“It’s time we grow up,” says former moderator of jailbait subreddit.
I just commented on another similar article! His reasoning for this move contradicts itself! How can he claim that the overwhelming majority of users (97%) use the official Reddit app, but the use of 3rd party apps is destroying their bottom line? That means that that the lost profit from 3% of users are the reason for the API price change?
And… if there are only 4-5 big 3rd party apps (like Apollo, RIF), why force them out of the market? If only 3% of users use them, are they really that big of a deal? Why are the prices so astronomically high?
This is Reddit consolidating their empire. I hope that folks are prepared for future roll-outs of new subscriptions and reasons that Reddit users need to pay.
I’m honestly shocked the redditors are so blind to this. Do they actually think it’ll just be plain sailing from here on out?
Maybe in just to old skool and remember a time when Reddit would have really stood up.
Reddit felt like it was going downhill for a long time. I think I just started scrolling it out of habit, only participating in a few subs for hobbies and games. This shitshow was the kick in the ass I needed to shreddit and delete my account.
Also. I think more users need to do that. Make sure you shreddit your comments and posts so reddit can’t keep your content.
It’s been pretty bad for a while now.
I used to go to reddit to learn something new, to see the news for the day, to find a cool new hobby or interest, to read deep discussions about topics that I didn’t know that much about.
But that was like 8 or 9 years ago.
Lately the entire front page is doom bait, vaguely disguised racism, political trolling, violence, memes, and reposts.
I used to browse /r/all about half of the time and my subscribed subs the other half.
I muted serial reposters / content farmers whenever I noticed them, but this past year I hit a breaking point and I changed my default feed to subs only and intentionally chose to avoid /r/all.
Sucks that I’m going to lose my niche communities on reddit, but I’ve been a lot happier here so far.
Reddit got so big it’s now the default, the masses are always looking for the simple default option.
Yeah it’s the convenience of use. Fediverse right now is not convenient to use IMO. Most of the people here are somewhat tech savvy and even then many people did face issue of creating an account and were confused about how the whole thing works. Now try explaining all that to a person that just uses Reddit like the company intends them to.
It makes so little sense to me. They could have charged a reasonable amount and made some money off of the apps, but instead, they chose to kill them and lose their users. Some might migrate to the official app, but this uproar may have caused even more to leave the platform entirely.
Sentence 1: Really, only 3 percent of users are pissed about this; It’s insignificant.
Sentence 2: These disruptions from 3rd party app supporters really hurt our bottom line. This is expensive!
Maximum cope
😂 fuck u/spez
I like the Fediverse and I think I’ll stay.
I fucking hate spez. Will never use reddit again
I’m actually somewhat happy all this happened now. I’m sad for the 3rd party app devs and everyone who suffers from these decisions. And for the wonderful communities and knowledge bases that were shattered.
But I think it caused me, and many others, to realize that great community and discussions could still be had on the internet, and that we hadn’t been having those for quite a while over on reddit.
There’s a lot of value in smaller scale too. Not everything needs to be mega-platform level for the mass market. We can have great communities in smaller spaces online too — sometimes even better as a result.
It’s probably even more expensive to piss off any investors right before an IPO.
As CEO, I always like to go online and tell the whole world “we’re not profitable” right before my IPO. Big brain stuff, ya know.
I think this is exactly why. It’s to make sure that Reddit is “shored up” from any profits leaking out, and making sure that NSFW content is locked down so that investors actually invest.
It sucks because it’s our posts, our comments, our information that makes Reddit what it is. This is simply preparation for advertising and other for-profit opportunities. Greedy.
I enjoy how he’s still talking about this as if it’s purely about having 3rd party apps pay a fee, not about his incredibly piss-poor handling of it.
This is why the fediverse is so great. It really is really expensive to run a social media company. By spreading the cost over many actors and encouraging competition, this allows us to host content without being beholden to billionares.
