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You’re asking why do CEOs speak out? Do q&as? Fireside chats? Of course they all speak corporate speak Most of the top questions were childish and useless, ask
by shmatt 3y ago
You’re asking why do CEOs speak out? Do q&as? Fireside chats? Of course they all speak corporate speak
Most of the top questions were childish and useless, asking to get rid of the ads, go back to the original spirit of Reddit. Comparing the pressure and decision making process of a CEO who raised 1.3 BILLION dollars to some basement dweller who’s shutting down their app out of spite (pretty sure they could sell the app for $5M today no questions asked)
After so many rounds of raising, I’m being generous if I guess that spez owns 5% of Reddit stock. Reddit is being run right now by the biggest investment firms in SV. Rigjtfully looking for ROI. It would literally make them more money to shut down Reddit than to do what everyone in the AMA is asking them to do
In terms of accessibility, I understand they have a roadmap. I don’t understand how they don’t have 400 ADA lawsuits on court right now. Every corporation I worked for had been flooded by copy paste ADA lawsuits, and an app or 3rd party apps aren’t enough, the website has to be fully accessible
- ddingus 3y agoToo many sales. Too many dollars handed out today for expected value in the future. The trouble is people showed up for what Reddit was. Let us call that the Aaron Reddit. That Reddit was sustainable and could be expressed as by users for users. That vision picked up a ton of users who love threaded, frank, unfettered discussion. It was never going to make millions, but it would have endured for a very long time. All that changed upon each sale. And this last one is brutal, leaving current owners holding the bag. These changes to crank out big returns are toxic to a very high percentage of users. And they are where the content comes from too. Someone else is going to reproduce the original Reddit vision and when they do, this one will dry up just like Digg did.
- toomuchtodo 3y agoGentle parallels to Ready Player One. Edit: “Oasis” sounds like a fine name for a non profit alternative to what Reddit coalesced.
- ddingus 3y agoIndeed!
- josefx 3y ago> Rigjtfully looking for ROI. Really? "Rightfully"?? I guess someone owes me money, because I did a few investments where the ROI was $0, some of them intentionally bad (family > money).
- shmatt 3y agoBut in the startup world it’s make profit, sell, or shut down Do people really prefer Reddit shut down or be owned by Meta, just because of an app made by a single dev, that someone could buy and keep alive, or 10 companies could recreate tomorrow? Reddit isn’t going to be turned into a foundation
- josefx 3y ago> But in the startup world it’s make profit, sell, or shut down In the startup world 90% of companies are shut down because their ideas are not viable. If reddit still isn't viable after 18 years it might be time to pull the plug and move back to something sustainable. > or be owned by Meta I voted for kodos > or 10 companies Would that be the total number of companies that could pay the money reddit wants for API access?
- Eisenstein 3y ago> Would that be the total number of companies that could pay the money reddit wants for API access? That isn't the issue. Even those who applied for access willing to pay have been ignored -- it was never about paying for access, it is about shutting down apps they don't control.
- lotsoweiners 3y agoI’m fine with Reddit being shut down. Been a user over 10 years with 200 k-ish karma. Tried using the official app for years, switched to Apollo, and haven’t looked back. I’ll probably Shreddit my account and find other uses of my time.