Yesterday, I wanted to write a comment on a programming sub with some advice. But I decided not to because I ain't training reddit's AI product. This has happened repeatedly the last few weeks, and on many other platforms like github as well, I wanted to post something but decided not to, because I can't get over the fact I'll be training someone's AI.
Full Interview: Reddit CEO Steve Huffman Isn’t Backing Down
61–66 of 66 posts
Re: Full Interview: Reddit CEO Steve Huffman Isn’t Backing Down
#62> It seems like a lot of these folks are smaller — maybe one person — and they’re just being forced to shut down. Are those the folks that are making millions?
> > The ones we’ve talked about today, yes. Once they’ve thrown in the towel, they’re doing quite well.
> Can you give any sense of scale, how well they’re doing?
> > You’re talking to them, go ask them! Millions. He said how many subscribers he has, his price list is public. [Selig did not deny the “millions” claim when reached for comment.]
That really says it all, doesn't it?
Re: Full Interview: Reddit CEO Steve Huffman Isn’t Backing Down
#63> Interviewer: I don’t know if I agree with the characterization that Apollo is a fully direct competitor of Reddit. > Huffman: Okay, hold on, timeout. You go to the App Store, you type in Reddit, you get two options, right? There’s Apollo. You go to one, it’s my business, and you look at our ads, use our products. That’s 95 percent of our iOS users. The rest go to Apollo, which uses our logo, or something like it, t…
Huffman has a point. How hard would it be for Apollo to establish their own APIs and hosted infra? Not hard I suspect. For instance they could allow users to cross to both Reddit and Apollo when creating new content, etc.
Re: Full Interview: Reddit CEO Steve Huffman Isn’t Backing Down
#64> We don’t have to meet our deadline. We told folks hey, we need to come up with a plan, or we’re going to start billing you on July 1st. I don't understand why he keeps doing these interviews, he's just terrible at responding to completely predictable, reasonable questions.
One of the most dislikable CEOs I can think of. He's clearly tilted from one guy making a better product than 2000 people under his leadership. How embarrassing it must be for everyone.
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Re: Full Interview: Reddit CEO Steve Huffman Isn’t Backing Down
#65I understand their desire to become profitable as a business, but the way Reddit has gone about this does not fill me with confidence regarding any hypothetical IPO they may be considering. An executive openly attacking community members and developers, some of whom originally wrote the app that Reddit the bought to brand as their official one, as ‘not the intended users’ of the API is just misleading. They clearly s…
I think I understand the perspective of shareholders. Reddit was valued $10B at last funding round. They would rather prefer the company to die with say 10% chance of becoming 5x, than drop the valuation to $1B which would be the case if current revenue continues. So they are making changes, and it doesn't even matter if the changes are most likely very bad for the company. I don't think they are naive to think that…
Are there any sources for projecting / predicting likely valuation over the course of the RedditStrike?
Re: Full Interview: Reddit CEO Steve Huffman Isn’t Backing Down
#66I understand their desire to become profitable as a business, but the way Reddit has gone about this does not fill me with confidence regarding any hypothetical IPO they may be considering. An executive openly attacking community members and developers, some of whom originally wrote the app that Reddit the bought to brand as their official one, as ‘not the intended users’ of the API is just misleading. They clearly s…
I think I understand the perspective of shareholders. Reddit was valued $10B at last funding round. They would rather prefer the company to die with say 10% chance of becoming 5x, than drop the valuation to $1B which would be the case if current revenue continues. So they are making changes, and it doesn't even matter if the changes are most likely very bad for the company. I don't think they are naive to think that…
The problem with this reasoning is there is no 5x path from the current actions. The API change is designed to kill the apps, not raise revenue.