit it to use our content but, as a community, we should be afforded the input to decide how the future of AI uses our information. Ten, twenty, fifty years down the road, AI will have learned from our memes and biases and the stories we made up just for karma.
Reddit is like the Bible. Sure, there's some valuable lessons in there but most of it is bullshit and unverifiable. Still, a mass intelligence will take it as fact and pick and choose how it wants to use what it learns to guide it for centuries.
Care to share what tool you used to delete?
I want to complete a similar exercise but keep hearing reddit merely restores the posts.
The death of Reddit is near.
I wonder what will be of it in a few years. A tumblr situation or completely closed down.
It faces death at about the same rate as Facebook. Just like facebook, it has a huge database of information and a still-active userbase that just doesn't care that Spez is trash or that Reddit is wringing their content and eyeballs for money. It will still be around 20 years from now, just like aol email addresses.
I do not think this is a good comparison.
Facebook has 3 Billion active users while Reddit has about 850 million per month. Now what do each site consider as an active user will be interesting.
Facebook also has other platforms, Instagram and threads. They also do not have significant adult content issues that Reddit has so they do very well on advertising. The very nature of the social media platforms are very different so much so that companies see it as a necessity to advertise and post on them while never considering Reddit.
I think the more accurate comparison is Twitter/X. As they have the same adult content issues that harm their advertising. We have seen how much the value of Twitter has fallen even though it was inflated to begin with. Also they have Mastodon as the ad free competition.
I truly believe in the end Reddit will fail but will be bought out by another company to expand their portfolio. Similarly to tumblr being bought by Matt Mullenweg who owns Wordpress. It will become someone’s money hole fun project to see if they can revive it.
TLDR: bad comparison, reddit is gonna die bro
Facebook is sooo much worse than Reddit in this regard. It's a hollow shell of its former self, and not even because users fled. Facebook wanted to be TikTok or something, despite being its own niche successful platform, and they completely destroyed the soul of the website. You cannot see friend's content anymore, unless you go directly to their page. The entire feed is full of worthless and terrible group posts that you never expressed any interest in. You can't do anything to stop it. If you block 100 groups, a million more are there to take their place. So now people have started fleeing from the site, because it's nothing like the site they were interested in to begin with.
Going to get so much worse just stop using it
Seems like a good time to edit all of my posts to be illegible nonsense rather than delete everything in order to add a little fuckiness to anything their AI scrapes.
Bonus points if you use an LLM to generate said illegible nonsense.
What's spez' address? Would like to send a fucking invoice.
Edit: literally nuking my reddit rn lol, that early IPO access offer was the final straw; that crap felt like an insult 🤡👁👄👁🤡
Anyone have a link to that site that bulk deletes/edits your Reddit comments? I think it's time to pull the trigger on that.
I believe it’s called power delete suite. Been meaning to nuke my old account, I suppose I better do it sooner rather than later.
Yeah that’s the script I use. You can find it at r/PowerDeleteSuite
I remember this one being mentioned a lot in July:
It’s probably time I deleted my account and scrubbed my data but I’ve been almost using it as a kind of online record. If I’ve solved a problem I’ve often recorded the answer on Reddit just so I can search and find it again at a later date.
Is there anyway of scrubbing my account but downloading all my data first?
Reddit has an user data checkout feature (IIRC, check out the user settings or maybe reddit help pages to find it).
It's a bit crap though.
It takes a long time to process, especially if you happened to post in the era when the Reddit data infrastructure was horribly terrible instead of merely ordinarily terrible, and apparently this involves some handwork in the worst cases on behalf of the staff.
Some data may be missing or truncated. It doesn't give you data from privated/banned subreddits (which was a fun thing to discover because last time I tried to do this the blackouts were on), and even for legit stuff, long comments/posts may be truncated. Even so, I'm pretty sure that the dumps just straight up didn't have all of my posts from several years ago, even if those were on public subreddits. So you need to make sure the checked out data is sensible.
In conjunction to the official dumps, I recommend a few other tools, especially since the dumps aren't really magnificently usable on their own. One tool that I found personally invaluable is reddit-user-to-sqlite, which allows you to import Reddit data dumps and available live user data (I think it does this by scraping or something, I'm sure it worked despite the API being shut down) to sqlite database, and Datasette is a nice frontend for browsing the posts.
As for scrubbing, there's tools for that are supposed to work. I think.
They'll just un-delete it a few days later.
Fuck Reddit. That is all.