Reddit’s blackout protest is set to continue indefinitely

Post by MuffinFlavored » Thu, Jun 15, 2023, 4:18 PM UTC

ahahahahah wrote: post #124

MuffinFlavored wrote: post #44

major subreddits keeping reddit alive basically: r/politics r/worldnews r/movies r/tech r/television r/news r/technology r/gadgets r/sports minor ones i've noticed: r/indieheads r/boxing It's a pretty serious blackout, but it'd be even more serious if those went dark too (and stayed dark).

The "major" subreddits you listed are ranked #74, #76, #77, #4020, #946, #165, #875, #2324, and #1584 by posts per day. The claim that they are "keeping reddit alive basically" is rather generous.

Post by this_user » Thu, Jun 15, 2023, 4:19 PM UTC

sempron64 wrote: post #120

PKop wrote: post #115

Earlier quoted context omitted.

How do these independent servers cover the costs of "success", if more users join it's more cost, more moderation hassle. Who pays for it?

Who pays the moderators of all the major subreddits?

Post by chongli » Thu, Jun 15, 2023, 4:19 PM UTC

PKop wrote: post #115

chongli wrote: post #37

I was really skeptical of lemmy [1] when I first heard about it during the blackout. I joined yesterday and it completely changed my mind. Yes, it is going to face some growing pains (see the total user growth in the past few days) [2] in the coming weeks and months but it really has the potential to replace Reddit with a federated system of communities. One that won't be damaged by investors or executives attempting…

How do these independent servers cover the costs of "success", if more users join it's more cost, more moderation hassle. Who pays for it?

Post by Exuma » Thu, Jun 15, 2023, 4:21 PM UTC

crystalmeph wrote: post #130

Exuma wrote: post #56

Earlier quoted context omitted.

This is a very stupid question - but can someone explain what the "interest rates" and "no more free money" replies mean? Is it because reddit isn't profitable so relies on constant money supply from investors? Or is it something else

The Federal Reserve, the central bank of the United States, has been raising interest rates very aggressively for the past year and a half to fight inflation. This has ended a very long-lived policy of near-zero interest rates which has been in place since 2009, the Great Financial Crisis. When you borrow money from the bank, i.e. to fund the operations of a money-losing site like Reddit, ultimately the interest rate…

Post by cragfar » Thu, Jun 15, 2023, 4:21 PM UTC

Exuma wrote: post #121

cragfar wrote: post #97

Earlier quoted context omitted.

3 month T-Bills are 5.2% (was .04%). 2 years are 4.7% (was .15%). Hypothetical future profit for companies that have been around for 10+ years is no longer good enough.

I see, so reddit being around for quite some time, people are just going with high interest treasury bills to put their money. Thanks