It hasn't turned a profit in 20 years, it should be a terrible business model, but they are probably going to be bought by the big tech companies to train LLM's.

umbrella , 3 months ago

wasnt it revealed that they are unprofitable because of spez's huge compensation?

Lumidaub , 3 months ago

Hello everybody all around the world! Wanna join this super duper awesome fun thing? Only if you're in the US though!

(Not that I'd want to)

qaz OP , 3 months ago

They didn’t even bother doing a Geo-IP lookup.

alquicksilver , 3 months ago

I've enjoyed reporting their emails as spam. It's the last "fuck you" I can give them without just ignoring them completely.

starman2112 , 3 months ago

I wish I knew enough about stocks to know how to profit from this tanking instantaneously

Imgonnatrythis , 3 months ago

Seriously?
It's just the knowledge you are lacking? If You have the funds to do it just meet with an investment banker and they can help you do it. Short selling is not something I would recommend doing yourself even "knowing enough about stocks". If you are serious about a short, you understand it's a pretty high level of risk but if there is a payout, the cost of bringing in a pro is well worth it.

starman2112 , 3 months ago

If You have the funds to do it

Damn, I knew there was a catch

JPAKx4 , 3 months ago

It's called shorting. At a high level you're basically betting on the stock going down (which is the opposite of buying a stock where you want it to go up). Normally you can only lose the amount of money you put in with stocks, but for shorting you may lose an "unlimited" amount of money depending on how high the price goes up (it's dependent on how much the stock goes up, but no stock goes up forever).

Shorting is a big part of the GME spike. Large trading firms were shorting the shit out of gamestop and so when WSB bought stocks en masse it lead to almost bankruptcy for some companies.

Not financial advice for obvious reasons

GrymEdm , 3 months ago

I'm sure a LLM trained on Reddit conversations will be a well-balanced, polite, and reasonable conversationalist and not a contradictory mess trying to figure out which brand of spite is most acceptable. Remember in 2016 when Microsoft plugged the chatbot "Tay" into the internet and it went full psycho Nazi in 24 hours?

NocturnalMorning , 3 months ago

Pepperidge farm remembers

JusticeForPorygon , 3 months ago

I love reading the things Tay tweeted because these days that's just an average Twitter post.

InfiniWheel , 3 months ago

Tbf, people intentionally screwed up Tay

TheAnonymouseJoker , 3 months ago

Thanks a lot 4chan. I dislike people that think 4chan is whatever they claim it is outside of /pol/. They are deluded and narrow minded. These people virtue signal and love lemmy/reddit/digg/slashdot, which is chan culture minus slurs.

db2 , 3 months ago

I got it via email and just reported it as spam. 🤷

Imgonnatrythis , 3 months ago

Good bot

AdmiralShat , 3 months ago

Not making a profit on paper does not mean it's a terrible business model. It's how businesses reduce the taxes they pay and how they can afford the hundreds of millions of dollars of payment to the board members.

Amazon was unprofitable for like 20 years out of its total lifetime (not consecutively).

Don't let this business terminology fool you into thinking it's worthless. If anything we need to be puting these companies under the microscope for what they're doing to pay less taxes than they really should be. We need to start closing the loop holes.

shikitohno , 3 months ago

I wouldn't jump to compare Reddit to Amazon. Amazon may have operated at a loss for a few years, but it seems pretty clear that Bezos did have a roadmap to make it a profitable business and made decisions to make progress towards that relatively early. Reddit has never been a profitable business and has no real way to get there that doesn't alienate increasing numbers of their users. It's basically in a race to cut a deal that makes spez some money off the whole thing before the bottom falls out from under it and someone else is left holding the bag.

Even when Amazon expanded into categories and took losses on them, Bezos was able to do so knowing that it would damage other businesses that didn't have the deep backing needed to outlast him, eventually leading to many competing retailers in that sector shuttering and Amazon being able to raise prices and rake in money once there wasn't really another competitor in a given field. He might be a massive scumbag, but spez is a massive scumbag and an absolutely inept businessman. For all his assholery, the best case scenario for his legacy is driving reddit into the ground and managing to foist it off on someone else before they realize it's no longer worth anything.

TropicalDingdong , 3 months ago

Hey kids, you wanna hold some bags for me?

-Spez

badcommandorfilename , 3 months ago

Hmmm... these r/WallStreetBets types seem irresponsible with their money...

TropicalDingdong , 3 months ago

I mean, I'm gonna light up on puts once they become available. Just for old times sake.

Steve , 3 months ago

Same

nek0d3r , 3 months ago

"It's less than worthless!"