Air_Delivery Posted June 19, 2023 Share Posted June 19, 2023 What kind of moron who invest in a social platform the CEO barely has any control over. Quote Link to comment Share on other sites More sharing options...
Bacon Posted June 19, 2023 Share Posted June 19, 2023 22 minutes ago, Jason said: For the "herp derp open the subreddits modding can't be that hard" crowd: be subreddit mod see that a user's favorite color is green but my favorite color is purple ban them for having opinions that could harm the community proceed to DM female users of r/teenagers get caught delete account make a new account that gets modded It's really not about the difficulty. Quote Link to comment Share on other sites More sharing options...
GeneticBlueprint Posted June 19, 2023 Share Posted June 19, 2023 13 minutes ago, Bacon said: be subreddit mod see that a user's favorite color is green but my favorite color is purple ban them for having opinions that could harm the community proceed to DM female users of r/teenagers get caught delete account make a new account that gets modded It's really not about the difficulty. Wasn’t that Spez himself? Quote Link to comment Share on other sites More sharing options...
Bacon Posted June 19, 2023 Share Posted June 19, 2023 24 minutes ago, GeneticBlueprint said: Wasn’t that Spez himself? There was a leaked DM of some mod tryin' to get with a chick. Not from r/teenagers I believe. It's what I based that on. It ended with something like "Please don't ignore me" lol. Still, it is funny to point out how many subreddits reopened, even if they reopened with a gimmick, just to keep power. It's that kind of behavior that makes users dislike Jannies. Quote Link to comment Share on other sites More sharing options...
GeneticBlueprint Posted June 19, 2023 Share Posted June 19, 2023 9 minutes ago, Bacon said: There was a leaked DM of some mod tryin' to get with a chick. Not from r/teenagers I believe. It's what I based that on. It ended with something like "Please don't ignore me" lol. Still, it is funny to point out how many subreddits reopened, even if they reopened with a gimmick, just to keep power. It's that kind of behavior that makes users dislike Jannies. I see. I’m remembering now that spez was the moderator of r/Jailbait Quote Link to comment Share on other sites More sharing options...
Bacon Posted June 19, 2023 Share Posted June 19, 2023 Just now, GeneticBlueprint said: I see. I’m remembering now that spez was the moderator of r/Jailbait Oh yeah lol I just saw that recently too Quote Link to comment Share on other sites More sharing options...
Signifyin(g)Monkey Posted June 20, 2023 Share Posted June 20, 2023 4 hours ago, TwinIon said: I've seen a lot of subs open up in different ways that make it clear that the protest is on-going. /r/Formula1 is only allowing stickied threads, a few very large subs are only allowing Jon Oliver or other weird content. Some are allowing almost anything, including NSFW stuff, which can't be great for selling ads. I honestly wouldn't be surprised if this is the beginning of the end for Huffman as CEO. He might be a founder, but he doesn't have any real control of the company. This is entirely a mess of his own making. I'm very convinced that he could have raised the API rates and not ended up with this level of backlash if he handled it differently in any number of ways. I'm not expecting the protests to have much effect on Reddit's policy decisions, but the whole thing is a really bad look for Huffman. I feel like his primary selling point to investors and the board should be that he understands the community given his long involvement, but that doesn't seem like it's been helping him here. Yeah this is my conclusion as well, surveying everything that’s happened so far. I doubt the ‘protests’ will really accomplish anything concrete, but I can definitely see Reddit’s investors blaming Huffman for giving the company an unnecessary public black eye here. A halfway competent executive could have handled this in a way that addressed the core business concern—‘we can no longer allow third party apps to use our data for free’—without alienating literally everybody and attracting bad publicity. Just as problematically, from his interviews alone, it’s fairly clear Huffman is responding to this situation in an emotional (and rather bullheaded) way, not with the detached, calculating mindset an investor expects from corporate leadership. As an aside, the whole situation makes me *really* want to know Reddit’s internal costs. If the new API prices aren’t just absurd miscalculations about what the market will bear and actually reflect what it costs to keep the lights on, I don’t see how the company will ever be profitable. Quote Link to comment Share on other sites More sharing options...
