3/3 In the wake of the company's most profitable quarter yet, and of cofounder and CEO Steve Huffman becoming a billionaire, I took a look at how Reddit’s business model has evolved over time and how the platform is alternately fighting and embracing the AI age:
www.forbes.com/sites/monica...

2/3 All of this is because authentic human content — Reddit’s specialty — is an increasingly hot commodity. AI companies need troves of it to train their models. And as bots and sponsored content crowd the internet, Reddit’s recommendations are seen as more reliable.

2/2 Edwin Chen worries that AI models are too often optimized to send users down "delusional rabbit holes." He thinks artificial general intelligence is still 20 years away. And he hired a drummer with no tech experience as his 5th employee. My kinda guy. Give it a read!

Read more in my latest for @forbes.com:

www.forbes.com/sites/monica... (3/3)

The sale dooms the nationwide 5G mobile network he'd promised, and with it hopes of a more competitive cell service market anytime soon.

It also means the end of some cutting-edge software EchoStar had been developing. (2/3)

Read more in my latest for @Forbes:

www.forbes.com/sites/monica... (3/3)

The sale dooms the nationwide 5G mobile network he'd promised, and with it hopes of a more competitive cell service market anytime soon.

It also means the end of some cutting-edge software EchoStar had been developing. (2/3)

Here's the story, out today from me and my incredible former colleague @jemimamcevoy.bsky.social — her last story with @forbes.com:

www.forbes.com/sites/monica...

Pierson—who portrays herself as an advocate for women and for mental health—berates her mostly-female staff, often sending employees to tears.

“There was this culture of Danny having two personalities,” says an ex-worker. “One was online, and with us she was different.” (3/4)

But not all is as it seems.

A Forbes investigation reveals that Pierson has been exaggerating revenue, subscriber, and other numbers for years. Her masterful self-promotion and hyperbole have helped her attract ever more investors, partners, and elite friends. (2/4)

3/ In my latest story for @forbes.com, I dig into the real reasons for Wayfarer’s closure — and the impact it’s having on the foundation’s nonprofit grantees:
www.forbes.com/sites/monica...

2/ At the time, many outlets reported that the shutdown was motivated by financial difficulties. But my reporting indicates otherwise.

3/ The ultra-wealthy are coping with everything from secret trackers on their kids to sophisticated online threat monitoring to full security squads. I took a look at what they’re doing, and how much it costs, for @forbes.com:

www.forbes.com/sites/monica...

2/ The nation’s wealthiest people and the companies that employ them have sought protective services at increased rates over the past few months, 13 security firms told me. Nine said they’re getting record or near-record numbers of inquiries.

3/ Neal has a bold—and risky—plan to survive the economic turmoil. He spoke to @forbes.com about it:
www.forbes.com/sites/monica...