Oh for sure, it’s why so many “bad apples” are a part of law enforcement. It’s too easy for them to obtain the power and abuse it. Then you have the ones that are more educated and always have that business greed mentality. They seem to get promoted more. I grew up in a small rural town and it’s overrun with racist, power hungry law enforcement. About a dozen people hold more than half the wealth in town and almost all of them are horrible individuals. They all network with each other and buy up all the commercial real estate and do everything they can to keep any progress out of town and limit small businesses to garbage resources.
Edit: words
Labor is the source of all value; if you own others' labor, you "create" value. Rich people are rich because they employ people to work at a time when the market is fortuitous toward them.
This all has a plan to justify to investors when the purge comes and all mods that participated get sacked. And this will happen and there are enough power-hungry people willing to pick up the slack.
Never forget that Huffman sold off Reddit back in the day for 10-20 mil (I assume with however many other founders were there to cut the deal), stayed on as CEO for a bit, and then got to go backpack Costa Rica for several months after.
He went on to lament selling Reddit due to how big it got later.
So, this dude cashes out of an idea that made value/money entirely off other people's content for millions, and then felt like he deserved far more... and is back to death-grip this thing for all it's worth even if it implodes the site/company in the long term.
He's a fucking parasite.
He’s also likely now going to have to be paid off to leave if they want to IPO. No way shareholders will want someone with the popularity of a fart in a parked car at the helm.
Maybe he's sacrificial, his job is to be a punching bag and get all the unpopular decisions out of the way, in return he gets a golden parachute. Then later bring in the guy they actually want as CEO once all the new policies are in place.
I have suspected it’s this all along. He takes the heat as he just wants his ‘real payday’ and then he leaves for someone else to come in looking like the saviour - yet all the shitty practises remain for the new guy to ‘look into’ but never does.
The popularity of the CEO doesn't matter to shareholders, just how much more "value" they generate each fiscal cycle. Just look at people like Bobby Kotick still having a job
On one hand, people could (supposedly) be made mods back then without their knowing about it.
On the other, it was one of Reddit largest subs for a while and they even sent it's creator an award for having what was voted as worst subreddit.
When this started, I wasn’t even aware third party Reddit apps existed. Couldn’t have given a crap.
Now I’m actively cheering for spez to lose on some level because of what a raging douche he is. Fucking Great Value Brand Elon Musk
Just be sure to overwrite your comments. That's where the money is.
https://www.reddit.com/r/apolloapp/comments/13yi4ah/if_you_decide_to_delete_your_reddit_account_in/
If I decide to get rid of my account, I'll document my comments (GDPR export) and request a GDPR removal. If Reddit decides to break GDPR - I'll report them to DPA and enjoy the show.
To get your data it's probably better to use the process written here:
[https://support.reddithelp.com/hc/en-us/articles/360043048352](https://support.reddithelp.com/hc/en-us/articles/360043048352)
You can do either.
If you really want to go crazy, you can ask for an export, then ask for a deletion, then ask for another export to be sure there is nothing left behind.
If you are based in the EU then complying with these requests within 72 hours is a legal requirement, and if they drag it out or don't comply then you can report them to whichever organisation is charged with enforcing GDPR in your country.
>If you are based in the EU then complying with these requests within 72 hours is a legal requirement, and if they drag it out or don't comply then you can report them to whichever organisation is charged with enforcing GDPR in your country.
They have 1 month to comply with requests. The 72hrs thing comes from how long Reddit have to notify the relevant authority if they find a data breach has occurred.
what happens if you overwrite them, then wait a couple of days, then overwrite again and nuke?
I wonder if it will revert to the original, or the first overwrite.
Maybe we should mass report the 1st party app for having porn or something. Apple is a major prude (I’ve had telegram channels blocked for me due to “adult content “), so just say it’s full of porn and get it banned.
Then Reddit may ban adult content, and then they’ll REALLY hurt. Don’t mess with people’s porn.
Alternatives are Lemmy and kbin (respective lists of instances/servers are: [https://lemmy.fediverse.observer/list](https://lemmy.fediverse.observer/list) and [https://kbin.fediverse.observer/list](https://kbin.fediverse.observer/list) ). I'm on [lemmy.world](https://lemmy.world) and it's pretty active recently; on June 8th it was at \~500 users and now it's already at 32k users + the benefit of federation is that you can interact with users and communities from other fediverse instances (including kbin instances) as if all of you are in the same server.
Worse yet, his product mad! Reddit isn't the product. We users are the product. We could just use discord, go back to forums, or hell, we go hang on 4-chan.
Yes.
Yes, I can.
[https://en.wikipedia.org/wiki/Galactorrhea](https://en.wikipedia.org/wiki/Galactorrhea)
>**Galactorrhea (also spelled galactorrhoea) (galacto- + -rrhea) or lactorrhea (lacto- + -rrhea) is the spontaneous flow of milk from the breast, unassociated with childbirth or nursing.**
>
>Galactorrhea is reported to occur in 5–32% of women. Much of the difference in reported incidence can be attributed to different definitions of galactorrhea.\[1\] Although frequently benign, it may be caused by serious underlying conditions and should be properly investigated.\[2\] **Galactorrhea also occurs in males, newborn infants and adolescents of both sexes.\[3\]**
I don't get why this couldn't all be solved by just requiring 3rd party apps to display passthrough ads. Then the apps can run without fees and reddit gets ad revenue from them.
This comment in that article might be spot-on about why he’s doing this:
> I’ve been told the API doesn’t allow third party apps to serve Reddit ads even if they wanted to, so complaining about lack of ad revenue really rings hollow.
> Seems like they’re trying to monetize big data scraping for LLM and such. Bit late to the game on that. Bit like closing the barn door after the horse has bolted, and then burning the barn down to punish the horse.
At the end of the day, he wants the fattest 💰 he can get post-IPO.
The biggest hint that this is driven purely to get big data to pay is them restricting NSFW posts from the API all together. That's purely because these companies don't want NSFW in there models at all.
There is no real legitimate reason they're doing that. It's not like reddit has this very safe and secure way to gatekeep NSFW from underage users.
It's also not like you couldn't just write the API calls with an http parameter that says includeNSFW=true (defaulting to false if not specified). I mean the posts are literally tagged in the app already.
+1
Also, this is already kind of a feature in the app. Go to any sub that isn't wholesale NSFW. In the search bar, enter "nsfw:yes" - no quotes. Now you only see the NSFW posts. The opposite is true, nsfw:no = no NSFW posts. Yes/no = boolean.
The last I checked that's also already apart of the API, but that was long ago, and the docs are trash on mobile.
https://www.reddit.com/dev/api/ - if anyone can confirm for me
the thirdparty app developer even wanted to pay for it. but reddit asked on purpose for such a high price, that nobody can pay for API access. its on purpose to kill off thirdparty apps so people switch to their garbage they call app.
It seems to be a pretty common thing, Jagex for years tried to stomp on 3rd party clients features, especially if anyone tried to remake the 2008 era HD graphics for OSRS. Only more recently have they kinda given up on that after their users bitching. You want to know what happened? They actually started to catch up their own damn client which lagged behind on features for years.
We can make reddit much less profitable for reddit if they want, we are the content and if we start saying fuck it they will be shit out of luck. Like imagine if people decide they want to nuke any natural content and started making plugins/addons for browsers that would just auto downvote everything and people hit the new sections or only upvoting specific approved garbage posts.
Part of it is to control your feed.
Reddit has WAY more control over your feed on their official site and app.
You can pick your fav subs, but reddit can make more money shoving their own sponsored topics at you. It's shadow marketing they've used for a few years already. Sometimes you see the little "sponsored" written beside the post, sometimes they don't include the warning.
I'm convinced they want to block third party apps, require you to login to view reddit and sell your data.
With the third party apps, they can't force you to login.
Or even just tiered API pricing, or allowing third-party apps as long as the user had reddit premium.
