Fuck Reddit. Scumbags.
RIP Aaron.
This is a most excellent place for technology news and articles.
Fuck Reddit. Scumbags.
RIP Aaron.
RIP Aaron indeed. May his fighting spirit be the anchor point for any community that's succeeding Reddit.
Amen.
When can we start shorting the stock? /s
If you really want to sabotage, just upload lots of videos to subreddits that you can't advertise on.
so use Reddit for exclusively porn? way ahead of you
Im betting porn only has a year or 2 left on reddit. They already been slowly purging for years. Got to keep the advertisers happy.
There was some other social media site that banned porn a few years ago, I think it was Tumblr? I wonder how that worked out for them.
Let me check my Tumblr, oh wait. I don't have one.
Hmmm, let's see.
Failing company rooted in a more traditional framework they're trying to break out of
Said company has no idea what they're doing and keep doing ridiculous things to "break out of" traditional framework
Keeps doing things no user/customer asked for
Said company has no real effective long-term game-plan and keeps changing tack because of bad previous choices
There's a good chance the company could go completely bust because of lack of good business plan and solid leadership
Redditors: Reddit is the new GameStop!! DRS!! MOASS!!!
Keeps doing things no user/customer asked for
I'm pretty sure the advertisers - their real customers - asked them to show more ads.
Huffman is ostensibly following Elon Musk's lead, and last I checked, Musk had pretty effectively chased away a massive amount of what one might call "rational" advertisers. Reddit is absolutely following a similar path, and soon enough there will be advertisers who no longer want to be associated with a toxic brand.
Ostensibly? I think you mean obviously/openly.
It's not just similarities; Steve Huffman is openly and directly copying Musk. Honestly, given Ex-Twitter's performance, I have no idea why any investors are allowing that.
Well we have 6 weeks to prepare for the next mass exodus lads and lassies
i.e. Have a backup account on a small instance ready for when the big ones get ddos'd
Founded in 2005 by web developer Steve Huffman and entrepreneur Alexis Ohanian, Reddit became best known for its niche discussion groups and its users voting "up" or "down" on the content posted by other members.
I appreciate this extremely sly shade at Steve Huffman.
He's not an entreprenuer because he didn't do dick between leaving Reddit and coming back to Reddit whereas Ohanian had a few other companies in his back pocket.
I mean, Ohanian sucks, too, but this sentence is just Reuters kicking dirt in Steve Huffman's smarmy little bitch face and I'm fucking here for it.
And Huffman’s programming skills weren’t even that great because they quickly brought in Aaron Schwartz to make it all work, yet they always conveniently leave him off of the founders’ list.
This is literally the story of almost every successful tech venture. Even in the company I work for, the CEO was a former salesperson while the dev who started it all was still a dev after 20 years. He singlehandedly created the entire product catalog but no one outside of the company knows his name. The CEO's name is all over everything, including a "book" he "wrote".
There's always a low profile nerd somewhere in the background who is absolutely key to the whole operation but they rarely get cred.
Oh good, some breathing room to finish Voyager's new onboarding flow
Goodness I hope the gamestop nerds find a way to absolutely destroy this. If there is any chance of a scheme working, I will invest.
Time to buy shorts. Or puts. Or kangaroos. Whatever.
I don't know a fucking thing about stonks.
Perfect, you'll fit right in
Founded in 2005 by web developer Steve Huffman and entrepreneur Alexis Ohanian, Reddit became best known for its niche discussion groups and its users voting "up" or "down" on the content posted by other members.
Disgraceful, disgusting, lying scum. Say his name: Aaron Swartz
Aaron Swartz actually didn’t found Reddit. He built a similar company that wasn’t gaining traction, and as both of them were under y-comb and Reddit secretly seeded fake accounts, Swartz and y-comb decided to merge into Reddit. Swartz was sort of their first and hardworking employee instead of a co-founder.
Seems like a terrible investment, I can’t see what they can possibly do to add value. Everybody who wants to use Reddit is already on it and anything they do to try and milk it will just lose them users.
I've had the impression for a long time that Reddit could stand to lose a large part of its users in order to be more profitiable. The nerds getting into long winded "ackchually" "debates" are making the site worse for the meme scrollers and they are also not the type to click on ads. They're not trying to attract more users, they want to maximise revenue from the existing pool. I don't think it's a coincidence Reddit has been slowly moving away from "discussion board" and towards image and short video (like the other three big platforms) because that's where the money's at.
My prediction is that shortly after the IPO we'll see .old go away, and a further sterilizing of subreddits ability to forge unique identities. The only question I have is how do they expect to attract sufficient moderators, buuuut they haven't had trouble after the API debacle so maybe there are more people willing to provide free labor than I assume!
Cool. That'll be a fun trainwreck to watch.
Ooh, I can finally short!
Contrary to many in here, I don't think this will cause another exodus from reddit. those who might be concerned by this have already left or reduced their time on the platform
If Facebook hasn't had a mas exodus, neither will Reddit.
Facebooks death is slow and ongoing, and I'm pretty sure Reddit's will be too.
I’d expect another big exodus around then.
Yes. Best thing we can do is be ready (from a tech perspective) and welcoming (from a human perspective). They'll come or they won't.
Compared to summer, Lemmy now has thousands more users, hundreds of active communities (no where near Reddit yet on niche subjects), actual made-on-lemmy content in a bunch of places, and a bunch of apps that mostly have the bugs worked out. It's probably fair more appealing now to join than it was in summer.
We still have roadblocks: general confusion about federation (the email analogy seems to be working best), difficulty properly explaining how to sign up, a harder time finding communities, and it's impossible to migrate between instances without starting fresh.
I'm curious how they will tank their worth by then, as is tradition.
I've never bought options before, but I'm in for 10grand and shorting the shit out of this.
If you're serious, just remember the old saying "Markets can remain irrational a lot longer than you or I can remain solvent"
Easiest short of my life.
Wouldn't be surprised to see lemmy activity spike in March. Probably not as big as during the API debacle, but still.
Is it even worth anything to investors anymore at this point? Huffman kind of destroyed any faith anyone had in Reddit, seems like it's just going to slowly turn into an ad distribution service to scam people who don't know any better lol