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Reddit stock collapses 23% as AI eats away at user growth (finance.yahoo.com)
submitted 2 months ago by to c/technology@lemmy.world
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cross-posted from: https://lemmy.world/post/50164893

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[–] 26 points 2 months ago (1 child)

They don’t care about user experience, they care about monetising the content that already exists.

They being Reddit or the article, dealers choice

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  • [–] 11 points 2 months ago* (last edited 2 months ago)

    The article specifically says slow growth of logged in US users is the reason that the stock fell, not because of lack of opportunities to monetize content. Revenue is up year over year. They just give a different reason for users turning away.

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