You got that confused, reddit providing the platform does not qualify them as 'doing a favour' because it is the quality of the content that determines if reddit is a failure or not and that the moment reddit is succeeding because the majority of content in reddit is good. Replace that good content with bad content and people start to move away from reddit. Content is what makes reddit what it is, not the platform that hosts the content.
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Reddit CEO: Apollo-Related Subreddit Blackouts 'Will Pass,' No Significant Revenue Impact So Far
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so you are saying the user can have a forum like reddit on their own because content come from them right? Why don't they do that then? Start their own servers. Run their own business. Doesn't work now, does it?
I'm sure the macro environment has nothing to do with it. Stonks only go up. Let's ignore the fact that Snapchat is worth 1/4 the value since April 2022, you know, around the time Elon made the offer to buy Twitter.
And I'm sure that the only way into buying a big publicly owned tech company is to only offer market value. You absolutely should not offer a premium to sway the board and shareholders into voting yes, right?
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Tesla owners are still volunteering to help deliver Teslas in end-of-quarter rushes. Poor Musk wouldn’t make enough money otherwise.
I don't think anyone has an issue with 3rd party app developers charging for their app when Reddit let them use their APIs for free, the issue is that those devs are now complaining when Reddit decided to start charging for the APIs.
Bam! Couple that with the guy who quotes copyright law in content owners owning their content; they should just legally take back that content and take it to another equally popular site, or create their own.
Not much different than posting a controversial post on MacRumors forums to drive user engagement for more ad money.
Why doesn't it work? That is how it works, someone has an idea, they build a server, they put their own content on the server to begin with so there is some content to start with and then release to the world. Business people have been doing it this way for years. The only difference now is instead of building their own servers and putting them in the basement, the garage or their bedroom, they can now rent server space from the likes of Amazon or Google.
I bet you that is how Twitter started. People had an idea, they coded that idea, found server space to host that idea, made a number of their own twitter posts then told the world, here you go, here is a new communication platform. Basically users with an idea hosting their own content to begin with.
When you inherit a bad pricing, there is rarely a good way of digging out of that. Anything that turns free to commercial, or significantly increases prices for a group of paying customers will get a loud resistance. Surely CEO will face a lot of crap due to holding their stance, but that is what they are paid for.
Reddit has an amazing source of AI training data on their hands: In-depth real-time debate and Q&A on what happens in the world right now is IMO more valuable than short-form opinions Twitter in filled with. Stackoverflow and Quota are sitting on similar but probably smaller gold-mines. Continuing to hand the data out for free undervalues a key asset their shareholders should see ROI from.
With the above two contexts, the shareholders may give CEO more leeway than they would without it.
I am quite certain that the storm blows over in few weeks and 99% of the users and communities are back. If not, Reddit always has the option of taking over the communities (making them public again) and leaving admin seats up for grabs. That would raise another hailstorm, but would be better than losing those communities.
It could come-out tmrw that certain constituents of Tide laundry detergent had been identified to cause active, and pervasive, teratogenetic effects . . . dedicated users of Tide would overwhelmingly continue to use their favoured laundry detergent
Because the pricing is totally unreasonable. It’s like your landlord deciding to increase your rent tenfold overnight. They aren’t saying outright that they want you to move out, but it’s clear they have no intention of letting you stay on.
Ultimately, I feel this is all one giant misdirect. Reddit was never profitable because it never had a viable, sustainable business model to begin with. Third party app users account for only a small portion of Reddit’s total user base, so we can’t be costing them that much in ad revenue.
This is reddit trying to clean up their account books and appear to be more profitable than they really are in the hopes of attracting a more successful IPO, and third party devs are nothing more than a convenient scapegoat. They are getting desperate because their cheap funding is fast drying up and their founders are probably thinking of cashing out.
Their IPO deserves to fail, and I hope it fails.
There is always the ******** who will try something on and in the land of the free where temper tantrums and bad social behaviour is now seen as an enshrined right for the self indulgent, its not bad advise to give his staff.
This comment reeks of ignorance.
No developer has a problem with paying for the APIs. Seriously. But they were initially told it would be reasonable. And then the bomb dropped and surprise surprise, it wasn't reasonable. It was more costly than what Imgur charges for API access (which would be a good comparison).
And then they were only given 30 days to lower their API usage, otherwise they would have to pay up (contrary to the grace period that was initially discussed and given the trajectory of Reddit's response, a grace period is definitely not on the table). That's also not reasonable.
Your statement is simply not true. It's complete ******** pulled out of Spez's ass.
Everyones definition of reasonable is going to be different. One person can have a reasonable meal for $200 and one for $20.
Actually, all the hoopla has caused me to try out Reddit. I’ve heard of it but never really messed with it. Now I want to see what it’s about and what I’m missing.
Wouldn’t this be similar to Facebook group moderators working for free? Technically, I think you’re right, though this could be something in a future lawsuit where people are actively helping to maintain a site, but not getting paid for their labor.
Then do it lol but Reddit knows they have the monopoly sorry buddy
i Would love to know what percentage of the market share would constitute a monopoly and what % of the forum market share do you think Reddit has.
And the reasonableness depends on certain factors - income and taste in your case. What factors did Reddit use to come up with their $12k number that will force third party apps to close. What factors did Reddit use to determine that 30 days was sufficient for developers to either cough up or do something with their app to reduce API calls?
Nothing. This was a clear move to shut down third party apps for no reason at all.
From Christian (Apollo's Dev; Source)