Remember, the reason I ditched Reddit wasn’t the ads per se, it was the constant data selling, and the official app just getting worse and worse with unwanted “features” pushed on everyone. They kept getting greedier and greedier so when they disabled 3rd party apps I ditched Reddit.
I mainly lurked on the art and fanfic forums, and considered getting an account when I had the time/had created something worth sharing on there. But when I learned about the disabling of apps to improve accessibility…I started looking for alternatives.
Plus, I don’t like the idea of the karma system on there. Supposedly, it reduces the number of trolls and low effort posts, but I’ve seen it cause people to post ragebait to karma farm on subreddits that reward you with upvotes for making up outrageous stories. I’ve also seen “debate” subreddits where people downvote people who make good points, but disagree with. Then those people leave, not wanting to be punished on other subreddits that require a high amount of karma to post, leading to “debate” subreddits that are laughably one-sided.
I actively participated in Reddit before the killing of the Third Party Apps, because I really liked the content and the platform was a superb experience on a third party app.
Well yeah, I’m probably not the only daily active user who stopped visiting all together… after 10+ years of daily active use. They brought this on themselves.
Came from using it daily to only going there only when google forces me to use it
Many of such cases I assume
Me too. It was the constant popups making me download their app that did it for me.
Nothing to celebrate.
Reddit revenue is still up, just not as much as they had hoped.
That’s still enough to tank an IPO.
Yep, in the face of the infinite growth monster, anything other than exceeding expectations is seen as a failure
“We see here you’re up 5%, but you were up 5% last year too, so you’re dead now.”
-Capitalism
I still remember a line from a boss I had in one of my very first “real” jobs. “I expect you to exceed my expectations.”
I didn’t bother pointing out the problem there. I also didn’t stay working for her for very long. :)
I’d rather not even see that cunts face
Nothing says you care to advertisers like single handedly blowing up your website by cutting off 25% or more of its userbase.
They feel like they get shorted because many of those users don’t contribute to ad revenue from 3rd party apps but instead of improving their app to lure users in they instead tell those users to fuck off.
A user is a user, even if they don’t contribute directly to ad revenue they contribute content to make the site more alluring for those who will contribute to ad revenue. As well they help spread the word about reddit to those who don’t use it regularly yet by sharing that content outside of reddit.
They were pretty short sighted by doing what they did.
It’s just many power users and mods were power users and mods thanks to tools in these apps, and Reddit still didn’t provide anything comparable. Many small communities I still care about have a lot less posts if they don’t have bots. It’s not like Fediverse won Reddit, but something changed in them. NSFW OC subs are still good, but idk if they make the image spez wants from that platfom. The only thing we def should do is to stay online and be welcome for stray redditors to join.
Some app dev mentioned they wanted to work with them to introduce ads that Reddit would have made profit from in the free version of the app and it’s Reddit that said “Nah it’s ok”…
Fuck Spez.
As someone has had their accounts shadow banned across of wide swaths of reddit, despite being one of its first users… good fucking riddance.
Your fault for having an opinion slightly deviating from one of the mods :/
Fuck man, I’ve had this happen to me multiple times:
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I make a relatively long and detailed comment.
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Someone replies with a vehement argument against a /misreading/ of many of the things I said in my comment.
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I point out that the replier is misunderstanding or misreading my original comment
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My original comment /is then edited not by myself/ to make it seem like the replier was correct the whole time, and then the same or other repliers dogpile on the thread claiming I am insane.
It is truly unfortunate that so many reddit mods seemingly have no problem using alt accounts and abusing their powers exist governing very interesting niche subject matter communities that you will just never realistically find a group of like minded people in the real, not online.
People used to think the internet could be used to the mass benefit of humanity by sharing information and having lively discussions about it.
It is now clear that the vast majority of people basically just use it to consume mediocre entertainment content and basically have one kind or another of popularity contest.
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In honor of Spez’ stupidity.
Cool, what does this mean, intelligently?
2024 is literally a year of leaving Reddit for Lemmy.
i sure hope so, it’s time for the next great migration!
Removed by mod
Bruh, are you putting a licence on every single comment? Lol.
What do you hope that will accomplish?
Btw, don’t you actually have to say in the comment that the comment is licenced using “CC BY-NC-SA 4.0”? Just linking to it seems like it’s not enough.
Falling short of growth targets doesn’t mean they made a negative. Hitting 4% growth instead of 5% is still pretty good for example.
If you like this comment I made, feel free to tip me with PayPal.
I have sent the money.
Consider it my bribe.
It’s in the article. They were aiming for 1B, grew 800m.
oh no! anyways…
Purely as an investor: if they can sustain that revenue growth the IPO will be a smash.
Never invest in companies you love or you won’t exit when you should.
A previous employer gave shares to anyone that stayed 5 years after their IPO. I bought some more through their employee discounted buying program. The share price is less than half what they opened with.
I loathe the company and the people who run it because they are psychopaths that will not take no for an answer. That’s also why I never plan on selling those shares. They will be successful, and in 30 years when they are ruthless industry leading monopolistic psychopaths, and those shares have split a few times, I’m going to have a nice little nest egg.
