this post was submitted on 07 May 2024
58 points (86.2% liked)

Reddit

17657 readers
89 users here now

News and Discussions about Reddit

Welcome to !reddit. This is a community for all news and discussions about Reddit.

The rules for posting and commenting, besides the rules defined here for lemmy.world, are as follows:

Rules


Rule 1- No brigading.

**You may not encourage brigading any communities or subreddits in any way. **

YSKs are about self-improvement on how to do things.



Rule 2- No illegal or NSFW or gore content.

**No illegal or NSFW or gore content. **



Rule 3- Do not seek mental, medical and professional help here.

Do not seek mental, medical and professional help here. Breaking this rule will not get you or your post removed, but it will put you at risk, and possibly in danger.



Rule 4- No self promotion or upvote-farming of any kind.

That's it.



Rule 5- No baiting or sealioning or promoting an agenda.

Posts and comments which, instead of being of an innocuous nature, are specifically intended (based on reports and in the opinion of our crack moderation team) to bait users into ideological wars on charged political topics will be removed and the authors warned - or banned - depending on severity.



Rule 6- Regarding META posts.

Provided it is about the community itself, you may post non-Reddit posts using the [META] tag on your post title.



Rule 7- You can't harass or disturb other members.

If you vocally harass or discriminate against any individual member, you will be removed.

Likewise, if you are a member, sympathiser or a resemblant of a movement that is known to largely hate, mock, discriminate against, and/or want to take lives of a group of people, and you were provably vocal about your hate, then you will be banned on sight.



Rule 8- All comments should try to stay relevant to their parent content.



Rule 9- Reposts from other platforms are not allowed.

Let everyone have their own content.



:::spoiler Rule 10- Majority of bots aren't allowed to participate here.

founded 1 year ago
MODERATORS
top 37 comments
sorted by: hot top controversial new old
[–] [email protected] 70 points 6 months ago (2 children)
[–] [email protected] 32 points 6 months ago (1 children)

He’s also a pedophile. He was moderator of the jailbait subreddit.

[–] [email protected] 34 points 6 months ago* (last edited 6 months ago) (2 children)

Just in case someone thinks this is a troll or wild accusation, it's literally true. (Edit: Or... I don't know specifically that he's a pedophile, but it would seem a little surprising for anyone who isn't a pedophile to participate in an explicitly pedophilic community let alone agree to publicly moderate it.)

He also -- I hadn't known this -- would edit people's comments on the site that were critical of him.

[–] [email protected] 19 points 6 months ago (1 children)

Two key notes for anyone wanting context

You could add anyone as a mod to a sub you moderated, he was added as a joke

Even more context they did give the guy who ran it and most the other nswf subs a special award before media controversy got them to ban the most problematic subs. So really it's a somewhat unfair statement but he was clearly aware of the sub and did nothing until forced.

The comment editing was clearly a joke because the Trump sub was pinging him in posts insulting him for enforcing moderation policy against them - he set it to change 'fuck @spez' to 'I love spez' or similar.

[–] [email protected] 7 points 6 months ago (1 children)

You could add anyone as a mod to a sub you moderated, he was added as a joke

Even more context they did give the guy who ran it and most the other nswf subs a special award

Fair point. He could be just an absolute bonehead who for whatever reason wasn't able to process that he needed to get the avowed overt pedophilic activity off his server, and didn't see the problem even with them joking around about how he was on their side and giving them an award. There's no particular reason to think that he himself has any inclination that way.

The comment editing was clearly a joke

This is a perfect example of something that's a joke when you're the one with the power, but if you're the one on the receiving end is absolutely not a joke.

I suspect that if someone at Google (or whatever) was editing spez's emails for any reason "as a joke" then he wouldn't be entertained by it in any capacity or think it was okay, however harmless their edits were according to them.

[–] [email protected] 2 points 6 months ago (1 children)

There is a huge difference between subtly changing posts in secret and very obviously doing it to poke fun at people attacking you without any intention of secrecy.

I don't think it was a great thing to do because unserious trolls like the nimble navigators were bound to try and sell it as a big deal and as we see it'll echo for ages by people repeating the most salacious elements without context. I don't think it's anything shocking, moot used to use identical word filter tactics against the very same people and they laughed at it, users found it funny at the time too until they realized it was expedient to be outraged.

I'm here because I dislike Spez and how he runs things, but I think it's important to have good arguments not paper thin mock outrage.

