Replying to @⁨themachinestops@lemmy.dbzer0.com⁩

"What’s behind the move: The user discussion platform company’s latest earnings report did not announce any new artificial intelligence data licensing agreements, disappointing investors who were expecting more revenue opportunities from AI partnerships.

Revenue of $804.9 million beat estimates of $731.8 million. However, US daily active users came in at 53.2 million, just shy of expectations of 54 million. The company’s total daily active users grew by 18% to 130.3 million versus estimates of 130.07 million. "

Lmao. 53.2 vs 54, and the headline says that’s why it’s tumbling? Nah, it’s gotta be just the AI. I bet most of the reddit investors were also invested in AI stock and wanted to use reddit to pump the others. Hilarious. The entire value of Reddit is human UGC.

Replying to @⁨mfed1122@discuss.tchncs.de⁩

1.8 million daily US users is significant…

It’s not the main reason, which is why it was the second one listed. But it’s still substantial.

And the reddit investors wanted AI deals, because that’s about the only way to monetize Reddit.

If an AI company says they’ll pay money for data Reddit has, that would make Reddits stock price go up.

Like, what are you even talking about?

Replying to @⁨givesomefucks@lemmy.world⁩

First off, that’s a difference of 0.8M, not 1.8M. So you’ve got that significance overestimated by more than 100%.

The stock dropped 22%, which a metric missed by 1.48% does not at all explain. I don’t think it’s substantial at all. They essentially hit the target. Meanwhile revenue was $70M more than expected, which would be the main value of users anyways (aside from data selling, but then of course we get into the other factor…) So how does that possibly equate to 22% price drop? It could only be because the AI partnerships were essentially the only concern. Hence why I said the only value was human UGC. Because AI corps aren’t willing to pay for that UGC, Reddits value plummets.

I’m talking about the annoying trend of stock market articles to try to explain things that hardly make sense. It’s trying to make it sound like reddit’s user count is in trouble when it’s clearly not.

Replying to @⁨mfed1122@discuss.tchncs.de⁩

and that 130million users arnt real people either. at least of half of them are propa bots, or bots used by people to drive traffic to thier own “business/marketing” sites, 1 person or an agency can use hundreds if not thousands of accounts at a time, something reddit most targets for bans, and is why they are aggressive with it, and yes they sorta ignore propaganda ones.

Replying to @⁨themachinestops@lemmy.dbzer0.com⁩

CEO Steve Huffman said, “These deals aren’t binary. They have to make sense for Reddit, but there are many ways, I think, for the value to return to Reddit.”

lol - “The value has left Reddit”
-/u/spez

Who could imagine when you piss off:

  1. third party devs who make the apps your best contributers use
  2. your unpaid content creators
  3. your unpaid moderators

…that the “value” would leave 🤣

Replying to @⁨Remember_the_tooth@lemmy.world⁩

Remember when YouTube started having AI narrated posts from r/askreddit in its shorts? And how that slowly morphed into the AI generated slop stories about how one family member give the rest of them their comeuppance because the Henderson account valued results instead of random cheap business practices involving Sgt Menendez and his cheating ex girlfriend?

(This stuff is like candy to Boomers because it mirrors the reader write in sections of Reader’s Digest.)

I should have noticed this earlier, but it dawned on me a few weeks back.

Replying to @⁨TheStaffmaster@lemmy.world⁩

Caught my father in law who’s addicted to youtube watching a video about some WWII pilot that knew how to shoot at enemy fighters from his time hunting hogs in Kansas. It was entirely AI generated, the video, the voice, and the narrative. That person didn’t exist and it didn’t survive scrutiny if you know anything about guns. But damn the comments were just boomers gooning over military wank.