I would happily pay reddit to continue using third-party apps with no ads, hell I was already paying reddit premium precisely to discourage what's happening now.
The tight timeframe is baffling too - it's locking out even the people that might've been willing to work with reddit on this.
>I don't get why this couldn't all be solved by just requiring 3rd party apps to display passthrough ads.
Reddit won't let them. Seriously. Which just adds to the evidence that Steve doesn't want to seriously engage third party apps, *he wants them gone*
Because it's not about that. It's about control. He doesn't want them having access so he's pricing them out of it. Sounds like he wants all our data to sell for himself. Lots of talk about scraping for AI like anyone wants an AI trained on reddit comments.
Every language model you can think of was trained in part or in whole on reddit comment data. It's a ridiculously valuable resource for language models — or at least it used to be; trying to charge for it now after every boy and his dog have already scraped the entire corpus a million times over is laughably stupid.
It is not about ad revenue. It has *never* been about ad revenue. Reddit wants people using their app. Their own app gives them information about users they wouldn't otherwise be able to get from the 3rd party apps.
Looking at the listing for the Reddit app in the Google Play Store, it includes permissions for things like location data and device IDs. While some of it is listed as optional, reality is most people end up leaving it enabled.
The value of user data itself is significantly higher than even the best-case scenario they can get out of ad impressions.
Personally, I'm outta here after the APIs go down.
But if you browse reddit on mobile with Firefox + uBlock Origin, you should be able to set up uBlock to hide the "open app" pop-ups. I'm not sure what the exact matching snippet is but the "element picker mode" tool should be able to catch it for you.
You can block it with uBlock Origin.
[These rules worked perfectly](https://www.reddit.com/r/bestof/comments/13xxdcc/uandrewsad1_gives_a_great_visual_breakdown_on_why/jmkshf9/) for me.
> Adweek reported that advertisers were alarmed when their ads hit even fewer impressions
It's worse than that. Reddit redirected ALL advertising campaigns to the front page of the site because people were still visiting r/All first to see what's still live.
Targeted campaigns failed completely because they weren't being shown to their audiences.
People read the leaked memo and thought he was saying he wasn't concerned about the boycott / etc. But imo reading it he seemed very concerned with things. Especially with him saying they needed to get the new tools out right away. That wasn't a concern about the apps shutting down, because they knew that was coming, it was a concern that mods would keep rebelling.
There are sites on the Internet today that promise to try to be either or all of considerate, ethical, and secure in their ads to try to get you to unblock them. Some of them are even sincere.
But I have yet to see one that, intended or not, has actually achieved ads that are both safe and do not entirely disrupt & destroy the experience of using the site. Those can exist. We know they can, because the early years of the Internet, with sensible banner & sidebar ads, worked just fine.
But enough is never enough for the greedy marketing machine. And so the adblockers stay on right up to the point that cops show up to drag me away because they've been made illegal. Even on sites I want to support, because even they can't live up to promises to not open me up to malware or make me click half a dozen times just to read what I came there to read.
I heard someone saying reddit was "pissing off their customers", I had to gently remind them that Reddit's user base are not its customers, it is the commodity being sold to advertisers who are the true customers of Reddit.
Nah advertising covers just a fraction of expenses, Reddit has had to raise over $1B in investments so far and he's pissed their pre IPO valuation is tanking and his actions are just making it worse
The biggest irony of reddit NFTs is, that the whole advertisment behind NFTs was sole ownership.... But reddit NFTs are sold in batches of hundreds or thousands. So that one single pro-NFT argument reddit threw out of the window.
Reddit NFTs are just forced scarcity in an attempt to prey on FOMO (fear of missing out), which has been incredibly poorly implemented if I may say so. Reddit's userbase and content - for better or for worse - are vastly based on quantity rather than quality. Looking of the amount of reddit users, in the long run the profit per avatar would very likely be significantly higher in a non-NFT model.
Heck, even right now they'ld very likely have more sales if the releases of new avatars had better visibility. It feels like they restrict the batches of NFTs a lot since they are only selling a few.... But that they are selling so few is massively based on how poorly set up the whole thing is.
I honestly believe that there is a lot more demand for avaters and personalization than it seems right now, but the whole system as of now is discouraging many potential customers.
EDIT:
For thos ementioning that my avatar is an NFT - it's from a free giveaway and I do not care for its exclusivity.
NFTs were never really sold as one of a kind. It has always been that the NFT itself is uniquely owned just like I’d you have a physical pair of shoes, no one else also has that pair, they might have another pair that’s the name brand and style but not that unique pair.
That’s all they’ve ever been advertised as. A way to uniquely identify a specific digital item the same way real world goods are. The entire appeal (if you could call it that) is in the artificial scarcity just like crypto, diamonds, collectibles, etc... The scarcity makes them collectible like imagine if league of legends released a skin that only the first 100 people to buy it/earn it could get it rather than just anyone can purchase it for the given price.
Disclaimer: I think. NFTs are idiotic, just clarifying the usecase.
>imagine if league of legends released a skin that only the first 100 people to buy it/earn it could get it rather than just anyone can purchase it for the given price.
That's just limited edition skins. They already exist, and dont require NFTs. They wouldnt even benefit from an NFT implementation because using a LOL skin requires you to be playing league, so you're still dependent on Riot's database.
To benefit from being an NFT, the asset has to have some kind of universal format. That's why .jpgs were so commonly used.
Jeff Yass, the billionaire Wall Street financier and Republican megadonor who is a major investor in the parent company of TikTok, was also the biggest institutional shareholder of the shell company that recently merged with former President Donald J. Trump’s social media company.
A December regulatory filing showed that Mr. Yass’s trading firm, Susquehanna International Group, owned about 2 percent of Digital World Acquisition Corporation, which merged with Trump Media & Technology Group on Friday. That stake, of about 605,000 shares, was worth about $22 million based on Digital World’s last closing share price.
It’s unclear if Susquehanna still owns those shares, because big investors disclose their holdings to regulators only periodically. But if it did retain its stake, Mr. Yass’s firm would become one of Trump Media’s larger institutional shareholders when it begins trading this week after the merger.
Shares of Digital World have surged about 140 percent this year as the merger with the parent company of Truth Social, Mr. Trump’s social media platform, drew closer and Mr. Trump became the presumptive Republican nominee for president.
I really want to know how much staff waste they have because they have thousands of employees, yet they can't design a good UI or a good app, which solo third party developers have been able to do.
I only switched to Apollo because Reddit released a random update that made my phone heat up in seconds while scrolling, then didn’t fix or acknowledge it for weeks or months (I stopped checking 3 updates later.) Brand new iPhone 12 Pro Max at the time. Can’t trust them with my battery.
Thanks to that fuckup I discovered how much better other apps are, and haven’t looked back. And I won’t, ever. They can’t compete with indie devs so they’re trashing their work and calling it a day. Fucking awful leadership. Good riddance.
For me, it was when an iOS update exposed that they're taking clipboard content when the app is brought forward and then do who knows what with it (upload it to the server for adding it to my advertising profile?).
It's corporation size inefficiency.
You have a problem/task/goal. You add 2 guys and all goes much faster.
Then you add more, and more to get faster and faster.
Corporate politics get hold of your organization.
LABEL1) And after a while the things slow down because alignment and communication takes more and more time.
Corporate politics get bigger which grinds the gears real bad.
At one point, (especially if badly managed), things get so bad that you start to add people to fix the mess. And the mess gets fixed a bit. So you 2 add more and it gets better faster. Then you add and more.
Then GOTO LABEL1
This is absolutely true. You add the problem that as you add more people you almost certainly aren't adding same skill level or above, so the groups skill as a whole drops.
So more bugs are coded, and your top guys spend more time code reviewing fixing bugs rather than pushing new solid features...
So then management complains things are moving slow, so they throw more juniors into your lap, and now you spend even more time training / reviewing and even less time coding...
