Live data from Hacker News

Reddit Strike Has Started

reddark.untone.uk

501–510 of 1001 posts

Re: Reddit Strike Has Started

#501
post #480

Earlier quoted context omitted.

The joke definition of Web 2.0: You make the content, we make the money. Well, don't piss off the content makers, or the content consumers.

Uh doesn't Reddit owe its community 10% per sama's Series B article https://blog.samaltman.com/reddit ? "So, the Series B Investors are giving 10% of our shares in this round to the people in the reddit community, and I hope we increase community ownership over time." Whatever happened to this? Will we end up getting it before or after sama gives us UBI, open AI, and fusion completely altruistically?

Why haven’t we heard about this more widely?

Re: Reddit Strike Has Started

#502

There's a good number of people saying this strike is meaningless and reddit's API change will only affect a tiny % of users. I want to explain why I believe they are wrong. Engagement is a power curve. Most content is created by a small subset of users. I think it is a fair to say that if you use and especially pay for third party tools, whether that be a client or something like RES, you are more than likely a powe…

> Engagement is a power curve. Most content is created by a small subset of users.

This is it, and it's the same with Twitter. At some number of connection in the social graph, or some amount of content produced, a user becomes more valuable than the ad money they could bring in. i.e. the opportunity cost flips, and it's worth giving up the ad revenue or API usage in order to keep them. To use an extreme, if a Kardashian said they were leaving Twitter, it would obviously be worth a lot of money to keep them on the platform. But my guess is that the percentage of users bringing more value than their ad revenue is closer to 1 in a 100 than 1 in a million.

As you said this then plays into the third party client issue directly, because those users are almost by definition power users, and power users get so much value out of third party clients with micro optimisations for their use-cases.

The problem is that this feels so obvious that I can't believe Reddit (or Twitter) don't have a measure of this internally, and I don't know why they wouldn't be optimising for it. My only conclusion is that it's too much nuance for a Musk-driven product team to handle, and that Reddit are shit-scared that they're going to collapse before IPO'ing and can't make rational decisions.

Re: Reddit Strike Has Started

#503

Earlier quoted context omitted.

I think there's a fundamental conflict, in that these network effect businesses are terrible as for-profit businesses. They're of great value to those who use them, and indirectly to society as a whole. Yet there's no good way to monetize them (nor does there need to be monetization), and trying to do so damages the functionality of the network. Both Twitter and Reddit would likely be better off (from the POV of the…

Is Facebook not a network effect business? It’s not only wildly profitable but bigger than those two combined. Twitter and Reddit are just run by incompetents who can’t figure out how to advertise anything relevant.

Twitter and Reddit are messageboards. Like Hacker News. Every time they do something controversial, someone thinks Usenet needs to be reincarnated.

Trying to monetize that at scale is hardddd.

Facebook has got groups, yes. But they have instagram. Messenger. Whatsapp. They have my friends and family. They have my photos going back 10 years. Facebook is personal to many people.

I don't see Twitter and Facebook being interchangeable.

Re: Reddit Strike Has Started

#504
post #496
post #475

Earlier quoted context omitted.

Yes, it is. Why wouldn’t it be? Third party apps benefit the platform, especially in the early days. They result in more content from power users and easier moderation, so they contribute to revenue and aren’t only a cost. They generally have extremely low overheads though, with nearly all being the work of just one or two developers. The profit they bring in is minuscule compared to what Reddit is looking to achieve…

Eh, even if we can agree on it being fair I still don't see anything wrong with what Reddit is trying to do. While the profit might be minuscule compared to what Reddit is looking for, its still currently more than reddit is making. I don't think a person using a third party app necessarily implies they are a power user or better at moderation. Hell, in the beginning reddit didn't even have a mobile app and the only…

If reddit needs to capture every hundred-thousand dollar niche, there is no room for any ecosystem whatsoever. That's a choice they can make, but it might not go the way they want in the long run.

Re: Reddit Strike Has Started

#505
post #212
post #39

Earlier quoted context omitted.

Yes: https://www.wired.com/story/tiktok-platforms-cory-doctorow/ First, platforms are good to users to attract them. Then, they abuse users to attract advertisers. Then, once they think they have a moat, they abuse both sides to extract as much money as possible before it all crashes down.