Replying to @⁨mesamunefire@piefed.social⁩

lemmy.worldLemmy.world stickers! - Lemmy.WorldA few days ago I saw some cool JoinLemmy stickers [https://www.etsy.com/listing/1532398821/place-2023sticker-packsmotivational?click_key=202669597a80d6f60b5afb9b21260113b41e3b90%3A1532398821&click_sum=dc8e01d4&ref=shop_home_active_33] created by @cheeseblintzes@lemmy.world [/u/cheeseblintzes@lemmy.world] [https://lemmy.world/u/cheeseblintzes] . I asked her if she could also create lemmy.world stickers, and she did! You can see and order them here [https://www.etsy.com/listing/1535729033/lemmyworld-stickers-motivational], also check the other cool stickers in her shop [https://www.etsy.com/shop/thespookyfarmer]. Thanks for creating them!

Replying to @⁨ccunning@lemmy.world⁩

I actually got an award as being in the top 1% of reddit karma earners for 2022.

In 2023 they banned me because I didn’t buy stock when it was being introduced.

You’d think they’d want me there. Creating content. For free. I’m sure they thought I’d just create a new account. Nope. I just came here.

Weird thing is, I’ve had two main running jokes for years. One is being obsessed with corn. The other is calling George Clooney a smug bastard.

Replying to @⁨themachinestops@lemmy.dbzer0.com⁩

Makes sense, Reddit feels like a shell of it’s former self.

After the apicalypse many subs seems to have died, also the new UI that has been pushed for a decade or so, seems to promote consumption of content and discourage creation of content, further reducing new content.

Reddit has been many, many times by AI companies, why keep scanning if the content stays 98% the same, with most new content being of mostly lower quality, simply due to people posting AI shit.

This was a very predictable outcome.

As soon as Reddit’s history got scanned by AI models, it lost 98% of it’s future value.

Replying to @⁨Krusty@quokk.au⁩

Firefox (including the one on Android) has extension called libredirect which… redirects to those privacy oriented frontends for lurking.

I was heavily addicted to Reddit and I’m glad they allowed me gradually get off of it with the API (never installed their app) and now blocking read only access (which made me use libredirect).

Given that content quality is also degrading I never felt urge to to use the app, now I don’t log in (using the lurking portals makes it more disruptive to leave a comment, I always log in using private tab) and I suspect I eventually will stop using even that (there’s only few subreddits that I am still interested in).

Replying to @⁨ToiletFlushShowerScream@piefed.world⁩

They didn’t need to bail since they did the IPO and could just sell their shares. I haven’t kept an eye on how much insider selling has gone on but I am sure they all have made bank over this past year, it is public info if anyone feels like looking it up. I would expect if the stock prices continues to tank and stays down you will start seeing executives abandon ship for greener pastures.

Replying to @⁨stoy@lemmy.zip⁩

Was always going to happen.

The most valuable data is always going to be on open platforms that prioritize ease of use, because that’s where people will go. But then the company starts looking at all that data and how much it’s worth.

Before they can charge people for it, they have to make sure no one can get it for free. But in doing so chase off the users who were making that content.

Leaving them with a locked down worthless ecosystem.

Nothing is meant to last forever tho, and reddit won’t be the last.

Replying to @⁨Soggy@lemmy.world⁩

I actually walked away when i got big into Minecraft and mostly switched to reddit because the Minecraft community is truly gargantuan over there. Infact, it’s one of Reddit’s main pillars of user engagement and the de facto off game community connection. I rewatched that video and the whole time I was going “Reddit is doing the same thing! Reddit is making the same mistakes! HOLY SHIT HISTORY IS REPEATING!!” When the owners of any social media platform stops listening to their user base, or worse, thinks they know what’s “better” for them, it’s the beginning of the end. It’s like all those Celebrities that start resenting their fans or think they (the fans) OWE them (the celebrity).

Replying to @⁨socsa@piefed.social⁩

Besides apologizing and changing course, spez would need to leave before I considered going back. The way he behaved during the API BS ended my capacity to trust him in any way. Reddit as an organization, maybe they can turn things around and return to their purported values, but spez is not an honest person and will do or say anything if it serves his own interests.

