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
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.
We need to strike back with a coup
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.
“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?”
If I’m reading this correctly, this is blatantly assuming that he would rather loose those 10% of users who use third-party apps, than letting them use Reddit for free. He even calls it “subsidizing” them. The tricky part for the CEO-wannabe spez is to know how much of those 10% are content creators. Are users who use third-party apps more prone to post or not? Because let’s face it, if he’s betting on having a thriving social network trying to mimic tiktok, instagram, etc… he’s light years behind. Reddit will never be the choice of shitty influencers and people mimicking each others dances. It’s just too complicated of a network for such a basic user-base.
OR…he just wants to prep things up to sell and disappear. From everything I read, his Eloncrush is the most worrying part of it all.
