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this post was submitted on 22 Jun 2023
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Technology
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Notice how Reddit haven't engaged in any positive damage control at all? It's just been hit pieces against devs, an AMA with completely canned responses and unprecedented wide-spread hostile action against it's content creators/power users/mods?
Reddit is in full-blown sell out mode right now and nothing but money matters anymore. It's all down hill from here.
It does certainly seem like it, but what exactly are they trying to achieve? They don't have an IPO yet and even if they got one now it would be devalued over before the shit show. And with every new day reddit shows potential investors that they have absolutely no control of the situation, and just doubles down on idiocy.
How is it supposed to make money at this point?
Ad revenue should convince the investors. Who cares if there’s no real content besides automated reposts and bot spam, as long as there are some users who they can shower with an endless stream of ads.
Yeah, and with ip logs and ad click throughs and people also providing comments that can form a personality type that type of data can be useful to marketers to see what people with certain interests go on to buy. Add downloading the official app on smartphones with the permission requests, and that's even more data to provide. Especially if the app is able to get info like your email address or phone to then connect to a public directory.
Memory is short on the internet. Reddit are hoping for this to blow over "quickly" (i.e. in a month or two) because they know the bulk of their users will continue to show up (out of inertia or a lack of viable alternatives). If they can keep the front page showing decent posts, they think they'll make it through.
I think the knock-on effects of losing mods and "power users" will take some time to play out. The real long term effects won't be known until it becomes clear that the loss of those key users has effected the quality of the posts and therefor usage by your "average Redditor."
Yeah, I don't care about third party apps or API anymore. Their handling of it became very clear that they are headed in the direction of a Zuckerberg run type multi billion dollar company fully monetizing and extracting data from users, so I don't feel like using their sketchy app like I would never use a Facebook app or Tiktok app, or make an account for either of those two. And don't want to provide location based behavioral data they get from ip addresses and what type of interests I'm into so they can sell that type of demographic data to companies.
People share way more on reddit than they do to people they know because of pseudonyms, so yeah I don't want to directly provide anymore than I have to towards the profits of a large corporation.