Replying to @⁨KC_Royalz@lemmy.world⁩

Oh I never listened to the podcast, it was mostly a refuge for people who got banned from LateStageCapitalism for whatever garbage reasons. (In my case, it was suggesting that just because North Korea was at odds with the Capitalist West didn’t mean we had to take their propaganda at face value.) So it was a place where non-tankie leftists accumulated. Mostly meme trash and simmering resentment.

Replying to @⁨JensSpahnpasta@feddit.org⁩

The r/AskRedit thread that got me banned permanently was asking how people thought the Trump presidency would end. You could tell by the amount of “Post deleted by user” and “post removed by reddit” that the general consensus was that eventually someone would hit the bullseye and finally ventilate this sack of shit’s skull. I observed that it’s telling that they are so against even discussing threats of violence, that it makes the mods complicit in the crimes of the regime. Fun fact/spoiler alert: The mods did not like getting called out like that.

Replying to @⁨slickgoat@lemmy.world⁩

because the admin are secretly right-wing sycophants or Neoliberals who think every political problem can be solved by “talking out our differences to find a middle ground.”

I’m no tankie, and I do always hope that a peaceful solution can be found, truly I do, but the cold fact is that the most effective cure to actual, demonstrable fascism is BULLETS. Preferably “early and often.

But this is veering into politics so back to discussing reddit

Replying to @⁨KC_Royalz@lemmy.world⁩

they removed the r/nsfwrandom search string, and banned hundreds of the NSFW subreddits due to “lack of moderation.” You can still go to many of them, (that remain) but you have to actively punch the subreddit into your address bar, and then you can only link to other related subreddits through the Subreddits’ own link list (which is only up to date if you’re lucky). Searching for them is still possible but access is a crapshoot due to the aforementioned subreddit bans.

Replying to @⁨Folstar@lemmus.org⁩

They killed off the old ones by timebombing the subs with strict requirements for activity. They started complying with takedowns, which nuked wide swaths of NSFW reddit. The death of gfycat was another sudden and massive removal of content.

The NSFW part of reddit didn’t go away though. It’s transformed into OnlyFan spam. So it’s not really porn. It’s redlight district ads. Hot local girls want to meet you!

Replying to @⁨stoy@lemmy.zip⁩

Makes sense, Reddit feels like a shell of it’s former self.

man, reddit was fucking awesome when it was open source and they actually card about users. Spez has made his billions. He really doesn’t give a fuck about reddit anymore. Just milk it for whatever is left.

It pains me, because I was on reddit since a year after it was founded, and i left when they blocked TPA. It was such a big part of my life for so long. And now it’s just bots and AI. Fuck reddit, and fuck spez

Replying to an earlier post

Presuming they took all the data, a one-time deal would only be good if knowledge gathering actually stopped after the cutoff year- but for recent things like tech and news, the models have to keep learning and adding to their repositories.

The returns on that value sharply diminish, of course, but I think they’re still necessary. Which will leave everybody in a bind that is very funny.

Replying to @⁨themachinestops@lemmy.dbzer0.com⁩

It’s fucking laughable “us daily users metric dissapoints”. What the fuck do they expect when they ban their long time users permanently with no appeal process, make it so you can only view the site through the app censor any revolt and start bringing on nazis.

It’s literally the antithesis of how and why reddit became so popular in the first place.

Replying to @⁨KC_Royalz@lemmy.world⁩

they ban your current accounts, because they participated in posts that got you “banned” in one or more subs, and even if lifted. but apparently they allow for future accs but you have to wait a long time. another post on lemmy said they mad an acct after shadowbans, waiting months to a year using a different browser/fork , this assuming you wernt using hordes of accounts that got ban though.

Replying to @⁨lookitsjustin@lemmy.ca⁩

Most likely they want new accounts with something like a phone number attached.

To my knowledge companies can’t force legacy accounts into providing that.

