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Reddit CEO: We're Sticking With API Changes, Despite Subreddits Going Dark (uk.pcmag.com)

submitted 1 year ago by 0485919158191@lemmy.world to c/lemmyworld@lemmy.world

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[-] Overcast@lemmy.world 103 points 1 year ago* (last edited 1 year ago)

Unlike some of the 3P [third-party] apps, we are not profitable

It's their own fault. They didn't have to take hundred of millions of venture capital and hire thousands of people. They didn't have to go try to become a XX billion dollars company fighting with Facebook and Tiktok.

They could be profitable with a hundred engineers, a hundred support staff and reasonable ads. They could make delivering ads part of their API and have 3rd party apps serve them for them. They could let those 3rd party app handle the mobile markets since those solo devs are creating better apps than the hundreds of engineers at Reddit.

I'm really annoyed that they are changing a winning formula to build something that nobody wants

[-] Corkyskog@sh.itjust.works 35 points 1 year ago

This is like if a Grocery chain said that they need to stop selling Lemons to little girls because the lemonade stands were profitable and they aren't. The scale of the two businesses is not the same... none of these apps have millions of dollars in VC funds or thousands of employees.

[-] Obi@sopuli.xyz 25 points 1 year ago

But Reddit doesn't need these thousands of employees, they're already getting the brunt of the workforce for free (the mods). Like the other guy said, one hundred engineers to manage the platform, 100 customer service to help the mods/do admin and off you go, you just need a few unobtrusive ads to finance that. But that's way too open and won't turn you into a billion dollar business nor get you any love from advertisers or VCs, let alone going IPO, so we are where we are.

[-] nsavage@lemmy.world 10 points 1 year ago

Agreed. What are all their employees doing? Is reddit basically an adult daycare?

[-] Smokeless7048@lemmy.world 14 points 1 year ago

they are doing things like launching Avatars, NFT's, and other ways to try and cash in for a quick buck.

[-] Trainguyrom@reddthat.com 7 points 1 year ago

As someone who's 4 weeks into new job with very unclear duties, there's definitely a point where a company loses a lot of efficiency because there's too many people who don't seem to do much for the company, even those who want to do more for the company.

On the upside its a very low stress job with very good pay and benefits, plus I'm getting to do things like leading trainings that I might not otherwise get to do at this stage of my career