Holy Shit - talk about being out of sync with your userbase and community…
THAT statement might kill the heart of reddit as much as anything else.
Next up: CEO of MSNBC wants to turn the unhoused populations of major cities into dog food and has a lot of respect for Ruppert Murdock’s journalistic integrity.
I personally think you should message them if you think it will make you feel better, but I wouldn’t expect anything to come of it. I assume the mods are aware of the implications of their actions and are choosing to reopen with that impact in mind.
In my opinion, reddit was an interesting experiment 10-15 years ago that grew stagnant and somewhat boring. The people running it have chosen, with intention, to make the site as suitable as possible for their financial goals. I don’t like it, but it’s their right to do so. The issues which have recently boiled over were always present, and I just don’t think you can put the Shit Genie back in the bottle RandyBoBandy.
Reddit will lumber on, it will probably go right behind Facebook and many users will continue to use it. The more creative users will likely flock to platforms like this and create something new that will take a longer period of time to go through a similar cycle.
I may leave my account intact over there. Maybe I’ll occasionally pop over to see if it still works like I do on fark.
I think the fun part of reddit is over.
so, as a rough back-o-the-envelope estimate, what i’m hearing is that apollo, rif, sync, etc would each be charged about $20M, so a total of $60M - $70M they’d make if the 3rd party apps all decided to run with the new API pricing. I don’t know what the AI guys would be charged, but lets say an order of magnitude more - $600M - $700M. All told, these API changes - if everyone paid in, would result in ~$1B in extra revenue.
if 85% of people who use reddit continue to do so, and they convert many of these people into their paid app…maybe they get half of that?
so Spez et al get to add $500M to annual revenues, make the potential investors happy, and all it costs is quality?
they’re 40 years old now instead of 23 or whatever…they want money.
if we assume that Musk made some of his moves to really sell his data / meta-data in ways users might not love, I would assume reddit and spez have been doing the same thing and are getting ready to step that up.
reddit is twitter is facebook is cnn is fox is msnbc. engage as you feel comfortable.