But they can nuke those accounts for ba reasons, with the expectation most users will make a new account.

Even if it’s not the phone number, it could be something in terms and services about selling data or advertising.

Like, it doesn’t have to be incompetence, loads of companies use incompetence as plausible deniability for something else.

Replying to @⁨toiletobserver@lemmy.world⁩

I don’t browse Reddit since I switched entirely to Lemmy the day the API migration happened, but I did still reluctantly have to reference reddit on occasion. Now I can’t even do that for niche issues I run into. I am so upset that millions of people donated their time and energy into making Reddit the place it was just to have all of that entirely gated off. I know we’re likely all in the same boat, but there really are no words for what spez did. He ruined a really great place for community and knowledge and turned it into a slop fest.

Replying to @⁨MountingSuspicion@reddthat.com⁩

My usecase is this: To see what both they, the people in power want us to see, and to see what users say in reaction to it. I see a lot of luigiposting on the comments, a lot of pro-socialism, a lot of pissed off reactions to bad corpodem takes, and I see way, far less pro-Trump or even middling takes on the front page, at least. I’m sure there are still righty/tankie subs, but it ain’t 2024 anymore.

You guys scarecly change your opinions, most of us are leftists, were when we got here and if we werent, we are now, in some shade at least. Reddit goes in flux a lot and seeing how much bluer their community is than 2024 does make me grin a little.

Replying to @⁨Prox@lemmy.world⁩

It depends on your location and who you are.

A while back, I did an experiment. Reddit started asking me to log in to scroll, so I closed the window and didn’t try again that day. Next day, I tried to scroll reddit and the login to view popup appeared again. So I closed the window and didn’t look at reddit for a week. After a week, I went on reddit and magically it no longer worried about me logging in…for about a month.

Replying to @⁨impairedimperator@lemmy.zip⁩

They do A/B testing where they put one feature in front of some folks and a different feature in front of others so they can gather data about what people will and won’t tolerate. Between that and the massive tracking they do with IP addresses for people going around account bans, and there’s no real way to know if they were targeting you through cookies/IP, or if you just fell into different groups.

I don’t think they put a lot of thought into what’ll that do for some of the subreddits that are for desperate people looking for advice since two people back to back won’t get the same advice. There’s no way to swap notes, no reddit-of-record, and now all that good advice (and some of it was good) is locked away. It warms my cold dead heart to see their stock tank because they don’t deserve the best of their users.

Replying to @⁨historicaldocuments@lemmy.world⁩

Essentially yes, my thinking was simply that it’s A/B/C/D/E/F/G/H…etc testing.

I had reddit accounts in the past, though I deleted them all and stopped participating about 2-3 years ago. My assumption is that my passive scrolling was connected to previous accounts through IP, device ID, proximity to other devices, other accounts, typing cadence, etc., and I fell in the category of “maybe we can entice them back”.

I also agree that reddit likely made the decision to sacrifice a lot of high quality low engagement content for the purposes of mass market engagement farming. It’s sad as shit. I’ve got copies of wikipedia from back in the day, but I never thought to download reddit.

Edit: Uhh, maybe there should be a group doing annual backups of lemmy. It’s a nice place now, but so was reddit.

Replying to @⁨impairedimperator@lemmy.zip⁩

Edit: Uhh, maybe there should be a group doing annual backups of lemmy.

I’m sure there are a bunch of people who are a lot more knowledgeable about it, but it might be as simple firing up your own instances and just federating. By not allowing people to post you’d just be in readonly mode and would get passed all the posts, maybe. With every other kind of archive process like this the images/videos/audio are the long pole. A full 100% backup of “what did everyone see back then” is out of reach; even youtube (or especially youtube) goes back and edits old videos for newer compression or a change in copyright rules.

My only real thought on it right now is an annual back up is waaaaaay too slow. I’d want to see more about what the ActivityPub stream looks like. I’d want to hear from an owner of an instance about how quickly their storage requirements go, and I’m now curious about whether there’s any evidence of anyone else such as Three Letter Agencies already backing it all up.