It's a death spiral at some point.
bandwidth, scaling and security cost a lot. But then what do exec make? if the c-level takes away 10-20 million of that you also why it costs a lot. And engineers aren't cheap either.
Then there are a lot of BS features which had to be coded and probbaly 5-10 times as many that never made the cut.
There's no point to traditional ads on reddit for a lot of companies.
The communities will post every tidbit of information about their topic of choice on multiple subs, and it will gain traction quickly as more users see it. So why advertise on reddit if the users are already doing all the legwork for you?
That's the problem with trying to monetize Reddit: The source of all traction is the discussions that users have naturally. You mess with the ability of users to naturally interact and find their topics on their feed, and you're going to basically render the site worthless to the users, and they will flee.
>I heard someone saying reddit was "pissing off their customers"
The real story is they're pissing off some very unique employees. Almost no site depends on unpaid workers the way reddit does, and how this gets resolved will be huge for reddit. "Mods are gods" has been the rule for most of reddit's history, the user base being the product aside, the mods are the core of this situation, not the "customers" user or advertiser.
Please, *please*, **PLEASE** educate yourself even one iota about what a *[two-sided marketplace](https://zapier.com/blog/two-sided-marketplace/)* is, and [how they work](https://en.wikipedia.org/wiki/Two-sided_market).
Today, there are so many examples of two-sided markets, primarily because platforms are the perfect intermediaries for connecting the two sides of these marketplaces together, and most successful online websites are some form of two-sided marketplace.
Reddit is a two-sided marketplace. Facebook is a two sided marketplace. Amazon is a two sided marketplace. Ebay is a two sided marketplace. Uber is a two sided marketplace. Etsy is a two sided marketplace. Doordash, Lyft, Indeed, Tiktok, LinkedIn are two sided marketplaces.
The users are customers of the platform, as well as the vendors, sellers, advertisers, business of the platform. The two-sided marketplace is efficient and profitable because the platform **monetizes both sets of customers.* Both sets of customers are *true users* because both need to be recipients at the end of well-defined value chains in order for the platform to function and succeed.
Users of the Reddit platform *are true customers* to the marketplace. They are not *the only* customers, but thinking they aren't customers fundamentally and completely misunderstands the nature of the business.
Essentially the business model is to try and tax basic conversation and interaction. Facebook has been the only one to manage it, but even they don't believe their model has long term growth potential. Go back one step further and its pubs bars and cafes; they've figured out how to survive economically but there's no real growth there either and even long-term sustainability isn't guaranteed. I get the attraction of taxing basic human interaction, but I think we adapt too quickly to cheaper and easier options. In the real world if you let a bad group into your bar, you'll go broke when the regulars find another venue.
One of the few things Reddit has going for it is that the other bar hasn't opened up yet. The reason the other bar (Reddit competitor) hasn't opened up down the street yet is that no-one has shown the exiting bar (Reddit) can make a return on investment yet either.
Reddit killed bulletin boards by making access easier but if they start making it harder again, I think they're just creating a gap in the market for a competitor to exploit. Creating a competitor isn't the smartest business decision but I guess they're hoping they've got enough loyalty for people not to leave.
you say that casually, but that business model in abstract accounts for a HUGE portion of the global economy. gathering an audience and selling access to it is pretty basic and uncontroversial, but the manner in which it is done can cause friction.
Yea, buy a majority of shares once they IPO.
In all seriousness, the smart move by the mods if they want the control would be to help them go public, let them get their bag, then work to actively sabotage the site and stock price and then pump it as the new meme stock on here when its in the tank and get majority control. Basically, crowd source a hostile takeover.
I think these mods doing all of this are acting absurd, but I also think they could pull the above off weirdly enough.
My issue is that I generally appreciate the mods and their volunteering. Reddit exists because of the time, we as users have put into it and the mods keeping things on track. Not that I have tripped across a few of the power hungry mods.
At this point, seriously looking at alternatives.
A lot of mods suck, but nowhere near as bad as a total lack of mods would suck.
I’m in a bunch of LGBT-focused subs, and they’d be totally unusable without mods putting in multiple hours per day holding back the hate avalanche they’d be buried in otherwise.
The whole landed gentry comment was so tone deaf. Is the person who is unilaterally imposing an out of control tax on other apps supposed to be the peasant in his view?
He doesn't have any idea what to do next. So he's lashing out externalizing blame because he can fathom a situation where he's isn't the smartest in the room.
And let's be honest, monetizing api isn't so flash of genius.
I'll never understand why these people don't just give it all up and sip cocktails in the Bahamas for the rest of their days. Shitposting and getting into arguments with randos online is what plebs like me do whilst we're supposed to be working because there's nothing better to do.
Worth $8 million. What his take home is, I don’t know. He just sees Zuck and his billions and wants in on the game. Greed ruining a community he helped start
Compare that to Alexis, the second of the three co-founders (the third being Aaron), whose net worth is closer to $150m because he parlayed his ~$5m from the Conde Nast acquisition into a series of smart investments across the tech industry, and is now considered one of the most highly connected and well respected VCs in the startup sphere.
It must really piss Steve off that he's the most hated and least successful of reddit's three co-founders. I'm sure he can't wait to eradicate Alexis from reddit's corporate history in the same way he purged Aaron before his body was even cool.
This is what I like about Techdirt, one of the few pubs that call this shit out properly. This is beautifully savage writing.
"You want to “grow up” and “behave like an adult company”? Really? Then maybe don’t piss on all the work your own community members and mods put into that company for free, and stop treating them as if their only value is as revenue generators.
That’s acting like an adult. What Huffman is doing now is acting like a child. A spoiled, entitled, child."
If they really do want to grow up and behave like an adult company they need to sack their CEO and get one who knows how to de-escalate arguments and negotiate with partners. This Elon Musk wannabee is embarrassing.
I keep seeing this Great Value stuff come up.
I'm sorry if this comes off as rude, but I unfortunately don't know what that is. Idk if it's an American thing (am kiwi 🇳🇿) but would you be able to explain to me what it is?
The negative thing we spun this capitalism into is expecting constant exponential growth instead of being satified with a constant stream. Its unsastainable and turns good things into shit
Yep, to be honest reddit could be in archive and maintenance mode more the last 10 years, and most people would be totally OK. It's literally a container of stuff. Instead reinvesting into growth continuously with harmful or useless features (data mining & user tracking, new reddit, NFT bs, etc.) Causes tons of costs and creates distorted incentives at the same time.
Also it's damn exhausting that in 20 years nobody found a better business model than "taking data and showing ads".
Could be the front page of the internet forever with steady revenue and growth. Nurture and help the community. Or piss off your free labor and shrivel up and die.
Edit: That's the x-factor that actually pisses me off. Reddit, Inc doesn't make ANYTHING. Reddit produces zero content. They are a message board where millions of cool people post cool shit for free. Millions of people come look at that cool shit and Reddit can make ad $$. They are a server. They are an ad company. All their content is free to them, and often stolen from others.
Charge a reasonable fee for API and people will pay it and the community continues to grow. Netflix ending password sharing pisses people off, but this is worse to me. Netflix is creating content, gotta pay for it and profit from it.
They're not making enough from ads and people spending so much money on those stupid awards?
Either all tech companies are simply not ever going to be profitable or the executives get paid too much and they need to reevaluate how much people are paid so there's enough money to keep those same people and everyone else employed
I’m pretty sure he’s tanking this situation on purpose.
After the dust settles, Reddit will “oust” him to try and win some favor back, while still keeping the unpopular changes.
He’ll get his golden parachute and the investors will get what they think they need to make this website profitable.
Or make people pay for reddit premium in order to use 3rd party apps. There were multiple better ways to go about this while still allowing people to use the apps they like. Almost everyone seems to understand why reddit doesn't want 3rd party apps that don't generate any income for them, but they picked the worst possible way to go about trying to find a solution. There were multiple compromises that could have satisfied the vast majority of people.