[–] [email protected] 5 points 6 months ago (1 children)

Can I give you a list of substitutions which you will then have to apply to your comments going forward, and go back and edit your past comments to apply? Would you agree to that? For your convenience I can give you a set of links to click to apply the edits.

I promise (for real) that I'll only do it to poke fun.

[–] [email protected] 1 points 6 months ago (1 children)

All I'm saying is there is a difference and that it is deceptive to present it like it's one thing when it's something else because you know that it'll be more effective at convincing people of the thing you want them to think.

Just say what actually happened if you genuinely believe it's exactly as bad.

[–] [email protected] 1 points 6 months ago (1 children)

I did say exactly what happened: He edited posts. And I explicitly addressed what you're saying here: I'm saying it doesn't matter how "harmless" the edits are that you're saying create such a big difference. I'm saying any amount is bad (which isn't the same as saying that any edit is the same as any other edit).

[–] [email protected] 1 points 6 months ago

You left out key information which I now suspect you knew very well would cause people to have a different response and you're using for paper thin excuses to try and justify it.

You know you're being deceptive and you should be ashamed.

[–] [email protected] 4 points 6 months ago (1 children)

I wonder what it would take to run a hostile lemmy instance, just designed to drag people you dislike via putting words in their mouth.

[–] [email protected] 8 points 6 months ago* (last edited 6 months ago) (1 children)

I think ActivityPub requires that a message purported to be from some user needs to be signed with their private key (in practice, the key that their instance keeps track of on their behalf).

I'm not 100% sure of that but I think it's how it works. So you would have to entice the people you dislike into making users on your instance, or else come up with some other way of gaming the system. (And, I think you'd be defederated from everyone almost instantly.)

Fun fact, lemmy.ml actually does automatically edit users' posts to remove certain curse words. Even that seems to me absurdly authoritarian in this weird specific nanny-state type of way (like -- they could make a feature where you can decide to have a set of words censored on the reading side, for posts from any instance -- but no, they deliberately decided to police their user's posts for everyone, and remove the ability for their users to more successfully achieve the supposed goal). It offends me probably more than it should.

[–] [email protected] 2 points 6 months ago

Alright thanks I'll work on it

[–] [email protected] 2 points 6 months ago

He does not see you, hear you, or even know you. To me, he is faceless to this platform.

I made this image for that reason.

[–] [email protected] 40 points 6 months ago

We can sell 80 percent of the screen WITHOUT inducing seizures.

[–] [email protected] 38 points 6 months ago* (last edited 6 months ago) (2 children)

Reddit: Hey we lost $140 million dollars and gained literally millions of bots

Everyone: What? HOORAY! That's nowhere near as bad as we thought

IDK why, but a lot of super-successful tech platforms in their early days were made up of a super capable passionate tech dude and a total sociopath weirdo who for some reason attracted money. Reddit was unusual in that the tech guy died and they were left with only the weirdo.

[–] [email protected] 4 points 6 months ago

That works for a lot of companies. Founding a company and making it successful is insanely hard (experience). Pulling it off alone is near herculean and a lot of folks I met who had partners were coopted by them later. Its as if the drive and the knowledge required for it usually dont exist in one person.

[–] [email protected] 3 points 6 months ago (1 children)

I still don't understand how Reddit manages to lose so much money.

But yeah, that's how stocks evaluation is. It often increases after bad news and decreases after good news, because people thought it was worse/better.

[–] [email protected] 6 points 6 months ago* (last edited 6 months ago) (1 children)

Their hosting costs I'm sure are astronomical; my guess is that honestly that's most of it.

They're also, if my very limited experience with them is any guide, phenomenally incompetent with their advertising in a way that I'm sure kneecaps what should be a goldmine of ad revenue. You know those brain damaged ads like "Megathread: Why you should move all your money to Schwab" or otherwise trying to imitate Reddit terminology in the least convincing way possible? That's because Reddit tells their advertisers to do that. For real, it's worth looking over Reddit's ad materials sometime, because they are pants-on-head mentally disabled in a way that's honestly a little hard to believe if you haven't checked them out for yourself.

[–] [email protected] 2 points 6 months ago (2 children)

A single million of dollars will buy you a fucking lot of hosting and connectivity.

Unless you spend it on a cloud provider, of course. But reddit is older than the modern cloud providers.

[–] [email protected] 5 points 6 months ago* (last edited 6 months ago) (1 children)

What the fuck, I think you're right

I remember someone doing some kind of calculation at some point trying to assess the cost of Reddit's hosting, and it being all the money in the world, but now that they're public we don't have to guess. I looked it up, and you're right.