Replying to @⁨impairedimperator@lemmy.zip⁩

OK, I’m curious first about the data requirements.

If people are posting just to stir up shit then that would be something that would have to be handled at the community level or at the individual level. If we don’t agree with someone’s opinion then just ignore that person. If people are coming around trying to stir up violence that’s a different story. The bar is lower than ever for firing up a lemmy instance if people are into that kind of thing.

Link to the nazi bar story. If anyone has a better place to link to please let me know:

UpworthyBartender explains why he swiftly kicks out Nazis even if they're 'not bothering anyone'Back in 2017, when white supremacist Richard Spencer was socked in the face by someone wearing all black at Trump’s inauguration, it launched an online debate, “Is it OK to punch a Nazi?” The essential nature of the debate was whether it was acceptable for people to act violently towards someone with repugnant reviews, even […]

Replying to @⁨themachinestops@lemmy.dbzer0.com⁩

Is Reddit just bots talking to eachother now? Soon bots will make trades on the prediction market apps and the stock market. Bots will be allowed to own money and become billionaires. Then our human billionaire overlords will be replaced with bot ai billionaire overlords. Then they will remake the Terminator movies, but with the humans as bad guys. John Connor goes back in time to murder a roomba while one of those Chinese falling over robots tries to stop him.

Replying to @⁨themachinestops@lemmy.dbzer0.com⁩

Most people on the internet are lurkers. Most up votes and comments come from maybe 20% of people who actually look at posts. I figured this out within a few weeks of using the Internet. They’re quite literally biting the hand that feeds them. They’re betting you’d rather make a Redddit account than not visit, except that plan no longer holds water in the AI age.

Now AI is probably pushing engagement up artificially. Fewer and fewer real humans will react to posts on the basis that it may not be real, even if they are. So you have a situation where AI interactions increase in proportion to human ones, while also getting more expensive, and pushing out your income stream at the same time.

This kind of boundless stupidity isn’t even really seen, because everyone else is doing as well. People point it out, but we have no real metric for how bad it’s until the stock price starts the slip. Whatever stock of good faith users Reddit once had, are now a dwindling resource, replaced by people trying to game the system.

We cannot stop this in a way that matters. The only way past this shit AI era, is through it.

Replying to @⁨KC_Royalz@lemmy.world⁩

Not who you messaged, but the “advocating violence” thing gets massively abused by conservative mods on r/politics. For example, on January 6, right as it was happening, right as a mob of thugs was storming the capital building trying to steal an election? I wondered out loud why this place was so unguarded. Why aren’t there machine gun nests opening up on the mob? Sorry, but if you try to form a mob to overthrow a democracy, that’s what you deserve. That’s how countries have dealt with such violent uprisings since time immemorial. You try to overthrow a lawfully elected government? Lethal violence is absolutely justified in such a case, and any reasonable person should acknowledge that. Violence is a tool governments unfortunately sometimes have to use. But the site policies do not acknowledge this. Violence is ultimately the core function of the state. See monopoly on violence. Discussing how the government will use one of its core defining functions is perfectly reasonable on a politics sub. Blind “do not advocate violence” policies are idiotic. And it’s not like it ever gets applied to people advocating for the US to bomb other countries. That doesn’t count as “advocating violence.” Oh, and of course the conservative subreddits never get banned even after openly encouraging an armed insurrection against a lawfully elected government.

Later we learned those troops were not stationed at the capital because Trump ordered them away. Didn’t reverse my ban though.

en.wikipedia.orgMonopoly on violence - Wikipedia

Replying to @⁨themachinestops@lemmy.dbzer0.com⁩

Well yeah, everyone trained off the data there already. Reddit (or heck, any social media) is just the same old cyclical shit. The AI deals were not a sustainable long-term model, and I’m surprised no one at Reddit, or these companies selling their users data against their wishes, could see that. Like that was the shortest term cash flow they could’ve gone for, and now their reputation and trust is in shambles.

