this post was submitted on 13 Jun 2023
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Reddit Migration
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I think they are trying to convince themselves that there is some hundreds of millions of revenue they're missing out on, with the whole "it's valuable to train language models" argument.
This is definitely their attitude. When spez came back he said his biggest regret when he left previously was "leaving money on the table" and that he thinks Reddit should be in the same league as Facebook and Twitter (before Musk stomped that into mulch). They're not appreciating what they have, they're obsessing over all the things they're think they're missing out on.