1107
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

Reddit isn't profitable, despite having more than 50 million daily active users. In preparation for an IPO, CEO Steve Huffman put the platform's API

top 50 comments
sorted by: hot top controversial new old
[-] ForgetReddit@lemmy.world 270 points 1 year ago

They have TWO THOUSAND PEOPLE working at Reddit and Memmy for Lemmy is a superior product with how many people working on it?? 3?

Spez is an impossibly incompetent Elon Musk wannabe (the person who just flushed $44 BILLION down the toilet due to incompetence). He needs to be drawn and quartered tbh

[-] Moohamin12@lemm.ee 73 points 1 year ago

Elon flushed 44B and made 96B just this half year.

The game isn't right somewhere.

[-] OrangeCorvus@lemmy.world 44 points 1 year ago

The game was rigged from the start.

load more comments (1 replies)
[-] theneverfox@pawb.social 21 points 1 year ago

Haha never has been

There's one interesting thought that never comes up in history class...

What happened to the aristocracy?

They didn't give back their land holdings (basically anywhere), they didn't pay reparations, they didn't give up their investments... In some places, they never stopped getting a stipend.

France and Russia. They killed the aristocracy (although others filled the void). In the Americas, if they existed they were killed and replaced with Europeans. In much of Asia, Africa, and the Pacific, locals were raised up to the position.

The US is organized into counties (Counts), territories (Marquis), and states (Duke). There's a couple commonwealths like Virginia too... Why? What does landowners mean? It's all over the constitution. A jury of your peers sounds a lot like a group from the peerage. A redress of grievances from the federal government isn't an option for the common man, but it's in the bill of rights.

When did it end? Because Lord Fairfax isn't a title held anymore, but Fairfax county VA most certainly still hosts the Fairfax family, who are extremely wealthy landlords. They called capitalists who rose up from the common people "robber barons" only a few generations ago... Maybe not because they stole from the people (Carnegie and Rockefeller most certainly gave back to the community), maybe because they didn't come from a certain social class? Name a billionaire or a senator that didn't come from the "I never have to work" class...I can't.

Yeah, the game is rigged. It has been since Rome. The lines have been blurred, but they're still clear if you look for them

load more comments (1 replies)
[-] circuitfarmer 25 points 1 year ago* (last edited 1 year ago)

FOSS does not have an inherent detriment versus corporate products. If enough people want to do it, development of FOSS can in principle move just as quick or quicker than corporate development (and more efficiently too).

The recent interest in Lemmy, largely thanks to Reddit's incompetence, means that not only is the core software moving very quickly but the app scene is growing quickly as well.

[-] danc4498@lemmy.world 23 points 1 year ago

I wouldn't say it's a better product, but it is quicky moving in that direction.

I'm so happy user funded and user controlled is a viable market strategy.

load more comments (3 replies)
load more comments (14 replies)
[-] Dark_Arc@lemmy.world 166 points 1 year ago

The funny thing is... for me it wasn't even the API changes, it was how Steve reacted to the community feedback. If you need to make your app profitable that's fine by me, but don't ignore your customers so bluntly. They could've easily worked politely with devs to find an agreeable API price, find alternative funding streams for those devs, etc. They did none of that, instead Steve acted like a jerk.

[-] 8ender@lemmy.world 56 points 1 year ago* (last edited 1 year ago)

Honestly if they’d worked with the Apollo dev and he’d turned around and proposed something reasonable like $2 a month to continue using it I’d still be on Reddit.

Treating Reddit users like shit, treating devs who have made their whole business about making Reddit better like shit, fucking with unpaid mods, and finally, this weird manifest destiny attitude that Reddit will succeed despite all of the above turned me to the Fediverse.

[-] coltorl@programming.dev 30 points 1 year ago

Just make it part of reddit premium! Ugh, why wasn’t that the solution.

load more comments (7 replies)
[-] TheRealKuni@lemmy.world 43 points 1 year ago

This precisely. It wasn’t about charging for the API. It was about charging an exorbitant amount for the API, giving devs a tiny amount of time to come up with a solution, and then belittling the user and moderator communities.

