CEO Steve Huffman told me in an interview last week, “90-plus percent of Reddit users are on our platform, contributing, and are monetized either through ads or Reddit Premium. Why would we subsidize this small group? Why would we effectively pay them to use Reddit but not everybody else who also contributes to Reddit?”
It’s called a “loss leader,” Steve.
Dude’s sounding like the kind of guy that cuts IT, security, and janitorial because they don’t bring in revenue. But then, he did say he’s following the Musk model. Which is, basically, that.
90-plus percent of Reddit users are on our platform, contributing, and are monetized either through ads or Reddit Premium
I wonder how many of those reddit premium members have cancelled their subscriptions. I know I did. I had premium for years as it seemed like a good way to give a little bit back to a site I was using multiple times a day, every day. As soon as Spez started his bullshit I cancelled it and won’t be back.
All they had to do was offer API keys with Reddit Premium. Plug-and-play into your 3rd-party-app of choice. Can’t believe those dum-dums chose to kill off their golden goose instead.
Speaking of API keys, the free key allows just a little bit of traffic, which is probably just enough for a single user, but not enough for all the Apollo users added together. So, my idea is that what if every user had their own personal key…
I suspect they could’ve overcharged still, but just shut their mouths and continued as normal. Each new tactic is awful and self harming.
Same here. Cancelled the day the blackout started as sort of a personal statement. Not that I expect that statement to be heard by anyone.
Updated to say that MildlyInteresting mods are back.
The same mods as before, or is the list different?
I just got a threat from them on one of the subs I moderate that is private and has been for years. It included this gem:
If this community remains private, we will reach out soon with information on what next steps will take place.
We already know what their “next steps” are. It will be interesting to see if they ban my account as well. I’ve already nuked all of my comments and posts. Fuck them.
Lol how dare he frame this like he’s firing employees for not doing their jobs. This isn’t a job dipshit, it’s unpaid volunteer labor that for some dumbass reason you think you’re entitled to just for offering an empty room for people to walk in, decorate, and create community in. Honestly what a POS.
It’s honestly crazy how poorly this whole thing is being handled. Reddit admins are really showing their true colors and keep doubling down on everything, making themselves look like absolute fools. They realized they don’t have as much power as they wanted and are acting like grumpy children throwing a temper tantrum
Absolutely wild. I used to moderate a local-area subreddit with around 39K members and decided to just cut my losses. Deleted my account and never looked back! I was happy to see that the remaining mods stuck with our 2-day blackout plan.
Honestly though, it was such a miserable job. Constant bad-faith arguments from folks trying to post heinous comments about asylum seekers, LGBTQ+ folks, etc. It really makes you lose faith in your fellow man. I’m very happy to have given it up. I guess this is why Facebook spends millions of dollars on content moderation – it’s very taxing.
Well, if the guy really wants to be Elon and follow the example from the Twitter, then shutting down moderation to let the racism, homophobia and science denial run rampant is all part of the genius plan.
It’s insane that any CEO would point to Twitter and say, “that’s the model we want to follow”. They are making like 5 figures worth of money on subscriptions, they have lost tons of advertising due to their content policies in the Elon era, and people generally feel unsafe so a bunch of people left the platform. What is redeeming about any of that?
I guess this is why Facebook spends millions of dollars on content moderation
Meanwhile reddit is shitting all over the people who were donating these millions of dollars worth of content moderation to them.
Anybody who invests in the reddit IPO must be an absolute idiot.
Seriously. There are tech companies out there which are 100% scams and they are better run than reddit. They do not understand how their own product works. DO NOT BUY!!!
