Reddit protest

Yeah, a company needs to be able to make money to be long term viable. However, charging reasonable prices and understanding your user base is just as important. I think they failed to find a middle ground. It’s like when I owned CF - I lost a lot of money every month for years out of our family budget (roughly $1K per month not to mention 40+ hrs/wk of effort). Without revenue, things can’t survive in their current form forever.

The blow back reminds me a lot of the Netflix password sharing crackdown though in that a lot of people will protest but it won’t end up hurting the company. Netflix reportedly signed up more members since cracking down than at any other point in their history.

Even if some people truly leave Reddit, I’m guessing they more than make up for lost content with the increase in ad views, API revenue from machine learning tools, and eventually charging for more features in a hopefully better App.
It will be interesting to watch. There are examples of mass user exodus that crippled companies as well. In this case, you’ve basically lost a good portion of your free labor and most driven users. I’m not convinced they survive if they don’t find a middle ground.
 
Yeah, a company needs to be able to make money to be long term viable. However, charging reasonable prices and understanding your user base is just as important. I think they failed to find a middle ground. It’s like when I owned CF - I lost a lot of money every month for years out of our family budget (roughly $1K per month not to mention 40+ hrs/wk of effort). Without revenue, things can’t survive in their current form forever.

The blow back reminds me a lot of the Netflix password sharing crackdown though in that a lot of people will protest but it won’t end up hurting the company. Netflix reportedly signed up more members since cracking down than at any other point in their history.

Even if some people truly leave Reddit, I’m guessing they more than make up for lost content with the increase in ad views and eventually charging for more features in a hopefully better App.
This makes sense. I am intrigued to see what happens when they go public while having free moderators. I can understand a site like this having some volunteers, but Reddit... Every other big social media company I can think of pays their moderators. Sounds like spam bots have been increasing recently too
 
It will be interesting to watch. There are examples of mass user exodus that crippled companies as well. In this case, you’ve basically lost a good portion of your free labor and most driven users. I’m not convinced they survive if they don’t find a middle ground.
There isn’t a credible alternative at the moment and the most active will have the hardest time staying away. I don’t doubt some will delete their accounts, but I’d bet money that 2 months from now activity is almost exactly the same as it was 2 months ago, if not higher.
 
Ah okay, my bad. Still really crappy by Reddit, a website that doesn't make its own content and relies on free labor to moderate its website. And yet the CEO admitted it's still not profitable.

My understanding is removing the third party apps also makes it incredibly difficult for visually impaired to use the site. Saw something that said screen readers counted as a 3P.
 
There isn’t a credible alternative at the moment and the most active will have the hardest time staying away. I don’t doubt some will delete their accounts, but I’d bet money that 2 months from now activity is almost exactly the same as it was 2 months ago, if not higher.

Digg's big opportunity for a resurgence!
 
I think the other thing reddit is trying to curb is the amount of bot usage that happens. I think a lot more of their "activity" is bots than they care to admit and want to curb that before going public and having to answer to why they're user numbers were so inflated (and losing ad $$).

Also since reddit seems to be down this morning, I love that they seemingly took advantage of the "protest" to do (what I'm assuming) is maintenance to the site since it should be affecting less people. It's super petty but also smart.
 
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Interesting.

I've always thought of Reddit as mostly peopled by pimply teenager boys sitting in their grandma's basement.

I guess now it's pimply chatbots sitting in an Atari warehouse.
 
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"Leaving" a site that you are in a habit of frequenting everyday is very tough without a viable alternative to fill that hole that you are creating.

Any and all sites that built a business model that relied heavily on venture capitol money is going to have to make changes to stay afloat.
 
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That is a little off. The creator was guessing $20 million a year. Still crazy high compared to what they were paying now.

Twitter API has free tier and paid tier, at least when I was using it pre-Elon.

Just to be clear, the API calls are currently free and there will be a free tier (that according to Reddit, 90% of the apps would fall under, but who knows the real number) that will be there starting July 1.

It's just how hard they went from Free > Pretty freaking high prices is the critical issue.

These 3rd Party Apps had to know the day was coming but I with Reddit wasn't acting in such bad faith about the whole thing.
 
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This makes sense. I am intrigued to see what happens when they go public while having free moderators. I can understand a site like this having some volunteers, but Reddit... Every other big social media company I can think of pays their moderators. Sounds like spam bots have been increasing recently too
Its why the API tools were so important. Reddit wants free labor to use their options only, and while I have no experience, it sounds like Reddit hasn't invested nearly enough in improving its own product.
 
"Leaving" a site that you are in a habit of frequenting everyday is very tough without a viable alternative to fill that hole that you are creating.

Any and all sites that built a business model that relied heavily on venture capitol money is going to have to make changes to stay afloat.

I’m a little stunned at this point that the tech model of “acquire users, go public, never turn profit” is still working. You could write a novel about Yahoo/Tumblr alone.
 
Browsing Reddit with those ads felt like driving in the rural US and seeing the billboards.
How many Wall Drug ads do you see on Reddit?

ranch+4.jpg
 
I just want the "He gets us" ads to go away

I get scientology ads the few times I check IG. Probably because of my proximity to some locations. Seems extra icky to be pushing that kind stuff over normal marketing for cheeseburgers and energy drinks.
 
I think one of the things that drives people nuts about what Reddit is doing is just how obvious their intentions are while pretending as if they're acting in good faith.

They want to kill off 3rd party apps. Full stop.

It's clear in the pricing (going from free to $1Mil+ per month for popular apps) and it's clear in their timeline (only 30 days notice). There are so many ways in which they could have done this, if they wanted 3rd party apps to stick around, such as requiring using an Ads API, requiring more data collection, lengthening the timeline or easing into new pricing models, etc etc the list goes on. But they didn't.

They've hit the point in the "enshittification" cycle of internet platforms where they decide now's the time to cash the hell out, and give a giant **** you to their userbase, betting on their own momentum to just keep going and start extracting value.
 

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