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Reddit IPO: Company's biggest risk is its reliance on unpredictable users
(www.moneycontrol.com)
this post was submitted on 23 Feb 2024
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I never said it would be good moderation.
But reddit saying to its shareholders "we have cut down our reliance on unreliable user's free labour moderation by employing advanced state of the art AI moderation from Google specifically trained on our own content" is a big confidence booster, thus shares booster.
Problem is, thats not what reddit is/was. Thats not the attraction of reddit.
Good for the shareholders. Bad for the users. Likely short term profits for long term losses
Sure, you never mentioned good moderation. But I don't think that they'll be able to exploit it - for investors risk assessment is bread-and-butter, and they know that anything "AI" might crash the following second. Plus the lower quality of the site would be visible as soon as they implemented AI moderators, generating even further risk almost immediately.
I get your reasoning though - it doesn't need to be good for the site, only passable enough for the suckers buying shares to trust it.