Reddit's financial statement says on page 7 that in 1Q 2024 it was:

  • Revenue $242m

And on the expense side:

  • Cost of revenue $27m
  • Research and development $437m
  • Sales and marketing $124m
  • General and administrative $243m
  • Total costs and expenses $832m

This is a little bit of a guess, but my first interpretation of that is that hosting goes under "Cost of revenue" and most of "Research and development" and "General and administrative" is salaries. I.e. that they pay spez's friends something concordant with the $139m that they paid spez personally last year.

Yeah. On page 11 it says they paid out $577m in "stock-based compensation". I don't know exactly what that means but it kind of looks like all that whining Spez was doing to the Apollo devs about how Reddit can't turn a profit with them out there charging $3 for their app or whatever, just meant "MORE, MORE FOR ME, I WANT MORE, IT'S NOT ENOUGH IT'S NEVER ENOUGH."

God damn dude, I should start a social media company.

[–] [email protected] 3 points 6 months ago (1 children)

That R&D budget means reddit has thousands of people working on software engineering. That's some 1/10 of the headcount of the likes of Microsoft and Google.

Even the sales and marketing line, although it should be the largest one by a huge margin, I fail to see where reddit is spending it. Have you ever seen a reddit ad?

[–] [email protected] 3 points 6 months ago (1 children)

thousands of people working on software engineering

Doing fucking what?

Have you ever seen a reddit ad?

All the time (possible you don't see them because of ad blockers etc). I just opened the front page and the fourth result was:

"Hey Reddit, there are r/nostupidquestions, so we want to know: What’s your decision making process before entering a trade? Walk us through your method in the comments. (tastylive.com)"

I honestly can't make sense of it and I don't want to know.

[–] [email protected] 1 points 6 months ago (1 children)

All the time

It's always good to have my personal bubble burst, thanks.

So yeah, they should be spending a lot of money on that line. Looks like they are.

[–] [email protected] 2 points 6 months ago

Yeah, $124m for marketing doesn't strike me as instantly unreasonable, if they're managing to bring in $242m in ad revenue from ads that I literally have never once wanted to click on that are so poorly presented that my brain literally filters them out

Research and development and admin, on the other hand, I would have some questions about, if I'd spent money on the stock and was supposed to be receiving a return on my investment

[–] [email protected] 3 points 6 months ago* (last edited 6 months ago) (1 children)

Reddit migrated to cloud providers and it's a major part of how they serve videos. They don't self host or cache and peer that stuff. Their bills are astronomical, like vimoe. It was a dumb move in my opinion and I don't see how they'll ever reach profitability because of it.

https://www.datacenterdynamics.com/en/news/reddit-uses-aws-and-google-cloud-plans-to-spend-at-least-385m-on-cloud-by-september-2026/

$400 million in 2 years on cloud hosting.

[–] [email protected] 1 points 6 months ago (1 children)

And how much content are they hosting? Some months ago, I did a search for reply formatting tips - and got an entry from 14 years ago. Do they really have the whole of Reddit available like that, or have they put Some of it in cold storage?

[–] [email protected] 2 points 6 months ago* (last edited 6 months ago)

Hell if I know, I'm sure most of their R&D budget is focused on figuring out just how to dig themselves out of the cloud pit before it gets deeper. I doubt the storage is the most expensive part of things. It's paying for serving everyone internationally with all the interconnect that's getting them.

[–] [email protected] 31 points 6 months ago (1 children)

"Revenue pop"....so, even worse user experience?

[–] [email protected] 17 points 6 months ago (2 children)

This is exactly why I finally left the platform entirely. Lemmy for me now

[–] [email protected] 7 points 6 months ago

Lemmy for life!

Sorry, I am excitable. I do like it here, though.

[–] [email protected] 3 points 6 months ago

Welcome here! Let us know if you have any question

[–] [email protected] 28 points 6 months ago

Reddit also reported a 37% increase in daily active users. I think we all know who those are.

[–] [email protected] 11 points 6 months ago (1 children)

Snoo better watch Spez closely; he’s likely to be fucked next.

[–] [email protected] 21 points 6 months ago (1 children)

No, don't worry Snoo is 18 now. Far too old for Spez, former moderator of r/jailbait

[–] [email protected] 3 points 6 months ago
[–] [email protected] 9 points 6 months ago

Ride the gravy train right into town, run the site into the dirt. I'm happy over here.