this post was submitted on 14 Jun 2023
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So two-day revenue change is his preferred metric? If I were a Reddit investor, I wouldn't want this guy as a CEO...
Two days ago they were, as of his words "not profiting", and suddenly a blackout doesn't affect them? What a clown.
His unethical behavior is why I'd want him out as an investor. His decisions are directly harming Reddit's reputation and damaging the IPO when it happens. The point is to increase value, not damage it. He must really think that the revenue syphoned by third party apps is worth all this.
At this point, with the way he has behaved and things he said, I am convinced that this was just an effort to shut Reddit down. There have been a lot of dissenting voices on there, just like on Twitter, and they cannot control this content as easily. So they send in Musk and this other clown to run these companies to the ground and make everyone flee, then they can claim the only people that are left on these platforms are the extreme crazies. Then the general public will no longer take things said on these platforms seriously. We have been watching this systematic effort to silence free voices everywhere, this is just another example. I would not be surprised if they take this time to permanently shut down sub-reddits that doesn't agree the main narrative we are being given.
If you listen to Behind the Bastards, they have a fantastic episode on I think Sam Zell buying and making small town newspapers terrible, right before the 2008 election. The hypothesis is that Elon Musk is doing the same thing, and I find it hard not to include prepperdipshit spez in that sort of ilk.
Please check out behindthebastards@lemmy.blahaj.zone if you are a listener.
Can you elaborate a little more? If I were an investor in reddit, my primary concern would be whether the blackout was actually impacting revenue. If the revenue is flat, then the blackout is just noise and things will return to normal soon.
Impact on revenue could take months, if not years, to materialize. Most redditors will probably stick around for the time being, but if content posters / moderators leave the ship, the site will eventually die.
If I were him, I'd be looking at account deletions (especially from mods), number of new posts/comments, etc.
Those are a great points, especially about the mods- they are a key piece of the future-of-reddit puzzle. Thank you!
Exactly. Ain't no way you can get an accurate view from 2 day. Though I don't think he really cares as long as it doesn't affect the IPO.
I think he means that long term effects are the real concern, not the effects of two day revenue