darkmugglet

joined 2 years ago
MODERATOR OF
[–] [email protected] 6 points 2 years ago

I would argue that this whole thing will delay or devalue the IPO. Institual investors will look at this rather public fight and question his leadership. And the whole attempt at damage control makes him look bad. The only investors that will look past this fiasco are those who are doing the long play, and even then, they likely won't want Spez involved.

From a risk perspective, Reddit has just highlighted it's biggest risk: the volunteer moderators. The only way Spez will be able to fix that is to replace moderators with AI or paid moderation teams. At an estimated value of $3.4M, and a company that is not profitable, that increases the risk in terms of the business model.

In general, social media is inherently flawed for profits. The path to monetization is ads and data, and the fact that Spez is now squeezing the users make me think that the value of the data and the ads is not producing the returns to compensate for dumb ideas like the NFT project.

[–] [email protected] 1 points 2 years ago

That sounds dreadful, and yet apropo. I would not want to see the results of said photo shoot, but it would trigger right wingers and Reddit.

[–] [email protected] 1 points 2 years ago

This is the way. For best results, search public records for restraunts with a history of food poisoning to find the optimal toilet seats.

[–] [email protected] 6 points 2 years ago

And you used to be able to buy super battery packs too. You could get a pack that would power your phone for days.

[–] [email protected] 2 points 2 years ago

That opinion peace helped me to understand what was different about this situation vs Twitter. The business model at Twitter is different. Twitter didn't require communities with tremendous user investment to create a community, and by not realizing community was the differentiating aspect of Reddit, they didn't understand how passionate people would be.

[–] [email protected] 11 points 2 years ago

If that's the case, he wouldn't be wrong. I mean, he should just do whatever he's thinking and get it over with. The users and mods are pissed, all goodwill has been spent.

[–] [email protected] 5 points 2 years ago

We had electric for the past 15 years and bought a home with gas. We lasted a year before wanting to go back. The pollution point was enough to give us the reason to go back. Electric cooktop look better, are easier to clean and they don't have a burner smell. I am an asthmatic so pollution is a concern (we have multiple air purifiers throughout the house), and these studies were enough to convince us that going from gas to electric may not help, but it wouldn't hurt.

[–] [email protected] 21 points 2 years ago (3 children)

The point is to hit reddit where it hurts - ad revenue. There will be a slight spike in interests as people laugh, then the lack of original content will cause people to be bored. New subreddits will have to be created and built from the ground up. Moderating a subreddit with 40m subscribers is hard.

Spez needs to realize that going to war with the users is a dumb move.

[–] [email protected] 23 points 2 years ago

I haven't laughed this hard in so long. The malicious compliance is epic. John Oliver can't buy PR like this, and he has got to be one of the few people that can appreciate being the face of something like this.

[–] [email protected] 34 points 2 years ago (6 children)

This is epic. Trolling level 10. Spez wanted to force them to reopen, so they did, but burned the subreddit. I can't wait for r/gaming to be only about ping pong, or r/videos to be only cat videos.

You can not force a community. And Spez has unintentionally created a community, just one that hates him.

[–] [email protected] 35 points 2 years ago (3 children)

Ironically, if Reddit has been up front and said they were killing third party apps, and kept their mouths shut they would have faired better. For a stupid play like this, speaking only makes it worse. This is going to be taught in business school on how to kill a business.

[–] [email protected] 6 points 2 years ago (1 children)

I think point two is interesting, but only if the communities choose too. One of the interesting promises of federation is that you can have competing communities with different interests. I can completely see commerical interests hosting a server (e.g the NBA or NFL) that has strong brand identity as a place to interact with stars, and then the un-branded fan sites. IMO, the competition is what makes the Fediverse interesting, and seeing that play out is fascinating.

view more: ‹ prev next ›