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Reddit shares soar after company turns first-ever profit.
(www.theguardian.com)
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this post was submitted on 30 Oct 2024
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Why? Still the same shitty company. They have no revenue model aside from selling what people put in there.
This was the reason they made the API changes. They wanted to charge for easy access to the content. Sure, you can scrape every Reddit page, but nobody has time for that. Pay up and hoover down Reddit comments for you AI training.
It also forced users onto their app, which creates a captive market for force-serving ads disguised as content.