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Joined 2 years ago
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Cake day: August 3rd, 2023

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  • My parents are boomers. Like a lot of boomers they have a pension. In addition, they’re still getting social security checks. A pension for me isn’t even a dream and I’ll be lucky if social security is even around in twenty years.

    So, pardon me if I’m a little flippant about some of the “screw you, I got mine” generation eating a bit of shit because they were attempting to draw income from volatile assets that you’re supposed to be in when you are decades younger after voting overwhelmingly for a clown that said for months he’d blow up the market and then did as he promised.

    It’ll eventually come back around to screw me in the end anyway in the form of one disaster or another because I’m a millennial: born at exactly the right time to live through every financial, political, and constitutional crisis possible as well as to finance a Domino’s pizza.











  • Yeah I mean there’s that but the reddit demo uses ad blockers frequently and ad-based content on reddit is already probably not that profitable. There’s a lot of people running astroturf campaigns for various things, but how are you seeing revenue out of that? Some schmuck buying the wrong type of portable speaker because of a crappy recommendation won’t add to reddit’s bottom line when it’s the speaker maker’s internal marketing intern. If anything, it’ll just further cause people to lose confidence in them.

    The only path they had toward profitability was feeding all of their user data into AIs for revenue from AI companies, but chatbots are also unprofitable and that revenue probably won’t even cover the costs to run the servers, and besides how many companies are going to be dumb enough to pay for that privilege? We’re talking about folks that already stole every piece of artwork, literature, and news article they could get their grubby little mitts on. Why would they continue to pay reddit?

    Ultimately the biggest conceit of the “attention economy” is the idea that attention automatically translates into dollars.

    (And they’re bleeding attention too.)