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this post was submitted on 16 Jun 2023
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SNOOcalypse - document, discuss, and promote the downfall of Reddit.
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He's saying the same talking points at every interview and handling this situation like Chris Licht did before he got fired at CNN, had some ideas for change that people weren't necessarily against but shove it down their throats with out any finesse or flexibility or fairness and everyone is unhappy and it exposed the true motive. Licht \ CNN was being forced to the right by the owner and billionaire investors, and Reddit is just plain forcing out 3rd party apps (that helped build reddit in the first place, and have been open to paying a reasonable amount for api access) to try and boost revenue. My favorite take on all this is from Arstechnica:
Yeah, spez is treating striking mods like spoiled toddlers, but insisting on making money himself while making their unpaid work harder. It's eroding their good will to volunteer, for what future? Paid mods?
No way, they'd need to pay 3 millions a year or so to replace all moderator work in the platform.
They're trying to optimise the company for the IPO, showing stuff like "you can sell this data to Google for LLM! It's self-moderated! No third party apps eating your adbux!". It's just that it's backfiring... badly.
I said it in another thread but it seems like the past year has been a lot of masks off for the owner class utterly losing it about the peasants not getting in line.
Honestly I wonder if the isolation they’ve had over the past few years has left their reality testing a bit off
I think it's just the feds raising interest rates "forcing" all the internet companies operating at a loss to determine that now is the time to yank the carpet.
They've been using their free-flowing access to easy, low-interest capital to expand as rapidly as possible to insert themselves as broadly into people's lives as possible, so that the profitability is maximized when they decide to flip into exploitation overdrive.
You can see this happening with Twitter, Reddit and Google seemingly all at once.