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What like le reddit blackout?
by asdff 2mo ago
What like le reddit blackout?
- inigyou 2mo ago"le reddit blackout" was the beginning of the end for reddit, so idk what you're trying to imply here.
- frollogaston 2mo agoI think the implication is that the blackout did nothing, and Reddit didn't care. Like this message that really says "I will buy the PS5 anyway."
- inigyou 2mo agoReddit indeed didn't care. Reddit also slowly collapsed starting from that point in time. It's latest investor information said it's not getting much Google traffic any more.
- zache6 2mo agoThat may also have to do with the rise in AI usage
- frollogaston 2mo agoGemini is trained on Reddit data and seems to heavily weight it, so yeah
- jbstack 2mo agoReally? In August 2021 Reddit had a funding valuation at ~$10bn. It announced the API changes in April 2023. The blackout started in June 2023. It launched its IPO at $34 per share in March 2024. It's now trading at $160, with a market cap of ~$30.7bn. In other words, it's tripled in value over a 5 year period during which the blackout happened. That's a phenomenal rate of growth.
- inigyou 2mo agoWhy would we measure growth in dollars?
- jbstack 2mo agoThis thread is about taking action to send messages to corporations, and whether said messages make any difference. We would measure growth in dollars, because that's what shareholders (and therefore corporations) care about. If you "send a message" because you aren't happy about some direction the corporation took, and a few years later the shareholders are 3x richer than they were before, do you think they're paying attention to your message? All your message does is tell them that not only were they right, they were so right that even a large scale boycott didn't make a dent in the bottom line. You and I might not like it, but that's the reality.