How about let it die a 1000 necessary deaths like digg? I'd vote for that.
One Way to Reform Reddit: Give Users a Share in Profits
41–47 of 47 posts
Re: One Way to Reform Reddit: Give Users a Share in Profits
#42Earlier quoted context omitted.
Prior to taking on a $50M round? Maybe. Now they owe it to their investors to offer the biggest return possible. And there are some big names on the cap table: http://i.imgur.com/BSALe7M.jpg
They sold 16% of their company. Are you saying the interests of minority stakeholders--no matter how small-- outweigh the interests of all other stakeholders in the company?
Did those minority stakeholders get disproportionate representation on the board as part of the investment?
Edit to add: Also, Advance Publications may also be pushing for big gains.
Re: One Way to Reform Reddit: Give Users a Share in Profits
#43It's a little bit ridiculous that a webpage serving millions of unique visitors every day cannot manage to turn a profit. A savvy business person would do a lot for a head start like that. I think that the whole website is pretty bad. It's old and crummy, easily one of the worst designed popular sites on the internet. Open a new one as a subscription service, leave the old one open for free as it is right now. I mean…
I don't think you can say that and simultaneously be on hackernews without sounding a bit hypocritical (if that the correct word) Also I believe, Reddit has the userbase it does not for its design but for its the community.
The community on reddit isn't fantastic, it is just large.
Successful subscription models have been employed in the past. A lightweight paywall intended for a large user base covers operational costs, weeds out users who are just there to spam or troll, and reduces policing. It also cuts down or legitimises multiple accounts handled by the same user.
Popular reddit accounts sell on ebay so it isn't like nobody out there has money. Go ahead and downvote me. I feel the same way about it as I do when I try to explain the failings of Bitcoin. There are people passionate out there about whatever.
Re: One Way to Reform Reddit: Give Users a Share in Profits
#44Earlier quoted context omitted.
I think you fundamentally misunderstand reddit.
Please help us understand reddit by sharing your understanding about reddit.
Reddit actually has one of the better mobile interfaces I've used (certainly better than, say, Hacker News). I'm referring to i.reddit.com, not the new one that they're trying to push on people.
Reddit is thriving on community and gigantic network effects. If I were them, I would essentially do what their new CEO is currently doing: ask the community what they think would work (he's doing regular AMAs and I expect monetization will come up frequently). That's probably why I'm not too worried about it currently.
Re: One Way to Reform Reddit: Give Users a Share in Profits
#45One way to reform Reddit is to not allow white suprimist terrorist groups, or any other, for this matter to exist there. It has nothing to do with free speech and it seems one sided right, when it applies to Christian's hate towards everybody, yet not tolerated, rightly, when it's "Muslim" extremist.
Re: One Way to Reform Reddit: Give Users a Share in Profits
#46One way to reform Reddit is to not allow white suprimist terrorist groups, or any other, for this matter to exist there. It has nothing to do with free speech and it seems one sided right, when it applies to Christian's hate towards everybody, yet not tolerated, rightly, when it's "Muslim" extremist.
Christian's hate towards everybody?
Stop and think, you're incoherent.
Re: One Way to Reform Reddit: Give Users a Share in Profits
#47I can see this ending badly for reddit, if implemented. Farhad Manjoo uses the words "worker-owned cooperative" in the article. If moderators start being compensated by reddit, even if only with shares, I can see them using that as an argument that they are "employed" by reddit. That employee designation isn't working out so well for Uber in California.