Cabal’s Post

I'll be on an X (formerly, Twitter) Chat (Space), to discuss the theme, "Exploring Inflation: Policies, Impacts, and Strategies for Handling Rising Inflation", tommorow (Wednesday, 13th Sept.) at 8:00PM (WAT). Follow me @SulemanHezekiah (https://lnkd.in/dSWXrDMF), and turn on your notifications to join the conversation. I also share interesting tips on Tech & Finance from time to time.

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🚀 Exciting news from Reddit! The social platform saw over $800M in revenue in 2023, marking a 20%+ YoY increase. While not profitable for the full year, it reportedly achieved profitability in Q4. Stay tuned for potential IPO news this month! #AI #ML #BigData #Reddit #TechNews

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The Money is in the Messaging Where it started: a bot message saying that since we graduated from the same university, we should connect. Courtesy reply: “Your bot message is overused and recognized more often than not. Then: “Pitching me a 15-minute meeting so he could “share his unique financial services ideas” I answered with this link, pointing out that I knew a thing or two about the “psychology of money.” https://lnkd.in/gQu6XZwt Where it went: no acknowledgment of my expertise. Last message: telling me LinkedIn is a numbers game, and he recognizes his services are not for everyone. DELETE Shaking my head, wondering what’s wrong with people Don’t be him!! #Letsgetfractional #Linkedinpowerplayers #socialselling

The fun thing about a company going public is all the stuff they have to disclose (whether that's just financial numbers or "yes we know this thing is a problem"-type disclosures). Some interesting stuff from Reddit's filing (some of which I could not fit into my story): - Reddit is getting a huge traffic boost from Google search (people looking for advice/answers from actual people, instead of SEO-bait sites), but that's a potential investor risk, since most of those people aren't logged in and therefore harder to monetize - it realizes that its moderation system is also risky, both because the mods are all volunteers and because they have a track record of leading user revolts over unwelcomed changes (like, for example, being monetized to train AI) - it is still not profitable but has cut its losses by almost half this year - the new deal with Google is equal to about 7.5% of its 2023 revenue. It is fully in on licensing its users' posts to train AI, and only needs a deal half the size of the Google deal to cover its 2023 loss - but AI is *also* a risk for Reddit, since people could just get a Reddit post's info from an AI, instead of the site/app - Sam Altman owns about 8.5% of the company's shares https://lnkd.in/gCerGc-Q

Bredec Group Bredec Group Ask HN: Has Reddit started inflating their numbers?: I am a pretty addicted reddit browser and I frequently visit r/popular and other "big" subreddits. Lately I have started noticing that couple of hours old posts have now thousands of upvotes and comments, each comment having thousands of upvotes too. Before that you could see such numbers only on very big topics like major global news or tragedies. Are there any tools to track these metrics via 3rd party to see if they started artificially inflating theirs user numbers before their IPO? --- Comments URL: https://lnkd.in/dRBteCvX Points: 1 # Comments: 0 info@bredec.com Inquiry@bredec.com

Reddit soars after IPO Reddit shares rose 48% on the first day of trading: investors believed that the platform could benefit from the introduction of AI, Bloomberg notes. Large language models require data, especially generated by live users, and 19 years of “human experience, organized by topic, moderated and relevant,” the head of the company can help with this. Reddit is in the early stages of negotiations to license the platform's content, including for AI training. The company also announced a partnership with Google, whose AI will use Reddit data. But so far the company remains unprofitable: in 2023, Reddit's loss was $91 million on revenue of $804 million, versus a loss of $159 million and revenue of $804 million in 2022. The company expects at least $66 million in revenue from licensing agreements this year.

So Linkedin is a kiss arsey playground. It reminds me of all the kiss-asses in the Navy and all the Rupert officers. The reality is most of these experts are not experts and just make shite up with the help of chatGPT They create carousels that tag all the 'Expwerts" to get clout. This is what Facebook groups were 6-8 years ago. Business is about results, not vanity metrics. If you're vain I can sniff you out. To those faking it, you'll burn out and get caught out. #emailmarketing #business #bullshit

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