- cross-posted to:
- technology@beehaw.org
- cross-posted to:
- technology@beehaw.org
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It’s never been about the API. Third party apps are undercutting Reddit’s as revenue. They could never ban the apps outright so they set an obscene cost for API calls to indirectly kill them. They have probably factored in the potential loss of users already and it probably ain’t much.
So long as they can pocket a few hundred milion from the IPO, Reddit management couldn’t give a monkey’s about any of their milions of users or the thousands of communities that made Reddit valuable in the first place. They are quite happily flushing all that down the toilet to get their big pay day. Why didn’t they just go non-profit like Wikipedia? That’s the only business model that makes sense for Reddit and is sustainable. But then nobody gets to become a multi millionaire, and we can all see which would be the bigger tragedy for u/spez.
Reddit still doesn’t quite understand where their value is derived from.
I can imagine bunch of idiots making user base and profit/loss projections without even opening reddit for once.
What do they say?
When your opponent is making mistakes, let them.
Its an unfortunate ideology that everything in the world should be optimized around profit.
I mean Reddit is clearly a company that shoyld focus on making proft. I don’t have problems with that. The problem is that it’s a stupid decision that doesn’t seem to nessesarily help them profit wise. Besides, it has been a great platform for countless communities that I just didn’t want it to end.
I mean Reddit is clearly a company that shoyld focus on making proft.
Reddit is a company that commoditizes human communities and profits from the free labor of those who are willing to put in the effort to belong to something. Their value is derived from the communities that use their platform and the communities derive value from the tools reddit creates that allows for them to organize.
Reddit should focus on being a good platform. The profit-centric focus degrades the quality of the platform and will be the death of the thing in the end. The expansionist attitude is the achiles heal of capitalism. Anything of value gets turned into shit under that motive.
They fire 90 employees but plan to hire another 100 before the end of the year?
Typical corporate bullshit? Searching, finding, hiring and training new employees is more expensive than keeping the old ones…
But has no plans to pay its posters, commenters and mods.
Someone said that if they paid their mods they would lose safe harbor protection and be liable for content that was posted. If that’s true makes sense why they can’t pay them. But that still doens’t justify the insane API increase.
Yeah fair enough, though that’s in essence the point. The hypocrisy is that they want the protection of, and only pay for, the role of being a dumb platform, but want to be “fairly paid” as if it’s their content (the actually valuable thing here) being delivered through the API.
Reddit is lemmy’s marketing department
They can insist on being fairly paid, but the users have to think the transaction is fair as well. Ask Digg how much their platform was worth when all of the users were gone.
I would say the majority of posts on Reddit are admin ran karma bots and scammers. Just a bunch of bots talking to themselves.
I pray they don’t change their minds and continue with these plans. It’s so stupid of them and I love it.
Yeah, I agree. I’m loving lemmy and haven’t spent more than 10-15 min. on Reddit over the past week.
Lemmy is a wonderful tool. All we need to do is add rewards, coins, video reels, promoted posts, and then a sort of celebrity/influencer culture will naturally flourish!
I’m not really browsing reddit anymore. Just checking in on a few niche communities once in a while. The community on the fediverse is much better than I had anticipated.