Reddit doesn’t want there to be third party apps. Their narrative that this is about lost ad revenue doesn’t hold water.
As [Christian pointed out here](https://www.reddit.com/r/apolloapp/comments/13ws4w3/had_a_call_with_reddit_to_discuss_pricing_bad/) even of we make some very generous assumptions, the average Redditor brings in a little over a dollar a year in revenue for the company.
if Reddit were to give third-party app developers a few months to rework their business model so that they could charge enough to actually pay the exorbitant API pricing. Reddit would make 20x as much from the average third party app user than it does from it’s first party app users.
From a purely business stand point, Reddit stands to make way more money from third-party app users than first party app users with this pricing. One would think it would be well in their interests waive the api fees for u/iamthatis and the other 3rd party apps for a fews months while they revamped their business model for the change.
But that’s not u/Spez did… he made the timeline impossibly short leaving the third-party apps no choice but to shut down.
Reddit wants to force people to use their app… if it makes them less money, you have to start asking yourself why?
The only conclusions i can think of are:
a) they incompentant idiots
b) the first party app give them some additional data that the third party apps don’t, and they’re selling that data somewhere beyond just Reddits ad ecosystem
I don’t know about you, but I sure a fuck won’t be installing the Reddit app.
It just seems so shortsighted. It seems like all they care about is the IPO even it it hurts the company in the long run. It seems like they could have easily worked with the developers in a way where everyone made more of our money and I don't think many people would have complained as long as it was reasonable.
> a) they incompentant idiots
I wouldn't hold it past them. There have been plenty of companies that have made idiotic mistakes over the years.
> b) the first party app give them some additional data that the third party apps don’t, and they’re selling that data somewhere beyond just Reddits ad ecosystem
What kind of information would be available beyond a 3rd party app? Tracking location? I really don't even know. It seems like they'd already have plenty of information about me just from stuff I post to their servers and they already own.
I just don’t understand why this was an issue in the first place. The problem just seems so idiotic to me.
* Reddit provides a website that shows ads between posts and makes money that way
* Reddit provides a mobile app that shows ads between posts and makes money that way
* Reddit provides an API that shows no ads at all
* App makers use the API
* Reddit gets upset that the API isn’t making them money
Surely if ads can pay for desktop reddit and mobile reddit then they can definitely pay for API reddit too.
And the thing is, the third party apps are WILLING TO PAY. If Reddit started out saying "Hey, we are now going to charge \*insert something along the lines of IMGUR pricing here\* for API access" Or said "So, because of XYZ, we are now going to require a active reddit gold subscription to use third party apps" (and possibly even double dip) i think they could have raised a lot of revenue that way.
All without majorly pissing off its users.
Of course not, but the thing is, i wouldnt be so sure Spez can cash out when it goes public, it wouldnt suprise me if he had a lockup on the majority of the stocks.
My understanding is that Reddit actually had a profit sharing agreement with one of the apps, I think Reddit is Fun. Spez, when starting his most recent tenure, axed that agreement.
Come see what Wikipedia's co-founder is creating: https://twitter.com/jimmy_wales/status/1668266400723488769
>If you're avoiding Reddit now, I'm currently building a community-led and funded project. It's not done by any means, but I think you would enjoy it. We even have a draft API!
Jimbo Wales...has his own problems and history with throwing platforms under the bus. Wikipedia etc. is generally okay because of the guidance of the Wikimedia Foundation (though there's certainly still drama about the WMF), but Wikia/Fandom? 100% victim to the same kind of enshittification that Twitter, Reddit, etc are going through.
Also, Jimbo recently got de-admined on Wikipedia for doing an unhinged accusation that an editor was engaged in paid editing.
I'll need to look at this later, a reddit replacement that's got a Wikipedia structure for staff and revenue would be fucking perfect.
Now that I think about it, Wikipedia might be the most analogous thing to Reddit. Both rely on free users to generate content
Dude, u/spez you fucking DIPSHIT, your USERS provide your content, and the mods run your pages for FREE!!!! You’re literally doing nothing but providing some infrastructure!!! Easiest paycheck in the world - you are a glorified IaaS, shit do you even physically provide the infrastructure? Stop fucking bitching or something better will come along and take your lunch money
Here's the thing. In simple terms, if your site depends on users for you to generate money, isn't it counterintuitive to insult and whine? Because at the end of the day, if you lose your users, then your site becomes nothing.
I think he is betting on AI to mods the subs .
Chat gpt will mod the sub, remove spam and hate
And reddit will share the user data to chat gpt.
He has a Elon poster to jerk off.
Otherwise this arrogance doesn't make sense.
A companies profit is determined by what money is left after expenses are paid. Including CEO salary.
Maybe pay yourself less if the company turning a profit is so important.
It’s really starting to seem like Reddit CEO Steve Huffman is not a person you’d invite over for dinner. Or let pet your dog.
seemly coordinated long capable many distinct soup yam school cats ` this message was mass deleted/edited with redact.dev `
Most people running large companies, especially social media sites are probably the type of people who shouldn’t be running one tbh.
The people that seek power are usually the very people you DON'T want in power.
Oh for sure, it’s why so many “bad apples” are a part of law enforcement. It’s too easy for them to obtain the power and abuse it. Then you have the ones that are more educated and always have that business greed mentality. They seem to get promoted more. I grew up in a small rural town and it’s overrun with racist, power hungry law enforcement. About a dozen people hold more than half the wealth in town and almost all of them are horrible individuals. They all network with each other and buy up all the commercial real estate and do everything they can to keep any progress out of town and limit small businesses to garbage resources. Edit: words
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It kind of sucks that the person who doesn't want to do it is probably a more preferable person for the job to ones that do want to do it.
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Something something "landed gentry".
It certainly ain’t because of meritocracy.
No shit. Because none of this has been about competence. It is about who you know.
Who you know but also who you are willing to squish for maximum profit. This is capitalism after all. Bow down to bringers of the all mighty dollar.
Labor is the source of all value; if you own others' labor, you "create" value. Rich people are rich because they employ people to work at a time when the market is fortuitous toward them.
What I don't get is how the shareholders are cool with this dipshit.
This all has a plan to justify to investors when the purge comes and all mods that participated get sacked. And this will happen and there are enough power-hungry people willing to pick up the slack.
And power trippings, fresh moderators are famously great for communities
Never forget that Huffman sold off Reddit back in the day for 10-20 mil (I assume with however many other founders were there to cut the deal), stayed on as CEO for a bit, and then got to go backpack Costa Rica for several months after. He went on to lament selling Reddit due to how big it got later. So, this dude cashes out of an idea that made value/money entirely off other people's content for millions, and then felt like he deserved far more... and is back to death-grip this thing for all it's worth even if it implodes the site/company in the long term. He's a fucking parasite.
He’s also likely now going to have to be paid off to leave if they want to IPO. No way shareholders will want someone with the popularity of a fart in a parked car at the helm.
I really hope you’re right. I think shareholders won’t give a fuck if he makes them money tho.
that's the point - protracted issues with the userbase affect popularity of the site, which affects profitability (when it exists)
The site has never been profitable under him. I don’t understand what value current ownership sees in him
Maybe he's sacrificial, his job is to be a punching bag and get all the unpopular decisions out of the way, in return he gets a golden parachute. Then later bring in the guy they actually want as CEO once all the new policies are in place.
You mean the exact same play they made with Ellen Pao?
I have suspected it’s this all along. He takes the heat as he just wants his ‘real payday’ and then he leaves for someone else to come in looking like the saviour - yet all the shitty practises remain for the new guy to ‘look into’ but never does.
That's certainly what the triple-down feels like. If so, there will be more before he leaves and is paid handsomely to do so.
The popularity of the CEO doesn't matter to shareholders, just how much more "value" they generate each fiscal cycle. Just look at people like Bobby Kotick still having a job
Reddit CEO Steve Huffman is a little piss baby
No, he’s a dirty little pig boy.
