this post was submitted on 21 Jun 2023
263 points (100.0% liked)
Technology
37716 readers
758 users here now
A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.
Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Right now it looks like it's a decisive victory for spez, contrary to the article's title.
Of course, the long-term consequences aren't clear yet, the moderator exodus might result in the whole platform becoming too low-quality to sustain the user interaction, leading to people moving away from it.
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.