The time frame up to the IPO (I don’t know how that timing works) seems to be what is critical. Right now Reddit has been unprofitable. The CEO took on massive new levels of expenses via staffing with no real plan (or it didn’t work?) for how to pay for those expenses. This bad faith “negotiation” on API seems aimed at… I guess trading 3rd party utility and to some extent the community for the ability to sell data to AI industry?

I guess we will see but pick a time frame and none of it looks good for Reddit.

It is weird to me to see so many people put forward “Reddit deserves to make money” and endless plans on how to generate revenue from API, apps or whatever etc but just entirely miss that bad faith, is bad faith. There is no negotiation and this CEO will run Reddit into the ground or not but he isn’t listening at all to the community as far as I can tell.

Fact is he is the one that is responsible for massively increasing expenses by nearly tripling the workforce while at the same time having no real plan (any plan?) to make money from that move.

It is sad because you know no matter how this works out he will be fine and I bet a bunch of Reddit staff lose their jobs and the community is left floundering.

Let’s say no to for-profit business driven social media altogether.

Yeah, leadership… I guess?

I have no idea what I am doing, I am going to copy that other person even though it seems obvious they are failing.

It is almost like we can’t trust a for-profit owned social media site to have our interests as their first priority. I don’t know what this CEO is doing but it’s hard to see a bright future for Reddit in any case. Its too bad for the community but it is really too bad for those working there.

I am not sure why people link to twitch instead of the source. https://reddark.untone.uk

If you don’t know Primus, well worth exploring. The studio albums are good and then when you see some live clips and see what they do with it, it’s kind of amazing. Les Claypool is a genius on bass. They had very loyal followers.

https://reddark.untone.uk This doesn’t seem too bad for a hastily arranged reaction to all of this. I know it is frustrating to not have immediate gratification, but demoralizing those who are staying strong is not helpful.

This doesn’t get mentioned enough. They drastically increased their workforce during covid. That is a massive new expense and what exactly do they have to show for it? Has Reddit improved in that time? I don’t see that it has. Now suddenly this bizarre API move. None of it adds up to good leadership to me.

Undecided on Lemmy, but good so far. I deleted my Reddit account and have no plans on returning unless they get rid of the CEO and even then not sure I would.

I agree for the most part and that the front page should be more focused on what the user will gain or be able to do if they join and in language that understand. However, the first sentence is “Follow communities anywhere in the world” not bad at least. It should elaborate on what that means.

Some people of course really do care about FOSS and letting people know that or even just having them see those words/ideas is important IMHO. It could, however, elaborate by saying “social media that is not corporate controlled” or whatever that may make the point about it more clear.