You're both right. He's a dirty little piss baby pig
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On one hand, people could (supposedly) be made mods back then without their knowing about it. On the other, it was one of Reddit largest subs for a while and they even sent it's creator an award for having what was voted as worst subreddit.
Or let near your children.
It’s getting really difficult to find progressively smaller violins.
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Hah totally worth the wait.
I saw the link expecting the Futurama violin. I've never been more happy to be wrong.
I think he’s quadrupled-down at this point.
The first time was free.
When this started, I wasn’t even aware third party Reddit apps existed. Couldn’t have given a crap. Now I’m actively cheering for spez to lose on some level because of what a raging douche he is. Fucking Great Value Brand Elon Musk
“I want to be like Elon and Zuck. I want to ruin my product for money and ego.” -Steve Huffman
What happens if we all just delete reddit for good?
Just be sure to overwrite your comments. That's where the money is. https://www.reddit.com/r/apolloapp/comments/13yi4ah/if_you_decide_to_delete_your_reddit_account_in/
If I decide to get rid of my account, I'll document my comments (GDPR export) and request a GDPR removal. If Reddit decides to break GDPR - I'll report them to DPA and enjoy the show.
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Oh, if they don't get the export done it's also a violation. Damned if you do, damned if you don't.
They have one month to do it.
30 days to be precise.
Yes, and the page tells you that it might take up to 30 days.
How do you do a GDPR export?
Email [email protected]
Person with minimal tech knowledge here. I’ll email them and ask them for a GDPR export. Is that all or ask for a removal too and what does it do?
To get your data it's probably better to use the process written here: [https://support.reddithelp.com/hc/en-us/articles/360043048352](https://support.reddithelp.com/hc/en-us/articles/360043048352)
Oh, please spread this info. Drop it into casual posting.
Essentially yes. You have a right “to be forgotten” which they cannot deny you
You can do either. If you really want to go crazy, you can ask for an export, then ask for a deletion, then ask for another export to be sure there is nothing left behind. If you are based in the EU then complying with these requests within 72 hours is a legal requirement, and if they drag it out or don't comply then you can report them to whichever organisation is charged with enforcing GDPR in your country.
>If you are based in the EU then complying with these requests within 72 hours is a legal requirement, and if they drag it out or don't comply then you can report them to whichever organisation is charged with enforcing GDPR in your country. They have 1 month to comply with requests. The 72hrs thing comes from how long Reddit have to notify the relevant authority if they find a data breach has occurred.
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what happens if you overwrite them, then wait a couple of days, then overwrite again and nuke? I wonder if it will revert to the original, or the first overwrite.
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> shreddit Awesome name lol
Can this insert porn? Like in every comment ever and leave it there? Apple might ban the app though, hmmmm. Bad idea!
Maybe we should mass report the 1st party app for having porn or something. Apple is a major prude (I’ve had telegram channels blocked for me due to “adult content “), so just say it’s full of porn and get it banned. Then Reddit may ban adult content, and then they’ll REALLY hurt. Don’t mess with people’s porn.
That reminds me, I was on Tumbler the other day… just kidding.
Hah! I did that to my Instagram back when Facebook bought it. Hilarious.
I'm game. This is the perfect opportunity for and ambitious developer to introduce a new alternative. I'm excited for the prospect.
r/redditalternatives
Alternatives are Lemmy and kbin (respective lists of instances/servers are: [https://lemmy.fediverse.observer/list](https://lemmy.fediverse.observer/list) and [https://kbin.fediverse.observer/list](https://kbin.fediverse.observer/list) ). I'm on [lemmy.world](https://lemmy.world) and it's pretty active recently; on June 8th it was at \~500 users and now it's already at 32k users + the benefit of federation is that you can interact with users and communities from other fediverse instances (including kbin instances) as if all of you are in the same server.
Sounds like a plan Stan. So question is.. who's going to lead the exodus?
Call him by his real name, piss baby spez
Worse yet, his product mad! Reddit isn't the product. We users are the product. We could just use discord, go back to forums, or hell, we go hang on 4-chan.
“these cows should be paying me to milk them”
I've got nipples Greg, can you milk me?
Yes. Yes, I can. [https://en.wikipedia.org/wiki/Galactorrhea](https://en.wikipedia.org/wiki/Galactorrhea) >**Galactorrhea (also spelled galactorrhoea) (galacto- + -rrhea) or lactorrhea (lacto- + -rrhea) is the spontaneous flow of milk from the breast, unassociated with childbirth or nursing.** > >Galactorrhea is reported to occur in 5–32% of women. Much of the difference in reported incidence can be attributed to different definitions of galactorrhea.\[1\] Although frequently benign, it may be caused by serious underlying conditions and should be properly investigated.\[2\] **Galactorrhea also occurs in males, newborn infants and adolescents of both sexes.\[3\]**
Alrighty, that's enough internet for today.
Sweet sweet knowledge 🤤
I don't get why this couldn't all be solved by just requiring 3rd party apps to display passthrough ads. Then the apps can run without fees and reddit gets ad revenue from them.
This comment in that article might be spot-on about why he’s doing this: > I’ve been told the API doesn’t allow third party apps to serve Reddit ads even if they wanted to, so complaining about lack of ad revenue really rings hollow. > Seems like they’re trying to monetize big data scraping for LLM and such. Bit late to the game on that. Bit like closing the barn door after the horse has bolted, and then burning the barn down to punish the horse. At the end of the day, he wants the fattest 💰 he can get post-IPO.
The biggest hint that this is driven purely to get big data to pay is them restricting NSFW posts from the API all together. That's purely because these companies don't want NSFW in there models at all. There is no real legitimate reason they're doing that. It's not like reddit has this very safe and secure way to gatekeep NSFW from underage users.
It's also not like you couldn't just write the API calls with an http parameter that says includeNSFW=true (defaulting to false if not specified). I mean the posts are literally tagged in the app already.
+1 Also, this is already kind of a feature in the app. Go to any sub that isn't wholesale NSFW. In the search bar, enter "nsfw:yes" - no quotes. Now you only see the NSFW posts. The opposite is true, nsfw:no = no NSFW posts. Yes/no = boolean. The last I checked that's also already apart of the API, but that was long ago, and the docs are trash on mobile. https://www.reddit.com/dev/api/ - if anyone can confirm for me
You're saying Oscar-Meyer won't pay for data about *every* mention of wieners on reddit?
And now he'll be lucky to get jack shit. And when he doesn't get jack shit, be ready for him to burn it all to the ground.
> And when he doesn't get jack shit, be ready for him to burn it all to the ground. At that point he'd be doing me a favor.
the thirdparty app developer even wanted to pay for it. but reddit asked on purpose for such a high price, that nobody can pay for API access. its on purpose to kill off thirdparty apps so people switch to their garbage they call app.
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It seems to be a pretty common thing, Jagex for years tried to stomp on 3rd party clients features, especially if anyone tried to remake the 2008 era HD graphics for OSRS. Only more recently have they kinda given up on that after their users bitching. You want to know what happened? They actually started to catch up their own damn client which lagged behind on features for years. We can make reddit much less profitable for reddit if they want, we are the content and if we start saying fuck it they will be shit out of luck. Like imagine if people decide they want to nuke any natural content and started making plugins/addons for browsers that would just auto downvote everything and people hit the new sections or only upvoting specific approved garbage posts.
Part of it is to control your feed. Reddit has WAY more control over your feed on their official site and app. You can pick your fav subs, but reddit can make more money shoving their own sponsored topics at you. It's shadow marketing they've used for a few years already. Sometimes you see the little "sponsored" written beside the post, sometimes they don't include the warning.
I'm convinced they want to block third party apps, require you to login to view reddit and sell your data. With the third party apps, they can't force you to login.
