"These days" .. but was it better before?

The ruling class literally spoke a different language (aristocraties in europe french and the clerics latin).

That made it even easier to seperate realities and not accidently share insights to peasants what they are not supposed to hear.

"Community" is such an intangible KPI.

That said, I don't think community could be considered tangible in any context?

Community is tangible.

And there are tangible KPIs for measuring the health of a community.

But Reddit's community health is clearly not proportional to Reddit's profits.

It's just another way of saying: VCs and users don't agree what makes Reddit great.

How do you define tangible vs. intangible assets so that community ends up being a tangible asset?

I said "Community is an intangible KPI" and someone asked "What makes you say Community is intangible?" -- but I didn't say that. Then I said "Community is tangible" and what I meant by that is: There is a well understood definition of what a community is. Now you ask "How do you define tangible vs. intangible assets?" but I'm not saying that community value is easily convertible into economic value.

https://www.investopedia.com/terms/a/asset.asp

  An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit.

  Assets are reported on a company's balance sheet. They're classified as current, fixed, financial, and intangible. They are bought or created to increase a firm's value or benefit the firm's operations. 

   An asset can be thought of as something that, in the future, can generate cash flow, reduce expenses, or improve sales, regardless of whether it's manufacturing equipment or a patent.

I assume that shareholders are not stupid when it comes to the cost of potentially killing communities, and they believe that more ad exposure + some AI model based on Reddit's data will deliver more economic value than the current free API.

I think where the difference in conviction is:

  - How much will killing 3rd-party apps as we know them affect Reddit's community health?
  - How much will a deteriorated community health affect the future output of LLMs based on Reddit data?

The cost of automated detection of story arbitrage is also falling, e.g. hypothetical StoryGPT analysis of testimony to a blockchain (or paper) notary.

Hedge funds have a financial incentive to uncover deception or incongruent claims.

When the new investors found out, my business partner demanded I remove CTO from my website, writing it was "technically incorrect".