He's had money thrown at him from VCs, thousands of people generating content, and administering content for free, sitting on a goldmine of data and goodwill and Community spirit, and he's managed to lose money, burn bridges, and fuck up the whole deal all for thppe sake of chasing a few dollars of API revenue and a bruised ego. All while others make millions and gain significant community support using the exact same data with business models he could have just copied or shared in.
He's had every opportunity. He's fucked it up at every step.
Remember the threat that Reddit presented to capitalism's status quo around the height of antiwork and GME.
If Reddit falls, it will be on purpose. Same as the 180 of Twitter as a somewhat legitimate forum - Twitter being a key organizing tool during the Arab Spring (with the Saudis being the largest investor in Twitter behind elon of course).
Billionaires do each other favors to keep the class war in balance.
yeah i’m not sure this theory holds water… it’s pretty obvious the community won’t just give up: everyone saw what happened with mastodon
the fediverse is ideologically opposed to corporate and capitalist interference, so they’re just pushing people to a platform that they have even less control over, in a manner that pushes people to be more anti-capitalist, to a platform whose very existence is about being anti-corporate!
mayyybe you could say that combined with threads the “long play” is to embrace, extend, extinguish essentially moving reddit to facebook? but that’s a stretch and a half
i agree with hanlons razor here: spez is just a fucking egotistical moron
he's managed to lose money, burn bridges, and fuck up the whole deal all for thppe sake of chasing a few dollars of API revenue
Let's call this what it actually was though, there was no attempt at making money from the API. This was entirely to shut down 3rd party apps. Smart AI companies will just scrape reddit. The only people affected by this are 3rd party app developers and users.
This is even more amazingly incompetent. There are a near infinite other ways they could have handled 3rd party apps not showing ads, but they instead chose the brute force method that makes no one happy.
Fair point. And yes, there's just so many ways he could have made money from third party apps and their users without trashing them. The AI explanation just didn't make any sense to me at all.
A business brain would have followed the money. He's just following half-witted ideas/ego. I don't think he really realises or understands what he had.
The thing that gets me is that rif used to have a revenue sharing arrangement, which was axed when spez came in. He literally had a functional way of profiting off of third party apps and he threw it out.
I don't know that they would have when you consider the goal is to prevent a revolt. One reason so many people revolted is that they killed a bunch of third party apps and tools without an acceptable alternative. If they had an internal app with the quality of Apollo, certainly many people would be mad but you would find significantly fewer people mad enough to leave.
Wow thanks for posting, what a read. I suspected average employees would not like what is going on.
I can relate, up until recently I was in a company whose product and decisions I strongly disliked and browsing r/antiwork like wild to cope. I was close to burnout due to the mismanagement and work heaped on me.
Until eventually something in me snapped and I went and found a better job. Is everything good here? God no, but my current manager is nice and my workload more manageable for now and I learned I have options if it grows unmanageable again, a lot of options actually.
So thanks for those who keep posting to move on as well, it‘s a bit repetitive and perhaps obvious, but useful nonetheless for those who don‘t see it yet.
Though if one loves the product and coworkers and work and the main shit thing is the management, maybe a union would be the more useful solution. It‘s a good way to influence some of these decisions, perhaps what makes my current employer better is the presence of a union.
That kind of work environment is unsurprising given he idolizes Musks Twitter. From what I have heard, in general Musks companies are known to be horrible to work for.
Blind is an app where people can sign up anonymously but have to verify they actually work at a company by registering their company email. In the app there is a company-internal community, and various Blind-global communities. You can see which company every person is from - so all these people have "Reddit" next to their names, meaning they validated with their Reddit company email and are current or former employees.
It's a toxic cesspool. I have so many screencaptures of terrible Blind conversations. Wonderful to gawk at when I'm bored.
Yes, that, as well as this weird culture to put your TC (total compensation - cash + stocks) at the end of your post so everyone knows how much money you make and people occasionally dunk on those who don't make enough. There's a large amount of sexism, racism, and transphobia floating around as well - just a byproduct of total anonymity. The only benefit is really the internal company discussions.
Not really a primary point of your post, but you might consider that recent history, and history in general, provide many examples where sexism, racism, and transphobia do not remotely depend on anonymity.
At least in the corporate sphere there is a large overlap between shitty people and those that don't value privacy.
Huh.... because they are all describing a particularly shitty work environment, there is a good bet that there are other employees who feel that way. It might indeed not be the protests that kill Reddit - but Reddit itself that kills Reddit.....
It seems like lots of big companies are going this way. Trying to hit short term profits through massive, risky changes in direction, stocking up on managers and officers while suddenly firing half your workforce, taking massive payouts and crippling long-term potential, trying to hire in new bodies to throw on the pile as cheaply as possible, idolizing idiots like Musk who go around unplugging servers…
The submarine company is also an example of this. Why listen to material scientists or engineers when you can cut corners to save a buck? Submarine experts told the CEO it was just a matter of time before the carbon fiber went pop, and that would be really bad for anyone inside at the time. But they saved so much money!
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