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
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.
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.
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.
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Fund it with donations, open source all the technical components
reddit did both of those originally
but when they started taking private VC money they had to start making returns on that investment which spiraled into the current situation
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Yeah, we all see his extremely punchable face. Simultaneously blond and ginger and rat-like. It’s a big reason I’m off reddit.
Whatever they’ve lost, they still retain their hard-earned reputation as being a cesspit of trolls and bigots.
Some troll bigot racist xenophobe ablist literally downvoted my chungus post. Im so done with reddit.
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?
My gut reaction is that a multimedia website the size of reddit must be a juggernaut of server and hosting expenses.
Idk but in my opinion describing red*it as a juggernaut for hosting multimedia is a bit far fetched, since their own image / video hosting platform is pretty shit and most of the media content is actually hosted on other platforms.
I didn’t mean to imply they were good at it, just that the volumes of data involved are certainly not trivial.
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.
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).
You just reminded me to cancel my Reddit Premium subscription. It was $30/year. Not sure what to do with my 75K coins.
Maybe go find some comments recommending Lemmy and gild them?
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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
Too late for that already right? Just like imgur, correct?
I learned about catbox.moe recently. It’s pretty great. Simple interface, uploads up to 200mb, files are kept forever, and when you upload a picture, it gives you the actual direct link to the image; not like every other image hoster that gives you a link to the “image page”, then you have to right click on the image and copy the link address to actually get the direct link.
Only thing that sucks is it doesn’t strip exif data from the pictures uploaded, but not a huge deal since I just use it for memes and random pics anyway.