I don’t want to be a part of a website that treats its own community with so much disdain and spite.

load more comments (2 replies)
[-] SlowNoPoPo@lemm.ee 20 points 1 year ago

100%, I was mad about the api changes but realistically I would have stayed

But seeing the interviews he gave was just too much. Especially when he was talking about monetizing people who say things on Reddit they wouldn't say to their therapist. Like, that group specifically you want to milk? Fuck spez

load more comments (2 replies)
[-] gapbetweenus@feddit.de 16 points 1 year ago

The API change did not affect me personally, I use old reddit anyway, but the reaction showed that he will run this site into the ground since he just does not really get it or is extremely greedy and does not care.

[-] littlecolt@lemm.ee 14 points 1 year ago* (last edited 1 year ago)

This is the business world in general. Consumers need to say to businesses in no uncertain terms that they cannot just do whatever they want and still remain profitable. Without users, there is no profit. Charging for the API would be completely acceptable and expected, but they decided to go the most cartoonishly villainous route possible. This is what a lot of companies are doing now. They have gotten far too used to the profits being free. We should teach them a lesson, collectively.

I'm 43. I lived a good amount of my life without the Internet and even more of my life without smart phones. Even after gaining reliable Internet access, I remember the times when the Internet was not just a few big companies. I just rediscovered one of the old forums I used to hang out on is still operating. They have an active IRC channel as well. Don't think we can't go back, big tech. It would be so easy to go back. Don't tempt me with a good time.

load more comments (4 replies)
load more comments (13 replies)
[-] MxM111@kbin.social 154 points 1 year ago

This is what the API protests revealed as well, as a mod team could decide to go dark without input from its own users

No, just no. Nearly all mod teams had polls about this, and all of those polls with dominating majority selected to shut down. Who is this guy? Is he getting paid by Reddit? If anything the protests revealed that Reddit admins would do anything, including disbanding the moderator teams to bring subreddits back, to suppress protests.

[-] ulu_mulu@lemmy.world 63 points 1 year ago

Came here to say the same, it's BS, all mods asked their communities, most with polls, other with closely monitoring feedback in the blackout announcement threads, no mod acted on their own, they were all supported by the overwhelming majority of their communities.

load more comments (9 replies)
[-] gk99@lemmy.world 132 points 1 year ago

I'd argue reddit lost their identity days ago. Several iconic communities and features died with the API slaughter. Now it's just another link aggregator without the things that made reddit unique.

[-] thehatfox@lemmy.world 19 points 1 year ago

Yeah the risk has definitely already materialised. Reddit is forever changed even if it’s still alive.

[-] paindanslacul@kbin.social 16 points 1 year ago

Can you elaborate on this? Which landmarks have permanently fallen?

[-] Nougat@kbin.social 47 points 1 year ago

I know that Minecraft left. Based on what I've read here recently, the r/android mods moved to the fed as well. BotDefense just closed up shop.

[-] mrbubblesort@kbin.social 25 points 1 year ago

The AMA subreddit mod team gave up on support and recruiting people to give AMAs. /r/pics and /r/videos are gone, almost certainly not coming back. Many companies, like mojang, that used reddit as a semi-official forum have left. Numerous small and medium subreddits have migrated over here. Not API related, but april fools this year was literally just a potato. Other than maybe /r/askreddit, there's not much there anymore that I can think of that still makes it unique.

[-] Arotrios@kbin.social 16 points 1 year ago

Not OP, but /r/AMA was one major casualty - mods just basically said F this we're not dealing with this crap anymore. /r/Pics is fighting the admins on the NFSW tag, along with /r/cyberpunk. /r/interestingasfuck was another one.

As a long time ex-Redditor, the impact is definitely felt - it's just become another link aggregator. I no longer feel any attachment to the site, especially after finding the Fediverse a much richer source of intelligent content and commentary.

load more comments (4 replies)
[-] BobosGonnaeGetYe6@lemmy.world 122 points 1 year ago

The blatant astroturfing is what really icked me out. From day one of the API changes, it was clear that Reddit had spun up the spin machine and had begun to misrepresent the issues.

The main one was how they tried to push the "they just want the API for free", "we're entitled to charge for our services" narrative.

[-] biscuit@lemdro.id 49 points 1 year ago

I legitimately would've paid for the reddit subscription if it meant keeping Reddit Sync. It's nonsense. They just wanted the apps out of the picture.

My Reddit use has declined 70% because I only access it from my computer or through Firefox for Android (which is damn near unusable).

