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.
deleted by creator
I am becoming increasingly skeptical of that, repost bots run completely unchecked: The admins 100% do not give a shit and haven’t for a long time, pretty much always ignoring reports because it artificially inflates their numbers.
deleted by creator
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.
deleted by creator
Maybe, maybe not, but I’m pretty damn sure they’ll never disclose the actual numbers or police repost or astrotufing bots.