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> I just can't understand why they feel the need to keep publicly stating things that are either outright untrue or at least misleading I can only think of one

by Aaargh20318 3y ago

> I just can't understand why they feel the need to keep publicly stating things that are either outright untrue or at least misleading I can only think of one reason: they’re panicking. > It's reddit's ball, they can take it and go home any time they want. While this is true, Reddit knows they are dependent on their users for their survival. That’s why they are panicking.

cute_boi 3y ago
isn't everything depended upon their users for their survival?
- harrisi 3y ago
  Not to the extent that Reddit is, at least not in the same way. Other companies can exist and even thrive regardless of what users want by being necessary or legally mandated. Oil companies' users aren't their customers. Equifax doesn't care about how users feel. ADP, Geico, SAP, utilities, banks, etc. aren't the best companies for users, and many of their users dislike them, but it's generally not a threat to their profitability. This is a somewhat cynical view, admittedly, but overall, many successful companies don't need to please "users" in the same way Reddit does. They obviously make some amount from advertisers, but they need users for advertisers to advertise too.
- Aaargh20318 3y ago
  Most companies provide a service or product to their users, and their users pay for that. The company creates the value for which their users/customers pay. With Reddit the majority of the value to users is not created by Reddit but by the users themselves. The only real value that Reddit provides is a platform, and it's a platform that would be fairly easy to replicate (from a technical point of view it's just a large scale CRUD app, nothing special, it's a solved problem). The only real reason that users stick with Reddit is the network effect, but that is the biggest risk to their platform as well. If they manage to alienate enough of the most active part of their user base into moving to another platform, the same network effect with ensure the rest of them follows, taking all of the value that Reddit provides to their visitors with them, and as a result all of the value all those visitors provide to paying advertisers. This is not as unlikely as you'd think, because only a small percentage of visitors to Reddit actively contribute.
  - slashtab 3y ago
    [dead]
kushan2020 3y ago
You are quite wrong to think they are panicking. I can assure you they planned and anticipated for a backlash of this proportion. And also came to the conclusion this will be worth it.
- jtriangle 3y ago
  That affords reddit inc. with quite a bit more competency than they deserve. They have made a habit of fumbling and bumbling their way through things like this, and I don't think this is an exceptional circumstance.

cute_boi 3y ago

isn't everything depended upon their users for their survival?

harrisi 3y ago
Not to the extent that Reddit is, at least not in the same way. Other companies can exist and even thrive regardless of what users want by being necessary or legally mandated. Oil companies' users aren't their customers. Equifax doesn't care about how users feel. ADP, Geico, SAP, utilities, banks, etc. aren't the best companies for users, and many of their users dislike them, but it's generally not a threat to their profitability. This is a somewhat cynical view, admittedly, but overall, many successful companies don't need to please "users" in the same way Reddit does. They obviously make some amount from advertisers, but they need users for advertisers to advertise too.
Aaargh20318 3y ago
Most companies provide a service or product to their users, and their users pay for that. The company creates the value for which their users/customers pay. With Reddit the majority of the value to users is not created by Reddit but by the users themselves. The only real value that Reddit provides is a platform, and it's a platform that would be fairly easy to replicate (from a technical point of view it's just a large scale CRUD app, nothing special, it's a solved problem). The only real reason that users stick with Reddit is the network effect, but that is the biggest risk to their platform as well. If they manage to alienate enough of the most active part of their user base into moving to another platform, the same network effect with ensure the rest of them follows, taking all of the value that Reddit provides to their visitors with them, and as a result all of the value all those visitors provide to paying advertisers. This is not as unlikely as you'd think, because only a small percentage of visitors to Reddit actively contribute.
- slashtab 3y ago
  [dead]

kushan2020 3y ago

You are quite wrong to think they are panicking. I can assure you they planned and anticipated for a backlash of this proportion. And also came to the conclusion this will be worth it.

jtriangle 3y ago
That affords reddit inc. with quite a bit more competency than they deserve. They have made a habit of fumbling and bumbling their way through things like this, and I don't think this is an exceptional circumstance.