440
submitted 1 year ago* (last edited 1 year ago) by lvxferre@lemmy.ml to c/snoocalypse@lemmy.ml

Two IMO on-point excerpts of the article:

The highest-ranked replies are very critical of the post. “What good is our feedback when reddit seems perfectly happy to ignore all of it?” wrote one user. “What’s the point?” Another pointed out that Huffman called mods “landed gentry.” “Show, don’t tell,” wrote another user — to which the admin replied, “Agreed.”

“A beginning of what?” replied one user. “This solves nothing, and just wastes everybody’s time.”

Reddit's administration is sounding more and more like an abusive SO trying to gaslight you into staying in the relationship. "Baby I'll listen to you, I swear."

you are viewing a single comment's thread
view the rest of the comments
[-] 1chemistdown@kbin.social 9 points 1 year ago

Further in the article

This new figure is is also a reported 45.4% slide since Reddit secured Series F funding in August 2021, when an asset manager acquired the platform’s shares for $28.2 million.

That asset manager was also from Fidelity, who are the investors who keep writing off Reddit value.

[-] 1chemistdown@kbin.social 3 points 1 year ago

Yes, we will not see affects from that until their next reporting quarter. But they haven’t just devalued by 7% overall. It’s quarterly reporting. Stay tuned to q3 to see if they think Reddit really screwed up.

Yes, and? That doesn't change the fact the article talks about numbers that came from before any of the protests happened.

Fidelity's devaluation (along with the increased overall desperation in SV venture capital) is a cause of the API changes and heavy handed suppression of the protests, not a result of them. It's an attempt to halt/reverse that slide by asserting control and taking concrete measures to better extract value from Reddit.

this post was submitted on 19 Jul 2023
440 points (98.2% liked)

SNOOcalypse - document, discuss, and promote the downfall of Reddit.

3 readers
1 users here now

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When sharing links, please also share an archived version of the target of your link.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:

  1. Follow lemmy.ml's global rules and code of conduct.
  2. Keep it on-topic.
  3. Don't promote illegal stuff here.
  4. Don't be stupid, noisy, obnoxious or obtuse (S.N.O.O.)
  5. Have fun, and enjoy the popcorn! 🍿

founded 1 year ago
MODERATORS