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A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.

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

submitted 1 month 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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[–] kibiz0r@midwest.social 11 points 1 month ago (3 children)

I was using the mobile app.

[–] DdCno1@beehaw.org 36 points 1 month ago

That app is a special kind of inhuman torture.

[–] fushuan@lemm.ee 7 points 1 month ago

Android Firefox has access to adblockers though??

[–] sunzu2@thebrainbin.org 4 points 1 month ago

Brother in christ, that thing is a spyware.