440
Reddit invites mods to “feedback” conversations with the admins
(www.theverge.com)
SNOOcalypse is closing down. If you wish to talk about Reddit, check out !reddit@lemm.ee, !reddit@lemmy.world and !RedditMigration@kbin.social.
This community welcomes anyone who wants to see Reddit gone. Nuke the Snoo!
When sharing links, please also share an archived version of the target of your link.
Rules:
Perhaps I wasn't clear - they care, but think he's doing what's necessary to drive value for investors by eliminating places where revenue or potential is being lost - 3d party apps that don't show Reddit ads/collect user data and the new found value of posts and messages as training data for LLMs.
You're replaceable to them, and frankly the fact that you care makes you less valuable than a random person who'll just click on memes and post answers to questions. The communities that they can effective extract value from are more trouble than they're worth. You and your ilk are the problem, not spez.
And they think he’s doing it so well that the company is less valuable. Got it
First of all, most of the devaluation happened before any of this went down. Second, stopping the chaos on the platform plays well with investors.
A) Spez was still CEO then, and it’s not like the API chaos is the only chaos that happened on Reddit recently.
B) It got marked down further in late June
I don’t really understand how you got to your position, but it isn’t fact based.
From the very article you linked:
The numbers are from May of this year, not since June.
Read your sources.