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The Reddit blackout will continue

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Re: The Reddit blackout will continue

#121

Post by mnky9800n »

gandalfgreybeer wrote: post #78
throwbadubadu wrote: post #37

1. I don't get the protests.. at this point Reddit should just die for the attempt, just leave ship. 2. At the same time not getting the execs. Are they not seeing the damage done right now? Why not give in, appease protesters, and go more to a boiling frog approach? (IPO money grab desire must be very real?) 3. Because of 2, it is 1 anyway. I mean two things will happen...either Reddit dies quickly, or more likely i…

I think the main problem for most people is not having another ship to jump onto.

Real life? There are so many conversations here, and elsewhere, that seem to imply people must have access to something like Reddit. But why? I mean spend your time doing what you want, but I stopped looking at Reddit regularly a long time ago and my life is much better for it.

Re: The Reddit blackout will continue

#122

Post by larksimian »

NovaDudely wrote: post #93
larksimian wrote: post #66

Earlier quoted context omitted.

Bollocks. Tumblr is still around and probably has been losing money for longer than people here have been alive. No one is throwing away the kind of audience reddit has. Now the CEO might lose his job, but let's not get that twisted up with Reddit's survival.

Brian Lunduke back in 2019 when Reddit took $150 million from Tencent basically said that Reddit would be a company in trouble with in 5 years. His argument was that it shouldn't cost that much to run the place and as such they would have to start pleasing investors and not users. The argument was that you can buy an obscene amount of storage and bandwidth for only a fraction of the money they were raising. It is eve…

If they charged like $2/year/user for 3d party API access they'd be profitable and no one would be that outraged.

Their expenses are still absurd given that, from my perspective they've literally done no improvement to the product in the last 5 years or more. Just maintain the API, have some staff to run the servers, pay a few admins to support the mods and feature freeze Reddit the site as much as possible.

It's way crazier that Reddit has 2k employees than that Twitter had 4k or whatever.

Edited from $2/month/user to $2/year/user.

Re: The Reddit blackout will continue

#123

Post by kikeap »

johnboyega wrote: post #96

server costs money and reddit is not charity either. If they provide a good product that you use everyday, then why cant they charge for the api?

Yes, I think most of us (Reddit users) understand that Reddit needs to make money. But you cannot rollout a critical pivot like that one lying and destroying people that has help you grow and thinking your users are stupid.

That's were I put the limit with Twitter, and it's were I'm putting it with Reddit too.

Re: The Reddit blackout will continue

#125

Post by VWWHFSfQ »

This is reminding me of when all the Vine power creators banded together and tried to make demands or they would "stop creating" and all it resulted in was Twitter deleting them and their entire website.

Don't be surprised if Reddit starts taking some pretty drastic action here on the grounds that they're violating one of the site's oldest rules which is "don't break Reddit".

Not saying it's good or bad, but just that this is almost definitely not going to go the way these people think it will.

Re: The Reddit blackout will continue

#126

Post by dehrmann »

mise_en_place wrote: post #32

The Reddit IPO is shaping up to be the biggest pump and dump scam in recent history. The question is, how bad will the liquidity be when the sell side of the order book vastly exceeds the buy side.

Fidelity marked down its investment by 41% (you see similar numbers across tech), so I don't see the pump. What will make it interesting are the risk disclosures.

Re: The Reddit blackout will continue

#127

Post by mattmanser »

bredren wrote: post #64
jampa wrote: post #22

It’s impressive how their CEO keeps shooting himself in the foot on this one, he could compromise a bit by at least expanding the deadline on the pricing changes, but instead he decides to provoke and double down. The leaked internal memo, which is obvious that would leak (after all it is a 2,000 person company) is a clear provocation: > We do anticipate many of them will come back by Wednesday, as many have said as…

[flagged]

Enough with the ChatGPT already.

If you didn't write it, don't post it.

Re: The Reddit blackout will continue

#128

Post by wetwater »

The one very weird thing that I am realising now is that , reddit feels really good due to blackout. I only get updates from my niche subs, no more rage, and I close the app after a few minutes. Its like i got back the old reddit inadvertently .

Re: The Reddit blackout will continue

#129

Post by zozbot234 »

gary_0 wrote: post #77
jampa wrote: post #22

It’s impressive how their CEO keeps shooting himself in the foot on this one, he could compromise a bit by at least expanding the deadline on the pricing changes, but instead he decides to provoke and double down. The leaked internal memo, which is obvious that would leak (after all it is a 2,000 person company) is a clear provocation: > We do anticipate many of them will come back by Wednesday, as many have said as…

If they bored people with "we listened" PR waffling while just being more sneaky about user-hostile changes, they could have gotten away with anything. I mean, that's the playbook, isn't it? But blatantly giving your unhappy users the finger is a great way to keep them angry and thus motivated. Steve Huffman has set millions of dollars of value on fire and damaged Reddit's brand for no apparent reason (except maybe a…

> just being more sneaky about user-hostile changes, they could have gotten away with anything. I mean, that's the playbook, isn't it?

Isn't that pretty much what Reddit was doing before spez came back as CEO, though? (Where being "sneaky" about user-hostile changes also included de-facto exempting the users they rely on most from them - their volunteer mods and, to some extent, their 'power' content contributors.) This screwup has all played out within a month or two - there were smaller controversies before, but nothing compares to this.

Re: The Reddit blackout will continue

#130

Post by exreddit »

Extasia785 wrote: post #75
garfieldandthe wrote: post #29

Honest question since I don't really know how reddit works: Why can't reddit just forcefully re-open the subs that have been taken private? Mods are using powers given to them by the platform and I don't get why they are not being stripped of (some of) those powers.

They could re-open it. But the last time we had a popular unmoderated subreddit, it became a mixture of porn, onlyfan models and Donald Trump / Jeffrey Epstein posts. Good OOTL if you want to give Reddit a click in these times: https://old.reddit.com/r/OutOfTheLoop/comments/gfo102/what_i... In the end Reddit and Mods are co-dependent on each other. Mods use the platform provided by Reddit, but Reddit uses the volunta…

Imagine the return of /r/creepshots and /r/jailbait, but on defaults.
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