Reddit may win here. They were smart enough to say that mod tools are exempted. That is a major point of practical contention between the mods and the CEO.
Down is up.re-read: "doing well"
You know full well, and so did Elon, that it was overvalued. He bought not to succeed financially, he bought it to correct a major wrong in the world. He succeeded for the most part.Twitter is now worth $15B, 1/3 of the $44B that Elon paid for it in 2022, according to Fidelity.
That doesn't sound like "doing well" to me...
Misinformation being reported as misinformation isn't a wrong in the world.You know full well, and so did Elon, that it was overvalued. He bought not to succeed financially, he bought it to correct a major wrong in the world. He succeeded for the most part.
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.
This seems very wordy. Is there a TL;DR?Well, I've had an interesting and illuminating morning -- and it's still early yet -- and I suppose I have the Apollo haters in this thread to thank for it. Confused? Yeah, me too.
I've been reading this thread off and on, and noted with some confusion that a contingent of posters with a chip on their shoulder towards Apollo and its creator (and by extension, towards all of the boycotting subs) had begun complaining about how Selig is a millionaire, and he just needs to pay up to Reddit for enriching him, etc., etc. That didn't quite mesh with my notion of how a two-man app shop is likely to operate, but yesterday when I looked up obvious searches like, "Is Christian Selig a millionaire?" naturally I got nothing particularly helpful. But this morning while I was in the shower, I had a couple of random thoughts: What does he actually charge for Apollo? And how many users does he have?
Needless to say, I immediately grabbed my phone (yes, while I was still showering -- don't judge me) and started googling. Turns out, Apollo has about 900K daily users, and Selig has been charging about $10 a year for the "premium" subscription model -- but there's also a "free" mode, which complicates the equation a bit. So, I tried a very generic google search for "What percentage of app users make in-app purchases?" Turns out, it's around 5% on average. While I was toweling off, I did some quick math in my head (which I just now verified with a spreadsheet) and came up with this: If we assume that 5% of Selig's daily users were dedicated long-term paying customers, that comes to roughly $450K per year. Not a bad payday! Of course, this is still extremely optimistic, as it doesn't account for Apple's cut, and it assumes that he had that many users every year that the app was in operation -- which isn't at all likely... but let's leave it at that number for now.
Another few clicks, and we can determine that the Apollo app has existed since October 2017. That's just less than six years, or to be more precise... about (math, math...) 68 months. So, if by some miracle, Apollo was an instant hit with 900K users from day one, that means that Selig's total potential gross income (before taxes, expenses, Apple fees, etc) over those nearly six years was (more math...) $2.55 million. So sure... I can see (sorta) how some people might have formed the impression that he's now a millionaire, thanks to Apollo. (Damn. I need to go write me an app!) As I alluded previously, reality being the stern mistress that it is, I'm sure that his actual finances (gross and otherwise) are well below that figure -- but once again, let's just move on.
As we all now know, Reddit is unapologetically demanding fees which would amount to $20 million per year for Apollo's current usage levels. Huh. Those numbers don't really mesh up at all, do they? It's almost as if Reddit doesn't give a crap about third-party clients and is actually trying to target an entirely different data consumer, with that figure... (Ahem -- ChatGPT) and Apollo is just another casualty in Reddit's ongoing efforts to finally become profitable.
In addition to all of that research, (which honestly didn't take much effort) I topped off my morning by (what else?) browsing a little bit on Reddit. I actually hadn't been back on at all since the boycott was declared, but I figured I'd take a peek and see how things are turning out at this point. I finished getting dressed and then scrolled through my feed from the official app -- and saw the same seven or eight posts over and over. I thought to myself, that's really weird... clearly some residual impact from the boycott.
Then while I was eating some oatmeal and putting together my lunchbox, I actually downloaded Apollo. I had never downloaded it before... I frankly didn't even know it existed until this entire fiasco; I've only ever used the website and the official app. Turns out, Apollo has a well-earned reputation: it's a really well done app. Even before I logged into my account, it was already presenting the Reddit stream in a more useful fashion. I mean, it's not a huge difference... but it's those noticable little things.
Then I logged in to look at my feed... and discovered that the repeating seven or eight posts is apparently a unique issue to the official app, because I saw quite a bit more content in my feed, in Apollo. I don't know exactly what's going on there. But I also noted that some of the account stuff that I usually have to go to old.reddit.com to see are right there in Apollo, seamlessly integrated. Fancy that.
I also attempted to check out some of the "premium" features, but it seems Selig has disabled access to those, which makes sense given that he's shutting the whole thing down at the end of the month.
So I'm both impressed... and disappointed that I'm only realizing this difference now.
And that was my morning. How is your morning going?
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.
I highly doubt Apollo has 45,000 premium users (5% of 900,000 daily users) paying the $10 a year but only the developer can tell us the true amount.Well, I've had an interesting and illuminating morning -- and it's still early yet -- and I suppose I have the Apollo haters in this thread to thank for it. Confused? Yeah, me too.
I've been reading this thread off and on, and noted with some confusion that a contingent of posters with a chip on their shoulder towards Apollo and its creator (and by extension, towards all of the boycotting subs) had begun complaining about how Selig is a millionaire, and he just needs to pay up to Reddit for enriching him, etc., etc. That didn't quite mesh with my notion of how a two-man app shop is likely to operate, but yesterday when I looked up obvious searches like, "Is Christian Selig a millionaire?" naturally I got nothing particularly helpful. But this morning while I was in the shower, I had a couple of random thoughts: What does he actually charge for Apollo? And how many users does he have?
