Are there examples of companies that said “this is enough money” and stopped concentrating on having ever increasing profits every quarter to satisfy VC or stock investors? I think of this a lot lately. It seems companies don’t want to just do what they do well anymore and be satisfied with that. Can someone give me some inspiration? Companies that have such pride in their work that they aren’t constantly looking for…
Reddit's user uprising against China because Tencent will invest in the platform
101–110 of 353 posts
Re: Reddit's user uprising against China because Tencent will invest in the platform
#102Earlier quoted context omitted.
More information: The CEO edited post(s) from r/theDonald which was a horrible subreddit. They ended up creating a new feature (r/popular) to get rid of that sub. I think I'm OK with that.
Editing comments to make it seem like people are saying things they didn't is basically never OK, no matter where the post was made.
s/basically//g, it might also expose them to liability. safe harbor is already in question for sites that are moderated. I imagine editing user content crosses another legal line.
Re: Reddit's user uprising against China because Tencent will invest in the platform
#103Earlier quoted context omitted.
I would care. Deleting a post is one thing and that's fine because it's clear what was done and why, but editing a post surreptitiously is a deliberate attempt to deceive and that's not acceptable.
It was not an attempt to deceive, it was a way of visibly trolling back people who were dumb enough to libel the Reddit CEO on his own website, in extremely offensive ways. And he owned up to it very quickly after it happened.
It's a shame you are being downvoted because you are absolutely right. The myth that has been built up around this incident is ridiculous. It was essentially the same joke as those Chrome plugins that change "feminist" to "skeleton".
/u/spez's main mistake was pushing it as an actual change to the comments database. If he'd forced a CSS change or whatever this overblown censorship/deception narrative would never have arisen.
Re: Reddit's user uprising against China because Tencent will invest in the platform
#104There have been a number of planned exoduses from Reddit over the years (the banning of FatPeopleHate, some kind of succession crisis with the CEO, and the banning of the AMA mod, to name some off the top of my head), but none of them has actually materialized into anything. My question is - What is preventing this? Is it just a matter of getting enough critical mass onto the new platform? Or is there some other logi…
As Digg found out many years ago. There is nothing stopping Reddit users from leaving. The question is which straw breaks the camel's back... and also lack of viable alternatives, a la Reddit to Digg.
Apart from the fact there is no decent reddit alternative. That is after reddit offered their entire product free with the source code and data (and the data is still offered for free...)
If there was going to be an alternative, it would be here by now.
People just don't care that much, contrary to what you may believe.
Re: Reddit's user uprising against China because Tencent will invest in the platform
#105Are there examples of companies that said “this is enough money” and stopped concentrating on having ever increasing profits every quarter to satisfy VC or stock investors? I think of this a lot lately. It seems companies don’t want to just do what they do well anymore and be satisfied with that. Can someone give me some inspiration? Companies that have such pride in their work that they aren’t constantly looking for…
I work at a SaaS product that hasn’t taken any VC money. We have a modest staff, everyone gets paid very adequately, and we slowly are growing our business as our margin allows us to.
It’s not glamorous, it’s not explosive, but it does create a great work life balance. I have little fear of losing my job because we’re running out of funding, or having to build something we don’t believe in to appease shareholders.
I don’t even describe it as an internet startup to people, I describe it as an internet small business.
Re: Reddit's user uprising against China because Tencent will invest in the platform
#106Are there examples of companies that said “this is enough money” and stopped concentrating on having ever increasing profits every quarter to satisfy VC or stock investors? I think of this a lot lately. It seems companies don’t want to just do what they do well anymore and be satisfied with that. Can someone give me some inspiration? Companies that have such pride in their work that they aren’t constantly looking for…
I love the question you're bringing up. I truly want more companies to make this a goal.
A couple I can think of are MailChimp and possibly Atlassian.
I believe VC funding is mostly a trap for companies that, while it supplies and can incubate startups, ultimately just leads to more greed and never satiated investors. They'll just keep moving the line of target growth until the company is driven to the ground or, hopefully, it buys itself out of the shackles.
Maybe I simply haven't read too many stories of companies doing the latter.
Re: Reddit's user uprising against China because Tencent will invest in the platform
#107Reddit has long been plagued with censorship. The CEO edited the post of a user because they criticized him or something. I can't believe how quickly that's been forgotten. The Reddit situation reminds me of the post about failing to build a billion dollar company a few days ago. Reddit is trying to make VCs happy and continue to grow the business, but a platform like Reddit is best as a less reliant on growth, but s…
More information: The CEO edited post(s) from r/theDonald which was a horrible subreddit. They ended up creating a new feature (r/popular) to get rid of that sub. I think I'm OK with that.
Excellent. In accordance with your beliefs, let's edit your comment to replace theDonald with some subreddit that I dislike. I'm sure this is totally fine, because after all I'm confident that they're "horrible". We won't need to mark your comment as edited. This is, of course, "OK".
Re: Reddit's user uprising against China because Tencent will invest in the platform
#108Are there examples of companies that said “this is enough money” and stopped concentrating on having ever increasing profits every quarter to satisfy VC or stock investors? I think of this a lot lately. It seems companies don’t want to just do what they do well anymore and be satisfied with that. Can someone give me some inspiration? Companies that have such pride in their work that they aren’t constantly looking for…
Basecamp.
Re: Reddit's user uprising against China because Tencent will invest in the platform
#109Are there examples of companies that said “this is enough money” and stopped concentrating on having ever increasing profits every quarter to satisfy VC or stock investors? I think of this a lot lately. It seems companies don’t want to just do what they do well anymore and be satisfied with that. Can someone give me some inspiration? Companies that have such pride in their work that they aren’t constantly looking for…
Gumroad.
Re: Reddit's user uprising against China because Tencent will invest in the platform
#110Earlier quoted context omitted.
People that won’t let that prank go have no business in any discussion about the platform. It’s a completely disingenuous argument.
The issue was that the "prank" demonstrated the amount of power the Reddit admins had over the site, and created discussion as to whether it could be abused.
Of course someone has access to the actual database, no one needed a demonstration to understand that.
It was a prank, a troll on the trollingest people on the platform. That’s all.