Replying to @⁨TwinTitans@lemmy.world⁩

Yeah, I think this is a common experience. I quit a couple of years ago when they did the API thing, but the impression I get is that loads of people have been getting banned for similarly ridiculous reasons. Seems kinda self destructive. I left voluntarily, but I’d been there a long time, over ten years, think I had almost a million comment karma. This is also the case for many of the people getting banned - users who’d been there a really long time and who were mostly people who contributed content and comments. Maybe management thought they don’t need the old school users now they have bots, and bots that can slip in product endorsements and try to manipulate political opinion. In fact, a lot of the people who’d been around the longest and contributed most were probably more likely to notice and complain about the huge influx of bots and bullshit.

Still seems self destructive, though, but I guess after the IPO short term gains are more important than community. Their loss is Lemmy’s gain. Like you say, fuck em.

Replying to @⁨Regrettable_incident@lemmy.world⁩

Yes, my longest running account was also banned for using a slur after I used an offensive word directed at homophobic redditors abusing the first openly gay professional footballer in Australia. I was banned, but they were not. It’s a consistent theme on reddit; what matters is how you say things, now what you actually say.

Losing the account was not the problem for me, it was that only certain types of hateful/offensive language were punished. I’d rather have a free for all like exists in some Lemmy communities than a shit in between like that.

Replying to @⁨axus@lemmy.ca⁩

“We’ll have robots! Robots to do the product placement, robots to tell them how to think, robots to tell them which political candidate to vote for. We don’t need these human users - they complain a lot and, believing they’re come to the site to socialise or learn, they frequently disappoint when it comes to those three core strategies.”

“But who will do the shopping, the thinking, and the voting?”

“Why, the robots, of course! They’ve been doing a lot of these things for some years now, and quite successfully too. Which is why my tech portfolio is up and trump is president.”

“Hmm. When you put it like that, I guess we don’t need humans at all.”

“Alas, there are some areas where the tech isn’t quite there yet. Remember Sarah complaining about the state of the ladies bathrooms the other day? ‘An abomination of blood, shit, and hair’ I believe she called it. The robots just aren’t ready for that, we had to call that immigrant fellow from maintenance. Still, give the tech another couple of years and I imagine we can get rid of him, too.”

Replying to @⁨forkDestroyer@infosec.pub⁩

The biggest issue I have is the big “subreddit” gatekeeping. Realistically at this point, every major “subreddit” is purely controlled by the core corporation. There is not decentralization of Reddit at all, and all the “mods” are just working for free pretending like they’re in control because they can do some things. The smartest thing Reddit did is make “mods” feel like they have some control.

Replying to @⁨DrDickHandler@lemmy.world⁩

No dude, it’s not about that. It’s an indication of how active I was, and how engaged I was with the community. It means I was one of their best members, but they chose Musk over many people like me, who built Reddit into the powerhouse it became.

Now they’re suffering, as a direct result of deliberately executing their most enthusiastic members, like me.

Replying to @⁨motruck@lemmy.zip⁩

It’s even less interesting when all of the content is just reposts made by bots and all of the comments are made by bots. All of the original content has already been copied.

It was a bummer to watch it it all happen over time. I remember using reddit in like 2010 and it was great. It stayed great until maybe 2015. Then it slowly started to become too popular. It started to get targeted with fake viral ad campaigns. Those worked, and then from there it was fast downhill.

Oh well… I remember when AOL was cool too. So I guess that’s just she way she goes.

Replying to @⁨grrgyle@slrpnk.net⁩

Which is literally why lemmy is the only possible replacement. It’s the only path for users to choose not an evil corporation. Hypothetically reddit could operate an instance, and we could all give them the finger and block/defederate from them. We have to foster the growth of niche hobby, community, and activity boards though. It can’t all be left leaning politics and meme shit posting. We need to encourage those who share expertise to come contribute. That lemmy is the defacto aggregate forum. It is the only form factor corporate ownership can’t swallow up.

