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‘Front page of the internet’: how social media’s biggest user protest rocked Reddit
(www.theguardian.com)
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this post was submitted on 31 Dec 2023
842 points (96.3% liked)
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It will definitely affect the ipo. Ipo's are all based on expected growth. Any loss of users, mods, content, etc affects that. It was already in the news that whatever company wrote down the value of their holdings.
And people are getting wise to traffic numbers being inflated by bots.
As a moderator of a fairly large sub over there, I strongly suspect this is happening on a mass scale. According to our stats, we're getting 120k unique views a month (dropped dramtically during the exodus, but has seemingly returned to normal now), but posts rarely get more than 20 upvotes or comments. I know most redditers are lurkers, but even still, that just seems like an oddly high number of views.
Give it time. Eventually the AI with learn to completely mimic human activity. Just not their actual spending habits.
In fact, they've already failed their quarterly projections from ad revenue which has already negatively affected their IPO evaluation.