Jason Posted June 20, 2023 Share Posted June 20, 2023 2 minutes ago, Signifyin(g)Monkey said: Yeah this is my conclusion as well, surveying everything that’s happened so far. I doubt the ‘protests’ will really accomplish anything, but I can definitely see Reddit’s investors blaming Huffman for giving the company an unnecessary public black eye here. A halfway competent executive could have handled this in a way that addressed the core business concern—‘we can no longer allow third party apps to use our data for free’—without alienating literally everybody and attracting bad publicity. Just as problematically, from his interviews alone, it’s fairly clear Huffman is responding to this situation in an emotional (and rather bullheaded) way, not in the detached, calculating manner an investor expects from corporate leadership. As an aside, the whole situation makes me *really* want to know Reddit’s internal costs. If the new API prices aren’t just absurd miscalculations about what the market will bear and actually reflect what it costs to keep the lights on, I don’t see how the company will ever be profitable. I still think this is just "evicting by doubling the rent" pricing, but...from what I've read from people speculating from their own having talked to employees who used to work at reddit (so the information could be several years old by now), it sounds like reddit's codebase is such a rickety outdated mess that it's at least plausible that a single third party dev API call results in a ton of AWS (or whatever their hosting backend is) calls to the point that it adds up to a significant amount. Quote Link to comment Share on other sites More sharing options...
TwinIon Posted June 20, 2023 Share Posted June 20, 2023 15 hours ago, Signifyin(g)Monkey said: As an aside, the whole situation makes me *really* want to know Reddit’s internal costs. If the new API prices aren’t just absurd miscalculations about what the market will bear and actually reflect what it costs to keep the lights on, I don’t see how the company will ever be profitable. I honestly don't think the API prices would be so out of line if Reddit had their act together on ads. I've seen various figures floating around, but I think the thing everyone can agree on is that Reddit does a terrible job of monetizing the site. Their ARPU is horrifically low for a site of their size and with the data set they have. I know building an ad platform is difficult, but Reddit has been around a long time. If they can't build one, they should have partnered with Microsoft or someone else to make it happen. I don't love ads or want more on Reddit or anywhere else, but just from a purely business point of view for a company that is trying to go public in the social media space, you can't make that happen if you can't effectively sell ads. I'm certain that Google makes a ton more money selling ads on search terms that people put "reddit" into than Reddit does overall. If their ARPU was anything reasonable, the API costs would be a rounding error, and they would either be forcing 3rd party apps to show their ads or closing them out like Twitter did in order to make sure the ads show up. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted June 21, 2023 Share Posted June 21, 2023 Reddit starts removing moderators behind the latest protests - The Verge WWW.THEVERGE.COM r/MildlyInteresting lost its mods. Quote Reddit has started removing moderator teams managing subreddits that switched the labeling on their communities to Not Safe For Work (NSFW) in the latest protests against the site. In addition to applying an age gate for desktop viewers and restricting access on mobile devices to logged-in users in the Reddit app, Reddit also doesn’t show ads on subreddits tagged NSFW. This cuts into its ability to monetize them, which is a major part of Reddit’s disputed push to charge apps for using the API. Now, before anyone gets up in arms, this is the reason Reddit took this action against those mods: Once again, WHY THE HELL WOULD ANYONE ACTUALLY INVEST IN THIS THING?!?!?! 1 Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted June 21, 2023 Share Posted June 21, 2023 16 minutes ago, Commissar SFLUFAN said: Now, before anyone gets up in arms, this is the reason Reddit took this action against those mods Image no load Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted June 21, 2023 Share Posted June 21, 2023 4 minutes ago, SuperSpreader said: Image no load Quote This afternoon, Reddit took action to address 5 communities that had suddenly changed to NSFW and encouraged the posting of porn in previously and long-standing SFW communities. Mods of these subreddits were actively encouraging users to flood their spaces with sexually explicit content. The result of this was that millions of users who subscribed to SFW spaces had porn showing up in unexpected places and users who had previously chosen to opt out of seeing explicit content were being prompted to opt in to seeing this content and had no idea why this was happening. There is some very extensive cleanup that needs to be done in these subreddits so they are archived in the meantime. This is the message we sent those mods: It's not ok to show people NSFW content when they don't want to see it. Mods should not make malicious changes to their communities, such as allowing rule-violating behavior or encouraging the submission of sexually explicit (18+) content in previously safe-for-work spaces. We have removed you as a moderator and restricted communities where moderators are engaging in malicious conduct, per the Mod Code of Conduct. Incorrectly marking your community is a violation of both our Content Policy as well as the Moderator Code of Conduct.. 1 Quote Link to comment Share on other sites More sharing options...