Replying to @⁨1984@lemmy.today⁩

I think at least for the bigger and for the less niche communities moderation needs to be democratic.

The upvote brought democracy to content ranking. It’s possible to bring democracy to moderation.

And this will still leave the option of private despotic moderation available. Both styles of moderation can act as a check on each other. The same community can be reproduced twice, with private and with democratic moderation. Then if the tyrants are out of control you can escape to a democratically managed community. And if the so called “mob” is out of control and the privately moderated space is nicer, you can escape there. The whole system will eventuanly self-regulate to a nice daily hum.

Replying to @⁨themachinestops@lemmy.dbzer0.com⁩

If anything this shows how totally fucked equity markets are.

  • Predicted $732MM revenue, reported $805MM (10% higher than projected)
  • Expected 54MM DAU, got 53.2MM (1.5% lower than projected)
  • Expected daily users growth of 130.07MM, actual growth 130.3MM (0.2% higher than projected)

So they’re making way more money than expected, but they haven’t sold out their users fast enough so dump the stock?

Replying to @⁨kreskin@lemmy.world⁩

Reddit the company or Reddit the platform? Or both?

Personally I still have a lot of love for Reddit as a community, which extends to as a platform. I’m not a big fan of the current corporate leadership, they seem to have enough sense to not piss off users completely but it also seems pretty clear they have a vision to turn Reddit into another mindless scrolling app, and the users (many of which have been with the platform for a decade or more) are useful as free moderation staff and content producers and don’t have major influence on the direction of the platform or company.

Problem is, let’s say Reddit ‘dies’. What exactly does that look like? It’s not like the site would just shut off and go dark and everybody goes home. It is now a publicly traded company worth $30 billion. Spez is accountable to the board of directors who themselves are accountable to the shareholders. And if Reddit fails, none of them are just going to sit there and do nothing while that happens. You might get very very very lucky, the board of directors might replace company leadership with someone interested in preserving what made Reddit great. I’m talking somebody who would bring back /r/all, roll back a lot of the new Reddit style stuff, etc. More likely they would say if spez isn’t making them money they will find someone who will and you’ll get somebody who has no understanding of the community and decides to turn the screws on monetization. Or if the company loses a lot of value it would just be bought up by a private equity firm that would ring every last dollar out of it and run it into the ground in the process.

All I’m saying is, think of wishes like that like a genie in a bottle, you make a wish and there’s a good chance it will backfire.

Replying to @⁨TheHound@lemmy.world⁩

The current system has folks raising cap-ex by selling bits of control in their company, but this is a thread about how that system has failed to both expand capacity and increase the utility of reddit. So. IDK, they could raise money with bonds or grants or something. It doesn’t really matter too much because the current system simply doesn’t work in practice either.

Replying to @⁨IzzyJ@lemmy.world⁩

I’m a big fan of employee owned companies and I think that should be encouraged.

At the same time, there IS a place for investors.

But all 3 factors of production (land, labor, capital) are supposed to have equal seats at the table. In recent years capital owns the table and chairs and decides when land and labor are allowed to speak, which is not what successful capitalism looks like.

Replying to @⁨bilb@lemmy.ml⁩

oh definitely, when I left reddit (ahead of the curve), I made sure to mass edit all my comments and posts and everything I could find one way or another, to leave as much shredded garbage behind as I could. But I still wouldn’t be surprised to find them analyzing the time of such mass edits and preserving a snapshot of content from a user before such an event.

Replying to @⁨yermaw@sh.itjust.works⁩

Yes. Which is why you shouldn’t deactivate your account should you get banned. If you use old reddit and hit all the saved and replied comments you’ve got, you can remove the stuff that’s archived. The most you can remove now is a years worth if you just go back through your comment history. I’m actually digging back through my own vintage mac posts and copying out my best tips and will reupload them here at some point.