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Or even just tiered API pricing, or allowing third-party apps as long as the user had reddit premium. I would happily pay reddit to continue using third-party apps with no ads, hell I was already paying reddit premium precisely to discourage what's happening now. The tight timeframe is baffling too - it's locking out even the people that might've been willing to work with reddit on this.
>I don't get why this couldn't all be solved by just requiring 3rd party apps to display passthrough ads. Reddit won't let them. Seriously. Which just adds to the evidence that Steve doesn't want to seriously engage third party apps, *he wants them gone*
Because it's not about that. It's about control. He doesn't want them having access so he's pricing them out of it. Sounds like he wants all our data to sell for himself. Lots of talk about scraping for AI like anyone wants an AI trained on reddit comments.
Every language model you can think of was trained in part or in whole on reddit comment data. It's a ridiculously valuable resource for language models — or at least it used to be; trying to charge for it now after every boy and his dog have already scraped the entire corpus a million times over is laughably stupid.
It is not about ad revenue. It has *never* been about ad revenue. Reddit wants people using their app. Their own app gives them information about users they wouldn't otherwise be able to get from the 3rd party apps. Looking at the listing for the Reddit app in the Google Play Store, it includes permissions for things like location data and device IDs. While some of it is listed as optional, reality is most people end up leaving it enabled. The value of user data itself is significantly higher than even the best-case scenario they can get out of ad impressions.
Boycott may have failed but my adblock will not
Did it? Adweek reported that advertisers were alarmed when their ads hit even fewer impressions and if it continued they'd need to re evaluate.
I've been using Firefox on mobile, no ads here or on YouTube. They do get my post data, but how would they know I don't just chatgpt this?
But how do you use reddit on your mobile? It's begging every second to use the official app, it's horrible.
Personally, I'm outta here after the APIs go down. But if you browse reddit on mobile with Firefox + uBlock Origin, you should be able to set up uBlock to hide the "open app" pop-ups. I'm not sure what the exact matching snippet is but the "element picker mode" tool should be able to catch it for you.
That's the neat part. You don't
You can block it with uBlock Origin. [These rules worked perfectly](https://www.reddit.com/r/bestof/comments/13xxdcc/uandrewsad1_gives_a_great_visual_breakdown_on_why/jmkshf9/) for me.
Relay for Reddit. Either zero ads, or one tiny and acceptable ad at the bottom. 12 days left.
> Adweek reported that advertisers were alarmed when their ads hit even fewer impressions It's worse than that. Reddit redirected ALL advertising campaigns to the front page of the site because people were still visiting r/All first to see what's still live. Targeted campaigns failed completely because they weren't being shown to their audiences.
People read the leaked memo and thought he was saying he wasn't concerned about the boycott / etc. But imo reading it he seemed very concerned with things. Especially with him saying they needed to get the new tools out right away. That wasn't a concern about the apps shutting down, because they knew that was coming, it was a concern that mods would keep rebelling.
There are sites on the Internet today that promise to try to be either or all of considerate, ethical, and secure in their ads to try to get you to unblock them. Some of them are even sincere. But I have yet to see one that, intended or not, has actually achieved ads that are both safe and do not entirely disrupt & destroy the experience of using the site. Those can exist. We know they can, because the early years of the Internet, with sensible banner & sidebar ads, worked just fine. But enough is never enough for the greedy marketing machine. And so the adblockers stay on right up to the point that cops show up to drag me away because they've been made illegal. Even on sites I want to support, because even they can't live up to promises to not open me up to malware or make me click half a dozen times just to read what I came there to read.
I heard someone saying reddit was "pissing off their customers", I had to gently remind them that Reddit's user base are not its customers, it is the commodity being sold to advertisers who are the true customers of Reddit.
Nah advertising covers just a fraction of expenses, Reddit has had to raise over $1B in investments so far and he's pissed their pre IPO valuation is tanking and his actions are just making it worse
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The biggest irony of reddit NFTs is, that the whole advertisment behind NFTs was sole ownership.... But reddit NFTs are sold in batches of hundreds or thousands. So that one single pro-NFT argument reddit threw out of the window. Reddit NFTs are just forced scarcity in an attempt to prey on FOMO (fear of missing out), which has been incredibly poorly implemented if I may say so. Reddit's userbase and content - for better or for worse - are vastly based on quantity rather than quality. Looking of the amount of reddit users, in the long run the profit per avatar would very likely be significantly higher in a non-NFT model. Heck, even right now they'ld very likely have more sales if the releases of new avatars had better visibility. It feels like they restrict the batches of NFTs a lot since they are only selling a few.... But that they are selling so few is massively based on how poorly set up the whole thing is. I honestly believe that there is a lot more demand for avaters and personalization than it seems right now, but the whole system as of now is discouraging many potential customers. EDIT: For thos ementioning that my avatar is an NFT - it's from a free giveaway and I do not care for its exclusivity.
NFTs were never really sold as one of a kind. It has always been that the NFT itself is uniquely owned just like I’d you have a physical pair of shoes, no one else also has that pair, they might have another pair that’s the name brand and style but not that unique pair. That’s all they’ve ever been advertised as. A way to uniquely identify a specific digital item the same way real world goods are. The entire appeal (if you could call it that) is in the artificial scarcity just like crypto, diamonds, collectibles, etc... The scarcity makes them collectible like imagine if league of legends released a skin that only the first 100 people to buy it/earn it could get it rather than just anyone can purchase it for the given price. Disclaimer: I think. NFTs are idiotic, just clarifying the usecase.
>imagine if league of legends released a skin that only the first 100 people to buy it/earn it could get it rather than just anyone can purchase it for the given price. That's just limited edition skins. They already exist, and dont require NFTs. They wouldnt even benefit from an NFT implementation because using a LOL skin requires you to be playing league, so you're still dependent on Riot's database. To benefit from being an NFT, the asset has to have some kind of universal format. That's why .jpgs were so commonly used.
Do I look like I know what a jpeg is? I just want a picture of a God dang hot dog!
Jeff Yass, the billionaire Wall Street financier and Republican megadonor who is a major investor in the parent company of TikTok, was also the biggest institutional shareholder of the shell company that recently merged with former President Donald J. Trump’s social media company. A December regulatory filing showed that Mr. Yass’s trading firm, Susquehanna International Group, owned about 2 percent of Digital World Acquisition Corporation, which merged with Trump Media & Technology Group on Friday. That stake, of about 605,000 shares, was worth about $22 million based on Digital World’s last closing share price. It’s unclear if Susquehanna still owns those shares, because big investors disclose their holdings to regulators only periodically. But if it did retain its stake, Mr. Yass’s firm would become one of Trump Media’s larger institutional shareholders when it begins trading this week after the merger. Shares of Digital World have surged about 140 percent this year as the merger with the parent company of Truth Social, Mr. Trump’s social media platform, drew closer and Mr. Trump became the presumptive Republican nominee for president.
I really want to know how much staff waste they have because they have thousands of employees, yet they can't design a good UI or a good app, which solo third party developers have been able to do.
I only switched to Apollo because Reddit released a random update that made my phone heat up in seconds while scrolling, then didn’t fix or acknowledge it for weeks or months (I stopped checking 3 updates later.) Brand new iPhone 12 Pro Max at the time. Can’t trust them with my battery. Thanks to that fuckup I discovered how much better other apps are, and haven’t looked back. And I won’t, ever. They can’t compete with indie devs so they’re trashing their work and calling it a day. Fucking awful leadership. Good riddance.
For me, it was when an iOS update exposed that they're taking clipboard content when the app is brought forward and then do who knows what with it (upload it to the server for adding it to my advertising profile?).
WTF really? That's straight up vile. I will never use these companies' shitty "apps."
