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Joined 10 months ago
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Cake day: September 4th, 2023

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  • My guy, Google pays Reddit $60 Million/year for this. $60Million.

    I remember I once got told, years ago that I was stupid for saying “Data is the new Oil” and now look! Do you know what I could do if I had $60Million in my bank right now? And Google isn’t the only one! Companies the world over are paying out the nose for user-generated content and business is booming! If I’m an oil well, it’s time my oil came with a price tag. I was a Reddit user for YEARS! Almost since the beginning of Reddit! I made some of the training data that Google and others are using! Where’s my cut of that $60M?











  • What research is telling them that people come to Reddit to talk to corporations about products? Where was the survey? And what the fuck is a “high-intent product conversation”? These people are making shit up.

    Edit: so, I looked up what a “high intent product conversation” is, and this is the answer I got.

    A high-intent product conversation is a conversation with a customer who is actively looking for a solution to a problem or desire and is ready to purchase. High-intent customers are more likely to convert into customers than low-intent customers, who are just browsing or exploring.

    So this man really thinks that people come to Reddit looking for shit to buy, because we have problems and desires and they want companies on Reddit to be right there hawking their snake oil cures to all our little problems via their AI marketing reps?

    Where did he get that idea? Did he ask actual Reddit users? Was a survey mailed out? What was the sample size? What were the questions on the survey? Did they do a focus group?






  • That’s how it was. Then the “infinite growth” mind virus infected all of the private sector. I think it’s because with the internet and global markets, the competition between firms isn’t about fighting for customers - the customer base is essentially infinite, or at least much bigger than the firms need, so the goal isn’t to serve your customers better so they come to you instead of your competitors. What’s scarce is investment capital - more and more of the equity markets are consolidated into fewer and fewer players, and since the modern share market is much more speculative (i.e. investors buy not on the expected value of the share of the profits they get as dividends, but on the ability to flip their shares to someone else at a higher price later, who in turn is only buying because they anticipate flipping the shares, there’s no regard to the fundamentals of the business), the goal is to compete with other firms by showing the capital investors that you can offer the best return on investment.

    Under this mindset, you don’t have customers to serve, you have assets to monetise, you’ve gotta show the moneymen that you’re getting faster and faster growth with lots of new revenue streams - you don’t actually need for these to pan out, because noone cares about whether you’re actually making profits so much as whether you look like you’re growing so you can be flipped to another speculator. And in that mindset, customers are an obstacle - they’re preventing you from monetising your assets by standing between you and their money.