[-] Cryst@lemmy.ca 47 points 1 year ago

My reddit use has declined 100% because I refuse to go to that website. And I was spending hours on it a day.

load more comments (1 replies)
load more comments (12 replies)
[-] ef9357@lemmy.one 23 points 1 year ago

Yes, I loved it when Christian Selig let Hoffman (fuck spez) know his lies were exposed because he (Christian) had recorded their conversation.. and provided proof. Would love a video of Hoffman's reaction.

load more comments (6 replies)
[-] tom@lemmy.fmhy.ml 22 points 1 year ago* (last edited 1 year ago)

The narratives you mention in your last para are completely true, that's what annoys me, IF they had engaged in good faith with users. As it is, it's like a shopping centre that's been free to enter saying "right, it's now €100 to enter and any underwear shops are closed to you unless you wear our uniform."

Just completely crazy prices for a poor service. No shit that's unworkable. Just be honest and say you want to bring those users in-house, just fucking say that rather than trying to gaslight everyone into believing that all these competent developers are all unreasonable arseholes who are screwing you, a multi-billion-dollar corporation over.

load more comments (2 replies)
[-] zeppo@lemmy.world 15 points 1 year ago

There was one comment that really gave me the 'holy shit, ick corporation' reaction... in an article about reddit's traffic going down, a reddit spokesperson said "we do not comment on incorrect statistics from third parties". Like please, calm down, you're not a lawyer for a politician on trial here.

load more comments (1 replies)
[-] const_void@lemmy.ml 82 points 1 year ago

Already gone. We Lemmy now.

load more comments (3 replies)
[-] ghariksforge@lemmy.world 72 points 1 year ago

Reddit lost its identity a long time ago. It is no longer the place Aaron Schwartz made it to be.

[-] chris2112@lemmy.world 61 points 1 year ago

They've already lost their identity. The parties over, spez has turned it into corporate garbage no better than Instagram

[-] Haha@lemmy.world 47 points 1 year ago

Too late? It already has. Where are the volunteers who contributed precious time to it?… im certainly gone.

load more comments (4 replies)
[-] Deadeyegai@lemmy.world 40 points 1 year ago

Too late for that already right? Just like imgur, correct?

[-] zeppo@lemmy.world 25 points 1 year ago

I wish people would stop using imgur. It's entirely unnecessary for posting single images. Also, I use noscript and the number of external websites imgur loads scripts from tripled sometime last year, and now it doesn't even work to display a single image unless you enable who-knows-what sites (most sites, it's easy to tell which ones are necessary - for imgur, it isn't). Even worse it flashes the image and then it disappears without JS enabled for whatever domains it needs. So people using imgur is enabling all sorts of ad tech/privacy invasion companies to track whoever clicks on their photo, for no real reason.

load more comments (5 replies)
load more comments (2 replies)
[-] Beastie 40 points 1 year ago

Lemme fix that title, s/risks losing/lost

There ya go :D

[-] B_Minus_Student@reddthat.com 36 points 1 year ago

I've contributed and made more replies on here than I ever did on reddit in a decade. Feels a bit more genuine and accessible. Also trying to close the door on insta, my only other social. Tired of that shit.

load more comments (9 replies)
[-] Captain_Patchy@lemmy.world 31 points 1 year ago

Reddit isn’t profitable, despite having a billion dollars in advertising dollars coming in every year? And someone thinks that spez should remain in charge?

[-] cyanarchy@sh.itjust.works 15 points 1 year ago

My gut reaction is that a multimedia website the size of reddit must be a juggernaut of server and hosting expenses.

load more comments (7 replies)
[-] cthellis@lemmy.world 29 points 1 year ago

Reddit basically lost any semblance of respect the community should have for it. You know, the people who give them all their content and do all their moderation for free.

Fuck 'em high.

[-] Ensign_Crab@lemmy.world 26 points 1 year ago

Whatever they've lost, they still retain their hard-earned reputation as being a cesspit of trolls and bigots.

load more comments (2 replies)
[-] CookieJarObserver@feddit.de 17 points 1 year ago* (last edited 1 year ago)

They already did. They killed so many things.

load more comments
view more: next ›
this post was submitted on 07 Jul 2023
1107 points (97.1% liked)

Technology

59875 readers
4636 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 2 years ago
MODERATORS