I’m actually impressed with Reddit’s management stupidity of not only shooting itself in the foot with that idiotic API fees thing, but then to actually sawing off the whole foot by sticking to it. I just posted a comment to that effect on an r/AskReddit topic to that effect: https://www.reddit.com/r/AskReddit/comments/1470boa/comment/jo2y3qm
I guess the so-called “management” doesn’t care because it doesn’t see losing users and communities as a problem: as long as they can make some profit in the short run, the long run be damned – and even if they end up losing money in the short run too, the worst that can happen to said “management” is pulling the rip cord on their golden parachutes and going on to some other promising company to eff it up like they’re doing with Reddit, rinse and repeat… “other people’s money” (and interests) and all that… :-(
Thanks again @Zak for prodding us to move to Lemmy with your decision to black out r/flashlight and your awesome blog post – initially I was pissed at the blackout, but now I support you 100%.
I strongly suspect Reddit shareholders want to IPO and cash out with no regard for what happens to the company afterward. That means pumping up metrics like app installs and ad impressions without regard to the long-term impact. They probably underestimated the speed and severity of the backlash.
Best way to punish these creeps is to shove their precious IPO to the curb – hit 'em where it hurts. I for one haven’t logged into Reddit since the SNAFU began, between IRC and BLF and Lemmy (in that order) I have all the fun I need, and Reddit be damned.
I’m actually impressed with Reddit’s management stupidity of not only shooting itself in the foot with that idiotic API fees thing, but then to actually sawing off the whole foot by sticking to it. I just posted a comment to that effect on an r/AskReddit topic to that effect: https://www.reddit.com/r/AskReddit/comments/1470boa/comment/jo2y3qm
I guess the so-called “management” doesn’t care because it doesn’t see losing users and communities as a problem: as long as they can make some profit in the short run, the long run be damned – and even if they end up losing money in the short run too, the worst that can happen to said “management” is pulling the rip cord on their golden parachutes and going on to some other promising company to eff it up like they’re doing with Reddit, rinse and repeat… “other people’s money” (and interests) and all that… :-(
Thanks again @Zak for prodding us to move to Lemmy with your decision to black out r/flashlight and your awesome blog post – initially I was pissed at the blackout, but now I support you 100%.
I strongly suspect Reddit shareholders want to IPO and cash out with no regard for what happens to the company afterward. That means pumping up metrics like app installs and ad impressions without regard to the long-term impact. They probably underestimated the speed and severity of the backlash.
Best way to punish these creeps is to shove their precious IPO to the curb – hit 'em where it hurts. I for one haven’t logged into Reddit since the SNAFU began, between IRC and BLF and Lemmy (in that order) I have all the fun I need, and Reddit be damned.