News for hackers. Stuff that matters.
Re:Reddit’s plan to kill third-party apps sparks widespread ... by vlovich123 on Tuesday June 06, 2023 @12:47PM (#36215610)
Doesn't this potentially open them to serious securities fraud? They're making financial statements about the revenue they receive per user. By flooding with fake users, their trying to make their top-line numbers seem high while pretending like the revenue / user is staying constant. It's one thing if it's the initial seed to a two-sided marketplace, but if this gambit doesn't pan out that seems like a problem. The SEC failing to enforce securities fraud like this is a separate matter.
Re:Reddit’s plan to kill third-party apps sparks widespread ... by miroljub on Tuesday June 06, 2023 @12:57PM (#36215769)
Since those users are their own, it's easy to just write "select count(*) from usres where fake = 1" and report it.

It's not like they need first to detect those users are bots.

Re:Reddit’s plan to kill third-party apps sparks widespread ... by kjeetgill on Tuesday June 06, 2023 @06:31PM (#36219976)
I assume you meant "fake != 1"?
Re:Reddit’s plan to kill third-party apps sparks widespread ... by hluska on Tuesday June 06, 2023 @09:11PM (#36221461)
I think both would be correct, though your interpretation is more likely.

They could use “fake = 1” to report the number of fake users. Or “fake != 1” to report the number of real users.

I can’t imagine the gymnastics they would have to do to make a fake user count palatable in a road show so again, I think your interpretation is most likely. Then again, I’m about a billion dollars short of my opinion mattering…

Re:Reddit’s plan to kill third-party apps sparks widespread ... by froggit on Wednesday June 07, 2023 @07:49PM (#36235281)
It would make me so happy if they have an SQL table or whatever they use that's actually called "fake." That'd really be cutting the bullshit while also creating bullshit.

It's more likely to be some kind of prettified name like "internal public accounts for assuring control of external applications," some sort of technical name that doesn't really make sense by itself but is complicated enough that it looks like someone knew what they're doing when they came up with it.

Management would flip if they stumbled on anything titled "fake." It's way easier to just hide red flags behind technical sounding terms than it is to try to explain why a "problem" isn't a problem and shifting the blame to someone you won't miss.

Re:Reddit’s plan to kill third-party apps sparks widespread ... by johannes1234321 on Tuesday June 06, 2023 @12:53PM (#36215698)
The don't have to include those fake users in the active users count. They could exclude them.
Re:Reddit’s plan to kill third-party apps sparks widespread ... by cyanydeez on Tuesday June 06, 2023 @06:14PM (#36219797)
Generating content is not the same as falsely counting users.

Sure, they could be dumb enough to do that, but no evidence of it.

Re:Reddit’s plan to kill third-party apps sparks widespread ... by dmux on Tuesday June 06, 2023 @06:46PM (#36220145)
>Generating content is not the same as falsely counting users.

I agree, but all content _is_ generated by users.

Re:Reddit’s plan to kill third-party apps sparks widespread ... by froggit on Wednesday June 07, 2023 @07:53PM (#36235312)
Are bots users?
Re:Reddit’s plan to kill third-party apps sparks widespread ... by ethbr0 on Tuesday June 06, 2023 @07:28PM (#36220546)
> Doesn't this potentially open them to serious securities fraud?

Maybe they're hoping to find a private buyer for all of their equity who's willing to waive due diligence.

Re:Reddit’s plan to kill third-party apps sparks widespread ... by froggit on Wednesday June 07, 2023 @07:50PM (#36235294)
Pulling a Twitter XD