Reddit’s unpopular decision to revise its API pricing in a move that’s forcing third-party apps out of business has taken a weird turn. In an AMA hosted today by Reddit co-founder and CEO Steve Huffman, aka u/spez on the internet forum site, the exec doubled down on accusations against the developer behind the well-liked third-party […]
The basic mistake I see us all make is assume that Spez has any emotional attachment to Reddit (let alone anything close to how attached we are to it). He doesn’t.
Once you realize that he’s 100% in it for the money and is utterly uncaring about Reddit’s users (i.e. you), you’ll realize that he couldn’t give less of a shit about actually addressing our concerns.
This will also make you immune to any PR sanitising lies him and his team spout, as all such lies hinge on your willingness to give him some benefit of the doubt. We shouldn’t.
spez sees 3rd party users as an obstacle between himself and more money. so he will gladly trade the bad pr and loss of certain users if it means that even a small fraction end up switching to the official app and it gains him another 0.1% in wealth for the IPO
he claimed that old.reddit wasn’t going anywhere, but we all know that it will be crippled to the point of unusability
The example I give again, and again, and again is Craig Newmark, founder of Craigslist. Craigslist remains private (which shields it from being gutted by Wall Street vultures, for sure) so we don’t know for sure, but Craig is believed to retain a controlling stake alongside current CEO Jim Buckmaster and eBay (which purchased a large stake from an exiting employee).
Craigslist makes about $600 million annually, and I’m sure provides a nice living for the executives and employees there, but has remained true to its core function of providing transparent and easy classifieds posting to everyone (mostly for free, even!)
Notice what happens when an organization becomes a vehicle for profit, beyond simply “self-sustaining profit.” Notice how taking on investors practically guarantees that outcome.
I thought Reddit was dead the day Conde Nast bought it. They’ve survived quite a bit longer! This day had to come. Let’s move on.
We can build something that primarily exists to create a community.
The basic mistake I see us all make is assume that Spez has any emotional attachment to Reddit (let alone anything close to how attached we are to it). He doesn’t.
Once you realize that he’s 100% in it for the money and is utterly uncaring about Reddit’s users (i.e. you), you’ll realize that he couldn’t give less of a shit about actually addressing our concerns.
This will also make you immune to any PR sanitising lies him and his team spout, as all such lies hinge on your willingness to give him some benefit of the doubt. We shouldn’t.
yeah pretty much
spez sees 3rd party users as an obstacle between himself and more money. so he will gladly trade the bad pr and loss of certain users if it means that even a small fraction end up switching to the official app and it gains him another 0.1% in wealth for the IPO
he claimed that old.reddit wasn’t going anywhere, but we all know that it will be crippled to the point of unusability
The example I give again, and again, and again is Craig Newmark, founder of Craigslist. Craigslist remains private (which shields it from being gutted by Wall Street vultures, for sure) so we don’t know for sure, but Craig is believed to retain a controlling stake alongside current CEO Jim Buckmaster and eBay (which purchased a large stake from an exiting employee).
Craigslist makes about $600 million annually, and I’m sure provides a nice living for the executives and employees there, but has remained true to its core function of providing transparent and easy classifieds posting to everyone (mostly for free, even!)
Notice what happens when an organization becomes a vehicle for profit, beyond simply “self-sustaining profit.” Notice how taking on investors practically guarantees that outcome.
I thought Reddit was dead the day Conde Nast bought it. They’ve survived quite a bit longer! This day had to come. Let’s move on.
We can build something that primarily exists to create a community.