Reddit: 'We Are in the Early Stages of Monetizing Our User Base'

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 :-)

KonalaKoala, (edited )
@KonalaKoala@lemmy.world avatar

Posting here because of the privacy implications of all this, but I wonder if at some point there should be an “Enshittification” community :-)

There is, its called !enshittification

rinze,
@rinze@infosec.pub avatar

Just subscribed, thanks a lot.

Fubarberry,
@Fubarberry@sopuli.xyz avatar

Reddit has long had an issue with confidently providing false statements as fact. Sometimes I would come along a question that I was well educated on, and the top voted responses were all very clearly wrong, but sounded correct to someone who didn’t know better. This made me question all the other posts that I had believed without knowing enough to tell otherwise.

Llms also have the same issue of confidently telling lies that sound true. Training on Reddit will only make this worse.

itsprobablyfine,

Yeah all of my most down voted reddit comments were the ones where I replied about something I’m an actual expert in. Scary stuff

Krudler,

I spent 20 years as a producer, developer, and project manager in the lottery and games industry.

Trying to explain how lottery and games work to people and have them hear me makes me want to cry.

Chiro,

Fascinating! I’d love to hear a little about it, if you don’t mind.

Krudler,

Certainly, I’m always happy to share with inquisitive minds.

Is there any particular question you’d like me to address?

Chiro,

Not really, I never paid much mind to it. I’m curious about the whole industry I guess, or anything you’d like to share or set the record straight about.

Krudler,

Oh there’s lots I have to set the record straight about and there’s lots I could talk about, but without being asked a specific question that would just leave me to write an open-ended essay and I’m not up for it right now

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