Needless to say, I immediately grabbed my phone (yes, while I was still showering -- don't judge me) and started googling. Turns out, Apollo has about 900K daily users, and Selig has been charging about $10 a year for the "premium" subscription model -- but there's also a "free" mode, which complicates the equation a bit. So, I tried a very generic google search for "What percentage of app users make in-app purchases?" Turns out, it's around 5% on average. While I was toweling off, I did some quick math in my head (which I just now verified with a spreadsheet) and came up with this: If we assume that 5% of Selig's daily users were dedicated long-term paying customers, that comes to roughly $450K per year. Not a bad payday! Of course, this is still extremely optimistic, as it doesn't account for Apple's cut, and it assumes that he had that many users every year that the app was in operation -- which isn't at all likely... but let's leave it at that number for now.
Another few clicks, and we can determine that the Apollo app has existed since October 2017. That's just less than six years, or to be more precise... about (math, math...) 68 months. So, if by some miracle, Apollo was an instant hit with 900K users from day one, that means that Selig's total potential gross income (before taxes, expenses, Apple fees, etc) over those nearly six years was (more math...) $2.55 million. So sure... I can see (sorta) how some people might have formed the impression that he's now a millionaire, thanks to Apollo. (Damn. I need to go write me an app!) As I alluded previously, reality being the stern mistress that it is, I'm sure that his actual finances (gross and otherwise) are well below that figure -- but once again, let's just move on.
As we all now know, Reddit is unapologetically demanding fees which would amount to $20 million per year for Apollo's current usage levels. Huh. Those numbers don't really mesh up at all, do they? It's almost as if Reddit doesn't give a crap about third-party clients and is actually trying to target an entirely different data consumer, with that figure... (Ahem -- ChatGPT) and Apollo is just another casualty in Reddit's ongoing efforts to finally become profitable.
In addition to all of that research, (which honestly didn't take much effort) I topped off my morning by (what else?) browsing a little bit on Reddit. I actually hadn't been back on at all since the boycott was declared, but I figured I'd take a peek and see how things are turning out at this point. I finished getting dressed and then scrolled through my feed from the official app -- and saw the same seven or eight posts over and over. I thought to myself, that's really weird... clearly some residual impact from the boycott.
Then while I was eating some oatmeal and putting together my lunchbox, I actually downloaded Apollo. I had never downloaded it before... I frankly didn't even know it existed until this entire fiasco; I've only ever used the website and the official app. Turns out, Apollo has a well-earned reputation: it's a really well done app. Even before I logged into my account, it was already presenting the Reddit stream in a more useful fashion. I mean, it's not a huge difference... but it's those noticable little things.
Then I logged in to look at my feed... and discovered that the repeating seven or eight posts is apparently a unique issue to the official app, because I saw quite a bit more content in my feed, in Apollo. I don't know exactly what's going on there. But I also noted that some of the account stuff that I usually have to go to old.reddit.com to see are right there in Apollo, seamlessly integrated. Fancy that.
I also attempted to check out some of the "premium" features, but it seems Selig has disabled access to those, which makes sense given that he's shutting the whole thing down at the end of the month.
So I'm both impressed... and disappointed that I'm only realizing this difference now.
And that was my morning. How is your morning going?
I don't mean for this to sound disrespectful, but so what? Reddit is a private business and they can crank up their prices however they see fit to become profitable.
No, there is not -- but you are under no obligation to read it.This seems very wordy. Is there a TL;DR?
I concur -- thus, the many qualifiers in my commentary.I highly doubt Apollo has 45,000 premium users (5% of 900,000 daily users) paying the $10 a year but only the developer can tell us the true amount.
And people are well within their rights to be unhappy, and this is their way of voicing their unhappiness and frustration. And if a certain IPO fails to take off, I am not shedding a tear.
And here we are.![]()
I'm giving them until the 30th to change their minds. Once Apollo is officially dead, I'm deleting both of my accounts and never looking back. I did the same for Twitter when Musk killed off Tweetbot.Hopefully, everyone is deleting the Reddit app from their devices. Boycott Reddit!
Nothing, but no mods and it will go to **** in a hurry. People will just start spamming those subreddits to kill off any interest in going on there at all.What's stopping Reddit from banning the insurgent mods and reopening those subreddits?
On the surface, this sounds like you're suggesting that people will spam the subs specifically to kill off Reddit. I'm sure that's not what you really meant... but just to clarify:... People will just start spamming those subreddits to kill off any interest in going on there at all.
A word to the wise is sufficient. How many words do you need?did you have an argument?
Don't forget to delete all your comments first! This will prevent them from making money off the content you providedIf Reddit refuses to reverse course and Apollo has to shut down, I will delete my reddit account. One account wont matter much to them, but I know I'm not the only one.
Just do it now. Why wait?I'm giving them until the 30th to change their minds. Once Apollo is officially dead, I'm deleting both of my accounts and never looking back. I did the same for Twitter when Musk killed off Tweetbot.
Reddit has made no money so far. But you know who has? ApolloDon't forget to delete all your comments first! This will prevent them from making money off the content you provided
I agree mostly, but the person who posted does still own their content.I always love this comment too, seems to be pretty common amongst people supporting this blackout. As if the users own the comments that they chose to post on Reddit. Reddit created the platform and allowed you to post. You posted because they allowed you to, and because other people would see it. Otherwise you could have posted on your own blog which you do own. The moment you post that content to Reddit, it isn't yours anymore. Reddit giving you the ability to infinitely edit/delete said content is a courtesy and user friendly feature, not an implication toward ownership.
Actually you are wrong, anyone who writes something that is original owns that work, it cannot be taken away from them. Others do not own it but they can use it. There a couple of copyright lawyers who have youtube channels that give good advice on what people own and do not own.