Replying to @⁨systemglitch@lemmy.world⁩

Same.

Whenever I brought up freedom of speech, the reddit mods would mock me with “freeze peach.” Many of the mods and admins are overtly hostile to free speech and hate democracy.

Ironic, because democracy is what made reddit great once upon the time. I remember leaving digg to go to reddit precisely because I felt I had more control and more weight there as a commenter. And they took an axe to everything that was once great.

Needless to say I have been banned on reddit since a long time ago.

Replying to @⁨themachinestops@lemmy.dbzer0.com⁩

I did not know what Lemmy was a couple weeks ago. Reddit pushed me out. I don’t want to be logged in or have an account with the way they harvest data. I got tired of weekly rotating ublock origin scripts and using incognito mode. You don’t want me if I’m not a willing data whore? Fine, I’m gone! I am now actively trying to NOT even look at reddit when a random Google search sends me there!

Replying to @⁨DementedSociety@lemmy.world⁩

I tend to still get pulled onto it via search results when the stereotypical specific answer to specific answers are basically from there. But Lemmy has really grown so much since I first found out about it a few years ago (one of the big ditch Reddit waves of course). Still not at the “magical answer to the very issue I need info on” levels as subreddits, but getting closer and closer everyday. Also really cool to get and reply to sources from other Fediverse projects that aren’t Lemmy if you choose to follow them. Just so fun overall.

Replying to @⁨themachinestops@lemmy.dbzer0.com⁩

I just deleted all my comments, first edited them before deletion with power delete suite. It ran for days, but eventually, as far as I can tell, all deleted.

A few of the big subs kept sending me messages, that my comment was removed because I didn’t have email verification. My account is 15 years old I think, email wasn’t a requirement then. Crazy that some subs now enforce this to post.

Replying to @⁨themachinestops@lemmy.dbzer0.com⁩

So many comments in here, I haven’t read them all. I have some conjecture.

First, the AI scrapers already have Reddit’s most valuable content … their “virgin” data from the pre-LLM years. All new content is worth substantially less and much harder to differentiate / filter between bots/AI and real human interaction done without AI.

Second, the search engines that used to help drive users to Reddit mostly all have AI summaries / AI answers right there on the main search page these days. A lot of people read those AI results, get what they want right from Google (or otherwise), and never click any links over to Reddit.

Third, Reddit has expanded into other regions besides the western / us-centric world, such as India. The simplest way to put this is that the content and users from those regions costs Reddit US users and by extension advertising dollars.

Fourth, the corporate team’s decision making is bad enough to be harmful / fatal in and of itself. It’s sheer luck they’ve done as well as they have this long. Corporate is not only the worst enemy of users and communities, they’re also their own worst enemy. It’s so bad that if one of them was a competitor or adversary that had infiltrated the company in a covert operation to destroy it or gum it up, you wouldn’t be able to tell the difference.

Replying to @⁨InvalidName2@lemmy.zip⁩

Second, the search engines that used to help drive users to Reddit mostly all have AI summaries / AI answers right there on the main search page these days. A lot of people read those AI results, get what they want right from Google (or otherwise), and never click any links over to Reddit.

Not just that but iirc a decision by reddit causes certain threads to only be displayed in search results without a post title and a description saying “the website doesn’t allow us to show you content” so why would anyone click on the Reddit links in a sea of other links?

Replying to @⁨InvalidName2@lemmy.zip⁩

Fourth, the corporate team’s decision making is bad enough to be harmful / fatal in and of itself. It’s sheer luck they’ve done as well as they have this long. Corporate is not only the worst enemy of users and communities, they’re also their own worst enemy. It’s so bad that if one of them was a competitor or adversary that had infiltrated the company in a covert operation to destroy it or gum it up, you wouldn’t be able to tell the difference.

Nah, they just had different goals to what you thought they had.

Did they, personally, make fuck-you-money out of reddit?

Yes, they did.