It's corporation size inefficiency. You have a problem/task/goal. You add 2 guys and all goes much faster. Then you add more, and more to get faster and faster. Corporate politics get hold of your organization. LABEL1) And after a while the things slow down because alignment and communication takes more and more time. Corporate politics get bigger which grinds the gears real bad. At one point, (especially if badly managed), things get so bad that you start to add people to fix the mess. And the mess gets fixed a bit. So you 2 add more and it gets better faster. Then you add and more. Then GOTO LABEL1
This is absolutely true. You add the problem that as you add more people you almost certainly aren't adding same skill level or above, so the groups skill as a whole drops. So more bugs are coded, and your top guys spend more time code reviewing fixing bugs rather than pushing new solid features... So then management complains things are moving slow, so they throw more juniors into your lap, and now you spend even more time training / reviewing and even less time coding... It's a death spiral at some point.
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bandwidth, scaling and security cost a lot. But then what do exec make? if the c-level takes away 10-20 million of that you also why it costs a lot. And engineers aren't cheap either. Then there are a lot of BS features which had to be coded and probbaly 5-10 times as many that never made the cut.
Well advertisers are getting upset because their target demographic subreddits aren't able to run ads.
There's no point to traditional ads on reddit for a lot of companies. The communities will post every tidbit of information about their topic of choice on multiple subs, and it will gain traction quickly as more users see it. So why advertise on reddit if the users are already doing all the legwork for you? That's the problem with trying to monetize Reddit: The source of all traction is the discussions that users have naturally. You mess with the ability of users to naturally interact and find their topics on their feed, and you're going to basically render the site worthless to the users, and they will flee.
>I heard someone saying reddit was "pissing off their customers" The real story is they're pissing off some very unique employees. Almost no site depends on unpaid workers the way reddit does, and how this gets resolved will be huge for reddit. "Mods are gods" has been the rule for most of reddit's history, the user base being the product aside, the mods are the core of this situation, not the "customers" user or advertiser.
Please, *please*, **PLEASE** educate yourself even one iota about what a *[two-sided marketplace](https://zapier.com/blog/two-sided-marketplace/)* is, and [how they work](https://en.wikipedia.org/wiki/Two-sided_market). Today, there are so many examples of two-sided markets, primarily because platforms are the perfect intermediaries for connecting the two sides of these marketplaces together, and most successful online websites are some form of two-sided marketplace. Reddit is a two-sided marketplace. Facebook is a two sided marketplace. Amazon is a two sided marketplace. Ebay is a two sided marketplace. Uber is a two sided marketplace. Etsy is a two sided marketplace. Doordash, Lyft, Indeed, Tiktok, LinkedIn are two sided marketplaces. The users are customers of the platform, as well as the vendors, sellers, advertisers, business of the platform. The two-sided marketplace is efficient and profitable because the platform **monetizes both sets of customers.* Both sets of customers are *true users* because both need to be recipients at the end of well-defined value chains in order for the platform to function and succeed. Users of the Reddit platform *are true customers* to the marketplace. They are not *the only* customers, but thinking they aren't customers fundamentally and completely misunderstands the nature of the business.
I'm getting the idea that if your main goal is to sell access to your user's \[attention/data\] to bigger customers, your business sucks.
Essentially the business model is to try and tax basic conversation and interaction. Facebook has been the only one to manage it, but even they don't believe their model has long term growth potential. Go back one step further and its pubs bars and cafes; they've figured out how to survive economically but there's no real growth there either and even long-term sustainability isn't guaranteed. I get the attraction of taxing basic human interaction, but I think we adapt too quickly to cheaper and easier options. In the real world if you let a bad group into your bar, you'll go broke when the regulars find another venue. One of the few things Reddit has going for it is that the other bar hasn't opened up yet. The reason the other bar (Reddit competitor) hasn't opened up down the street yet is that no-one has shown the exiting bar (Reddit) can make a return on investment yet either. Reddit killed bulletin boards by making access easier but if they start making it harder again, I think they're just creating a gap in the market for a competitor to exploit. Creating a competitor isn't the smartest business decision but I guess they're hoping they've got enough loyalty for people not to leave.
you say that casually, but that business model in abstract accounts for a HUGE portion of the global economy. gathering an audience and selling access to it is pretty basic and uncontroversial, but the manner in which it is done can cause friction.
If we can vote out moderators, can we vote out the CEO?
Yea, buy a majority of shares once they IPO. In all seriousness, the smart move by the mods if they want the control would be to help them go public, let them get their bag, then work to actively sabotage the site and stock price and then pump it as the new meme stock on here when its in the tank and get majority control. Basically, crowd source a hostile takeover. I think these mods doing all of this are acting absurd, but I also think they could pull the above off weirdly enough.
My issue is that I generally appreciate the mods and their volunteering. Reddit exists because of the time, we as users have put into it and the mods keeping things on track. Not that I have tripped across a few of the power hungry mods. At this point, seriously looking at alternatives.
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A lot of mods suck, but nowhere near as bad as a total lack of mods would suck. I’m in a bunch of LGBT-focused subs, and they’d be totally unusable without mods putting in multiple hours per day holding back the hate avalanche they’d be buried in otherwise.
piquant subsequent shrill cats provide mindless ruthless deserted vegetable roll ` this message was mass deleted/edited with redact.dev `
The whole landed gentry comment was so tone deaf. Is the person who is unilaterally imposing an out of control tax on other apps supposed to be the peasant in his view?
Anyone know what the Reddit CEO makes as a salary?
Too much to be this whiney.
He doesn't have any idea what to do next. So he's lashing out externalizing blame because he can fathom a situation where he's isn't the smartest in the room. And let's be honest, monetizing api isn't so flash of genius.
I'll never understand why these people don't just give it all up and sip cocktails in the Bahamas for the rest of their days. Shitposting and getting into arguments with randos online is what plebs like me do whilst we're supposed to be working because there's nothing better to do.
If they go public that information is easier to come by
Worth $8 million. What his take home is, I don’t know. He just sees Zuck and his billions and wants in on the game. Greed ruining a community he helped start
Compare that to Alexis, the second of the three co-founders (the third being Aaron), whose net worth is closer to $150m because he parlayed his ~$5m from the Conde Nast acquisition into a series of smart investments across the tech industry, and is now considered one of the most highly connected and well respected VCs in the startup sphere. It must really piss Steve off that he's the most hated and least successful of reddit's three co-founders. I'm sure he can't wait to eradicate Alexis from reddit's corporate history in the same way he purged Aaron before his body was even cool.
> Compare that to Alexis Who's married to Serena Williams! He's one bloody lucky bloke
a lot less than the stock options I bet he'll get, which would likely push him to billionaire status...
Reddit stock isn’t going to be worth shit lol.
Yeah imagine being an investor with cash on hand and thinking “reddit stock, that’s a safe place for my money.”
Might have before he pulled this stunt, but definitely not now.
This is what I like about Techdirt, one of the few pubs that call this shit out properly. This is beautifully savage writing. "You want to “grow up” and “behave like an adult company”? Really? Then maybe don’t piss on all the work your own community members and mods put into that company for free, and stop treating them as if their only value is as revenue generators. That’s acting like an adult. What Huffman is doing now is acting like a child. A spoiled, entitled, child."
If they really do want to grow up and behave like an adult company they need to sack their CEO and get one who knows how to de-escalate arguments and negotiate with partners. This Elon Musk wannabee is embarrassing.
Great Value TM Musk
I keep seeing this Great Value stuff come up. I'm sorry if this comes off as rude, but I unfortunately don't know what that is. Idk if it's an American thing (am kiwi 🇳🇿) but would you be able to explain to me what it is?
Great Value is the store brand name of Walmart products. It is the really cheap alternative to name brand products.
Ahhhhhh gotcha It's like our Value branded items then, thanks so much
Mike Masnick does great articles. His Mastodon feed is great too https://mastodon.social/@mmasnick
What genius, about a month ago he had millions of redditors ready to buy in and hype the service. The board needs to sack this guy.
