this post was submitted on 10 Jun 2023
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Technology
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Admitting that “Unlike some of the 3P apps, we are not profitable.” just shows to the world, that they don't know how to run a business. This should be warning shot for every investor.
This whole thing is all about trying to monetize user-generated content by selling it at a high premium to large AI companies. If they allow a lower pricing tier for 3pa’s, other companies/individuals will find a way to use that lower tier for training models, and this is the only thing spez sees as a viable profit model for reddit.