ThreePi Posted June 21, 2023 Share Posted June 21, 2023 R/interestingasfuck was a fun ride while it lasted. Quote Link to comment Share on other sites More sharing options...
johnny Posted June 21, 2023 Share Posted June 21, 2023 On 6/19/2023 at 3:39 PM, Jason said: For the "herp derp open the subreddits modding can't be that hard" crowd: easy job Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted June 21, 2023 Share Posted June 21, 2023 I like the way that r/monitors is continuing their protest: 1 Quote Link to comment Share on other sites More sharing options...
Moa Posted June 21, 2023 Share Posted June 21, 2023 At this point in the strike analogy, what the mods are doing is keeping he McDonald’s open but cumming in the food. Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted June 21, 2023 Share Posted June 21, 2023 28 minutes ago, Moa said: At this point in the strike analogy, what the mods are doing is keeping he McDonald’s open but cumming in the food. There’s at least 2 people on this very forum who would switch all of their meals to McDonalds if that were happening 1 Quote Link to comment Share on other sites More sharing options...
Kal-El814 Posted June 21, 2023 Share Posted June 21, 2023 1 hour ago, Spork3245 said: There’s at least 2 people on this very forum who would switch all of their meals to McDonalds if that were happening Only if Trump is found guilty @Chris- Quote Link to comment Share on other sites More sharing options...
Jason Posted June 23, 2023 Share Posted June 23, 2023 practically begging to get a big ADA lawsuit right as your IPO is about to happen is definitely a very smart business move r/Blind's Meetings with Reddit and the Current Situation Regarding Accessibility and API Changes : Blind OLD.REDDIT.COM Moderators of r/blind—along with moderators in other communities who use assistive technologies and Reddit users with accessibility expertise—had... Quote Link to comment Share on other sites More sharing options...
Jason Posted June 29, 2023 Share Posted June 29, 2023 Even given the caveat, this is exactly the kind of thing that makes what Muskrat and spez are doing so stupid. Quote Note that it’s shutting down as an official community, a resource where fans could get help and information directly from the developers. The subreddit will remain in place, but will now be just a community discussion hub. Official Minecraft Subreddit Shuts Down, Says 'We No Longer Feel Reddit Is An Appropriate Place' KOTAKU.COM Mojang's official hub is bailing in the wake of sitewide protests Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted June 30, 2023 Share Posted June 30, 2023 Fidelity deepens valuation cut for Reddit and Discord | TechCrunch TECHCRUNCH.COM Fidelity has further slashed the estimated worth of its holdings in Reddit and Discord as well as SaaS startup Gupshup. Quote Fidelity has further slashed the estimated worth of its holding in the social platform Reddit and the chat app Discord as well as SaaS startup Gupshup, giving a preview into how one of the world’s largest asset manager sees the impact of the ongoing slowdown in the public market on privately-held startups. Fidelity Blue Chip Growth Fund valued its holdings in Reddit at $15.4 million as of May 31, according to the fund’s monthly disclosure released Friday. That’s down 7.36% from $16.6 million mark at April’s closure and altogether a slide of 45.4% since its investment in August 2021. The updated share value suggests a $5.5 billion valuation for Reddit. Fidelity marked down the value of its Discord’s holding to $1.7 million, down 13.4% from a month ago and 47% since the $3.3 million initial investment. (Worth noting that the vast majority of markdown in the value of Reddit and Discord holdings by Fidelity predominantly occurred last year.) 2 Quote Link to comment Share on other sites More sharing options...
Kal-El814 Posted June 30, 2023 Share Posted June 30, 2023 23 minutes ago, Commissar SFLUFAN said: Fidelity deepens valuation cut for Reddit and Discord | TechCrunch TECHCRUNCH.COM Fidelity has further slashed the estimated worth of its holdings in Reddit and Discord as well as SaaS startup Gupshup. Hell yea Quote Link to comment Share on other sites More sharing options...
Jason Posted June 30, 2023 Share Posted June 30, 2023 Last chance to a purge or cleanup of your reddit history: https://github.com/j0be/PowerDeleteSuite/ Quote Link to comment Share on other sites More sharing options...
Jason Posted July 1, 2023 Share Posted July 1, 2023 remember when we tried to make a CEB subreddit? Apparently it was created by vital and he was active recently enough ago to not get auto-removed as the mod. Quote Link to comment Share on other sites More sharing options...
Jason Posted July 3, 2023 Share Posted July 3, 2023 AMAs are the latest casualty in Reddit’s API war ARSTECHNICA.COM "Will this undermine most of what makes IAmA special? Probably." Quote Link to comment Share on other sites More sharing options...
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