If that’s true, it’s even more asinine. A small number of users make numerous API calls from third-party apps, and in doing so, create all the content that the majority of users are perusing with ads? The quest for short-term gains so often harms long-term viability in corporate America, and I truly just don’t understand how we keep hiring C-level people that keep making the same mistakes over and over
Because C-Level people are more about “how can this company make money” and less about “how can this company treat its workers/customers well” (unless the latter leads to the former).
They are told that increasing value for the investors is the thing that matters. If you have to make “tough choices” that abuse the workers or destroy the brand, oh well. It’s worth it if that revenue number keeps going up. To them, it’s an acceptable loss to keep the board happy.
Every company that has VC, investors, or stock is going to be like this at one point or another. It’s just getting more blatant and obvious now. Disney, WB, Netflix, Twitter, Reddit…it’s a list that just keeps growing.
No such laws. The only laws for publicly traded companies are that they must be open and honest with shareholders about the financial status of their organization. You’re very much allowed to run a business that stays small forever
Does Reddit have the power to un-blackout the subreddits? I.e. Overrule the mods and open things up? I feel like, as in most cases, there are a modest sized group of high caring individuals that will reject/boycott/cancel reddit, but the majority of users, casual and the ones that make reddit their life, will just continue on, only slightly inconvenienced.
Yes Reddit could do that… but mods are extremely valuable, and a lot of subs would stop working without them. Reddit has already been moving to big subs being moderated by Reddit employees, and it generally kills the sub.
Reddit is big enough that it probably won’t die quickly (e.g. like Digg did), but my guess is that this kind of policy shows that the best days of Reddit are in the past.
Reddit is big enough that it probably won’t die quickly (e.g. like Digg did), but my guess is that this kind of policy shows that the best days of Reddit are in the past.
i think twitter is a good model for how we might expect this to go: a slow but undeniable decay into a worse, less functional, generally more miserable site to be on. when the decay will end? who knows. but there’ll likely be an obvious before and after, and an equally obvious point where the site goes from a vanguard of influence online to a social media backwater.
Agree, although it could happen even slower than Twitter. Musk taking over has been a huge shock to the community, and killing off third party apps is only one of the many changes he’s made in a few months. Even if Reddit sticks of their guns on API charges (which they might not), I doubt they’ll do anything as drastic again for a while.
Hopefully if the 2-day blackout is unsuccessful they’ll extend it or plan more blackouts.
I’d imagine so… it makes sense to me to start with 2 days, and then go from there, rather than starting with the “nuclear” option.
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If that’s true, it’s even more asinine. A small number of users make numerous API calls from third-party apps, and in doing so, create all the content that the majority of users are perusing with ads? The quest for short-term gains so often harms long-term viability in corporate America, and I truly just don’t understand how we keep hiring C-level people that keep making the same mistakes over and over
Because C-Level people are more about “how can this company make money” and less about “how can this company treat its workers/customers well” (unless the latter leads to the former).
They are told that increasing value for the investors is the thing that matters. If you have to make “tough choices” that abuse the workers or destroy the brand, oh well. It’s worth it if that revenue number keeps going up. To them, it’s an acceptable loss to keep the board happy.
Every company that has VC, investors, or stock is going to be like this at one point or another. It’s just getting more blatant and obvious now. Disney, WB, Netflix, Twitter, Reddit…it’s a list that just keeps growing.
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For sure it’s unconfirmed. The only things we really know for sure are:
Which leads be to the conclusion that the thing you’ve said is quite possible
I’m not American, but isn’t it mandated by law over there to do stuff like this, to create the maximum profit for shareholders?
Forgive my ignorance of US laws!
No such laws. The only laws for publicly traded companies are that they must be open and honest with shareholders about the financial status of their organization. You’re very much allowed to run a business that stays small forever
Does Reddit have the power to un-blackout the subreddits? I.e. Overrule the mods and open things up? I feel like, as in most cases, there are a modest sized group of high caring individuals that will reject/boycott/cancel reddit, but the majority of users, casual and the ones that make reddit their life, will just continue on, only slightly inconvenienced.
Yes Reddit could do that… but mods are extremely valuable, and a lot of subs would stop working without them. Reddit has already been moving to big subs being moderated by Reddit employees, and it generally kills the sub.
Reddit is big enough that it probably won’t die quickly (e.g. like Digg did), but my guess is that this kind of policy shows that the best days of Reddit are in the past.
i think twitter is a good model for how we might expect this to go: a slow but undeniable decay into a worse, less functional, generally more miserable site to be on. when the decay will end? who knows. but there’ll likely be an obvious before and after, and an equally obvious point where the site goes from a vanguard of influence online to a social media backwater.
Agree, although it could happen even slower than Twitter. Musk taking over has been a huge shock to the community, and killing off third party apps is only one of the many changes he’s made in a few months. Even if Reddit sticks of their guns on API charges (which they might not), I doubt they’ll do anything as drastic again for a while.
True, they likely have smarter people at the helm than musk