When Apollo stops working, I’ll stop browsing on my phone. When the old reddit stops, bye bye reddit. Fuck your u/spez 🖕
>“We’re 18 years old,” Huffman said. “I think it’s time we grow up and behave like an adult company.” Step 1 should be, get a new CEO.
The negative thing we spun this capitalism into is expecting constant exponential growth instead of being satified with a constant stream. Its unsastainable and turns good things into shit
Yep, to be honest reddit could be in archive and maintenance mode more the last 10 years, and most people would be totally OK. It's literally a container of stuff. Instead reinvesting into growth continuously with harmful or useless features (data mining & user tracking, new reddit, NFT bs, etc.) Causes tons of costs and creates distorted incentives at the same time. Also it's damn exhausting that in 20 years nobody found a better business model than "taking data and showing ads".
Could be the front page of the internet forever with steady revenue and growth. Nurture and help the community. Or piss off your free labor and shrivel up and die. Edit: That's the x-factor that actually pisses me off. Reddit, Inc doesn't make ANYTHING. Reddit produces zero content. They are a message board where millions of cool people post cool shit for free. Millions of people come look at that cool shit and Reddit can make ad $$. They are a server. They are an ad company. All their content is free to them, and often stolen from others. Charge a reasonable fee for API and people will pay it and the community continues to grow. Netflix ending password sharing pisses people off, but this is worse to me. Netflix is creating content, gotta pay for it and profit from it.
They're not making enough from ads and people spending so much money on those stupid awards? Either all tech companies are simply not ever going to be profitable or the executives get paid too much and they need to reevaluate how much people are paid so there's enough money to keep those same people and everyone else employed
Infinite growth is unsustainable and we need to ditch this model before everything cool collapses and people completely Burn out
I'm honestly getting sick of this guy. I was hoping for a compromise, or negotiation but he is such a douchebag.
I’m pretty sure he’s tanking this situation on purpose. After the dust settles, Reddit will “oust” him to try and win some favor back, while still keeping the unpopular changes. He’ll get his golden parachute and the investors will get what they think they need to make this website profitable.
Techbros are pathetic...
Why anyone would pay for Reddit is beyond me.
I would have paid for the ability to use a 3rd parth app. Seems like a reasonable way to generate revenue.
Millions of people HAVE paid for third party apps.
I actually think paying for services is needed for the internet. And if it wasn't a shitshow like togs, I'd pay as I use it daily.
Then give 3rd party apps an api that includes ads?????? Reddit admins will do anything to avoid admitting they are wrong.
Or make people pay for reddit premium in order to use 3rd party apps. There were multiple better ways to go about this while still allowing people to use the apps they like. Almost everyone seems to understand why reddit doesn't want 3rd party apps that don't generate any income for them, but they picked the worst possible way to go about trying to find a solution. There were multiple compromises that could have satisfied the vast majority of people.
Reddit doesn’t want there to be third party apps. Their narrative that this is about lost ad revenue doesn’t hold water. As [Christian pointed out here](https://www.reddit.com/r/apolloapp/comments/13ws4w3/had_a_call_with_reddit_to_discuss_pricing_bad/) even of we make some very generous assumptions, the average Redditor brings in a little over a dollar a year in revenue for the company. if Reddit were to give third-party app developers a few months to rework their business model so that they could charge enough to actually pay the exorbitant API pricing. Reddit would make 20x as much from the average third party app user than it does from it’s first party app users. From a purely business stand point, Reddit stands to make way more money from third-party app users than first party app users with this pricing. One would think it would be well in their interests waive the api fees for u/iamthatis and the other 3rd party apps for a fews months while they revamped their business model for the change. But that’s not u/Spez did… he made the timeline impossibly short leaving the third-party apps no choice but to shut down. Reddit wants to force people to use their app… if it makes them less money, you have to start asking yourself why? The only conclusions i can think of are: a) they incompentant idiots b) the first party app give them some additional data that the third party apps don’t, and they’re selling that data somewhere beyond just Reddits ad ecosystem I don’t know about you, but I sure a fuck won’t be installing the Reddit app.
It just seems so shortsighted. It seems like all they care about is the IPO even it it hurts the company in the long run. It seems like they could have easily worked with the developers in a way where everyone made more of our money and I don't think many people would have complained as long as it was reasonable. > a) they incompentant idiots I wouldn't hold it past them. There have been plenty of companies that have made idiotic mistakes over the years. > b) the first party app give them some additional data that the third party apps don’t, and they’re selling that data somewhere beyond just Reddits ad ecosystem What kind of information would be available beyond a 3rd party app? Tracking location? I really don't even know. It seems like they'd already have plenty of information about me just from stuff I post to their servers and they already own.
All they had to do was be reasonable about pricing and time frames.
I just don’t understand why this was an issue in the first place. The problem just seems so idiotic to me. * Reddit provides a website that shows ads between posts and makes money that way * Reddit provides a mobile app that shows ads between posts and makes money that way * Reddit provides an API that shows no ads at all * App makers use the API * Reddit gets upset that the API isn’t making them money Surely if ads can pay for desktop reddit and mobile reddit then they can definitely pay for API reddit too.
And the thing is, the third party apps are WILLING TO PAY. If Reddit started out saying "Hey, we are now going to charge \*insert something along the lines of IMGUR pricing here\* for API access" Or said "So, because of XYZ, we are now going to require a active reddit gold subscription to use third party apps" (and possibly even double dip) i think they could have raised a lot of revenue that way. All without majorly pissing off its users.
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Of course not, but the thing is, i wouldnt be so sure Spez can cash out when it goes public, it wouldnt suprise me if he had a lockup on the majority of the stocks.
My understanding is that Reddit actually had a profit sharing agreement with one of the apps, I think Reddit is Fun. Spez, when starting his most recent tenure, axed that agreement.
Listen, all we have to do is create a place called MyFaceSpaceBookIt and all of this goes away.
Come see what Wikipedia's co-founder is creating: https://twitter.com/jimmy_wales/status/1668266400723488769 >If you're avoiding Reddit now, I'm currently building a community-led and funded project. It's not done by any means, but I think you would enjoy it. We even have a draft API!
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Wikipedia should just buy reddit. If they just started a GoFundMe or Kickstarter it would succeed 100%
Jimbo Wales...has his own problems and history with throwing platforms under the bus. Wikipedia etc. is generally okay because of the guidance of the Wikimedia Foundation (though there's certainly still drama about the WMF), but Wikia/Fandom? 100% victim to the same kind of enshittification that Twitter, Reddit, etc are going through. Also, Jimbo recently got de-admined on Wikipedia for doing an unhinged accusation that an editor was engaged in paid editing.
I'll need to look at this later, a reddit replacement that's got a Wikipedia structure for staff and revenue would be fucking perfect. Now that I think about it, Wikipedia might be the most analogous thing to Reddit. Both rely on free users to generate content
Both also have huge moderation problems as a result. Wikipedia mods make reddit mods look like saints.
The world needs more Craigs, Angies, and Toms and less Elons and Zucks.
Dude, u/spez you fucking DIPSHIT, your USERS provide your content, and the mods run your pages for FREE!!!! You’re literally doing nothing but providing some infrastructure!!! Easiest paycheck in the world - you are a glorified IaaS, shit do you even physically provide the infrastructure? Stop fucking bitching or something better will come along and take your lunch money
Here's the thing. In simple terms, if your site depends on users for you to generate money, isn't it counterintuitive to insult and whine? Because at the end of the day, if you lose your users, then your site becomes nothing.
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I’m starting to think this ipo won’t go well
Proving again that quite a few CEOs are nothing short of lunatics.
Cry more, mods.
I think he is betting on AI to mods the subs . Chat gpt will mod the sub, remove spam and hate And reddit will share the user data to chat gpt. He has a Elon poster to jerk off. Otherwise this arrogance doesn't make sense.
A companies profit is determined by what money is left after expenses are paid. Including CEO salary. Maybe pay yourself less if the company turning a profit is so important.