It is astonishing to watch the enshittification of Reddit and StackExchange at the same time. I would say, as much as there is such a thing and it can be dated, Jun 9, 2023 was the end of Web 2.0 -- we found out reddit is not backing down and SE has disabled the backup job to archive.org. For SE the death march to enshittification has been much clearer, starting with the hiring of the new CEO, the firing of community…

[dead]

Re: Reddit Strike Has Started

#506
post #496
post #475

Earlier quoted context omitted.

Yes, it is. Why wouldn’t it be? Third party apps benefit the platform, especially in the early days. They result in more content from power users and easier moderation, so they contribute to revenue and aren’t only a cost. They generally have extremely low overheads though, with nearly all being the work of just one or two developers. The profit they bring in is minuscule compared to what Reddit is looking to achieve…

Eh, even if we can agree on it being fair I still don't see anything wrong with what Reddit is trying to do. While the profit might be minuscule compared to what Reddit is looking for, its still currently more than reddit is making. I don't think a person using a third party app necessarily implies they are a power user or better at moderation. Hell, in the beginning reddit didn't even have a mobile app and the only…

> Eh, even if we can agree on it being fair I still don't see anything wrong with what Reddit is trying to do. While the profit might be minuscule compared to what Reddit is looking for, its still currently more than reddit is making.

Reddit has also expanded its staff count (and therefore costs) dramatically to chase new product areas and has seen big jumps in revenue. They’ve clearly been chasing growth in revenue and user numbers over profit. It doesn’t meant they couldn’t be profitable based on what they have.

> I don't think a person using a third party app necessarily implies they are a power user or better at moderation. Hell, in the beginning reddit didn't even have a mobile app and the only options were third party apps.

Not every user of a third party app is a power user, but power users and mods are almost certainly using third party apps & tools. The shutdown statements made by so many sub moderators back that up.

> Hmm, I wonder how they can provide that with such low developer counts - maybe because Reddit as a service is subsidizing the majority of the value the third party apps are capturing.

That doesn’t make any sense. They’re not replacing the platform, they’re just an interface to it. The better point of comparison is to the official Reddit apps, which are much worse in almost every way than the third party equivalents despite being built by teams of engineers. They don’t even have proper accessibility.

> It’s entirely within reason for Reddit to want to capture that value instead of giving it away to free to third party apps.

Not if it results in a drop in engagement from power users and moderators, which would in turn result in less content, a worse experience for users, fewer users returning or joining up because of that, and thus less revenue over time.

Re: Reddit Strike Has Started

#507
post #452

Honestly good riddance to most of the mainstream subreddits with powertripping mods. The same people have been moderating for free (because they are power-addicted) for more than decade and this is a good opportunity to start new subreddits. Could it be that reddit actually wants the 'strike' to shake up the stagnant subreddit/moderation situation which hasnt changed for so long? If any of you is starting new subs, p…

> Could it be that reddit actually wants the 'strike' to shake up the stagnant subreddit/moderation situation

Not likely. Reddit already controls the r/popular feed which is the default experience and highly influences traffic.

Re: Reddit Strike Has Started

#508
post #58

Usually I am anti-internet stunts like this. The vast majority of boycotts are dumb wastes of time. That said, Reddit should have built better mod tools before making their api change. I think people complaining about not having 3rd party apps to browse reddit is "meh". But moderators need to be able to do their jobs.

Afaik, mods get free Reddit API usage for any tools. There’s been some misinformation being thrown around that claims they also are subject to the API price changes.

Source? My concern is that the 3rd party tools will shutdown or stagnate if usage drops to basically just mods. Reddit doesn't support mods, so it's looking grim.

Re: Reddit Strike Has Started

#510

Hopefully this starts a "battery" approach to dealing with APIs, 3rd party apps, keys and a way for end users to quickly and seamlessly sign up to use services via 3rd party apps. Why not.. 1. User installs 3rd party app 2. You accept reddit TOS, an API key is attached to your account. It could even be integrated into apple/android keys or user subscription models. You pay either directly to reddit or via your paymen…

This still needs a network effect to get started
Post reply on HN