But Meta doesn’t own social media. They have some social media platforms that are finding direct, open-source alternatives to their service…for FREE. The days of uncontested, corporate-controlled, AI-manipulated social media have come to an end.
I find this more mildlyhumorous than infuriating. I’m looking forward to a new era where every news article no longer includes a string of embedded tweets. :) As a non-twitter user, this certainly doesn’t encourage me to bother making an account.
Let’s be honest, this price change was all about being able to charge the big corps mega money for access to their data in order to train new generations of AI. The price is absurd, yes, but the owners of reddit know that Google and Microsoft have deep pockets (among other global corps wanting the massive amount of data reddit has saved).
They never expected the third party apps to be able to pay this much and frankly, they don’t care. It’s HUGE profit from AI corps, and the losses, at least short term, will be overshadowed by the gains. Long term? I don’t know, this isn’t my area of expertise, but, like I did with Twitter, I have moved on so at this point, it’s no longer relevant to me.
You can’t tell anyone this, but I have a friend who is deep inside the insurance industry. Some of the big guys have invested heavy into LEDs. So to maximize the LED investments, they give manufacturers safety discounts for every LED they can attach to their shit. Big guys make some extra zeros for their accounts, and sharpie and 3M get some splash, too.