*Chinese billionaires
Are you trying to bring your Reddit = Chinese government xenophobic r/conspiracy Reddit nonsense here? Would you like to provide proof? Because this is violating a rule.
I think he’s referring to how Reddit used to operate on Tencent funding.
Tencent is partially owned by the Chinese government.5% stake is not relevant if you looked at other shareholders of Reddit. It is a xenophobic conspiracy theory if we looked at the largest shareholders of Reddit (https://web.archive.org/web/20230108005443/https://www.investmentwatchblog.com/who-owns-reddit-a-breakdown-of-the-type-and-nationality-of-shareholders/):
- Conde Nast (AP): 100% * 0.72 = 72%
- American VCs: (5% + 1/3 * 5%) * 0.8 + (1/2 * 11.1% + 7/18 * 11.1%) * 0.9 + 5% * 1.0 = 19.21%
- American individuals: (2/3 * 5%) * 0.8 + (1/18 * 11.1%) * 0.91 = 3.23%
- Dubai VC: (1/18 * 11.1%) * 0.9 = 0.56%
- Tencent: 5% * 1.0 = 5%
Breakdown of Series A VC, Condé Nast: https://www.nytimes.com/2012/09/03/business/media/reddit-thrives-after-advance-publications-let-it-sink-or-swim.html
Breakdown of Series B VCs being all Americans: https://www.crunchbase.com/funding_round/reddit-series-b--662ba273
Breakdown of Series C VCs being 8 Americans and 1 Dubai VC: https://www.crunchbase.com/funding_round/reddit-series-c--168f04d0
Breakdown of Series D VCs with 3 American VCs and China’s Tencent: https://www.crunchbase.com/funding_round/reddit-series-d--c9282e50
Condé Nast and one American VC hold more shares than Tencent, plus Reddit is astroturfed by US military, as seen during 2015. https://old.reddit.com/r/Blackout2015/comments/4ylml3/reddit_has_removed_their_blog_post_identifying/ Reddit, if anything, is a literal US military arm to spread propaganda in media, and not controlled by Chinese government.
The root of “Tencent CCP own Reddit” conspiracy literally lies in r/conspiracy to spread xenophobic sentiments against China. Anyone perpetuating this nonsense will face a ban after this.
It’s well known and accepted that the Chinese government has significant control of Chinese companies, and Reddit is partially owned by Tencent. That’s not xenophobic.
The fact that it’s something like a 5% stake is more relevant.
Read the below response. https://lemmy.ml/comment/750332
Condé Nast and one American VC hold more shares than Tencent, plus Reddit is astroturfed by US military, as seen during 2015. https://old.reddit.com/r/Blackout2015/comments/4ylml3/reddit_has_removed_their_blog_post_identifying/
The root of “Tencent CCP own Reddit” conspiracy literally lies in r/conspiracy to spread xenophobic sentiments against China. Anyone perpetuating this nonsense will face a ban after this.
“a literal US military arm” is just as ridiculous. It’s neither.
Far, far less ridiculous than “Chinese government controlled”, as there is real proof of US military astroturfers, as shown above, and Reddit even suppresses this information intentionally. The whole of frontpage is suspiciously filled with pro-US imperialist propaganda and an anti-China/Russia article every week with dozens of awards.
And you think there aren’t Russian and Chinese propagandists on Reddit?
pro-US imperialist propaganda
Right. Like all those school kids getting shot.
Gonna be even more expensive to run a company that no one uses!
It’s expensive to run a company that constant wastes resources and is trying to grow beyond what it is.
I liked it better when they had one kind of Reddit Gold and displayed a progress bar on the homepage showing what percentage of daily operating costs were covered.
“It’s time we grow up,” says former moderator of jailbait subreddit.
See this is another thing, how is Reddit management not in prison and on the sex offenders list? They willfully and knowingly distributed child pornography for YEARS. And it’s not like they’re rich enough or have enough high up connections to get out of it. What the fuck?
Man I’m seriously waiting for reddits downfall
