Technology

How do you define "working"?

Right, I think this is what people are misunderstanding. Reddit was never going to change their minds. I was hoping that maybe the API prices were negotiable, or maybe they were going high to start with then going lower later to make them look like the nice guy. But in no way were Reddit just going to say "oopsie, our bad" and go back to how it was.

So why protest, then? Well, exactly what you said: if Spez is going to ruin the site, lets help him do it. Let's create an absolute dumpster fire, let's demonize him in the press, let's spoil the IPO, let's make "fediverse" a household term.

If that is the point of the protest, it's worked with flying colors. Spez is losing his mind, entire mod teams aren't just getting kicked out they're getting out right deleted. More bad press, more people jump ship, fediverse exploding with activity, new Lemmy servers spinning up left and right.

It took Digg about 2 years to shed its users and it'll probably take Reddit longer than that because I think Reddit has become more entrenched than Digg ever was, but I think it'll happen. Twitter is a shell of what it was before Elon, and Reddit will become just as big of a joke. From cultural phenomenon to laughing stock in 2 weeks, because of one guys ego. Same as it ever was.

The IPO is fucked regardless of what reddit does next, they are in a lose lose situation. Anyone who thought they would turn around and change their mind is delusional and doesn’t understand how maniacal CEOs work

In fairness, the IPO was probably knackered already. One of Reddit's main investors, Fidelity Inc. dropped their valuation of Reddit shares by almost half some months ago, and I can't imagine that would do particularly good things to any IPO efforts that Reddit might have been trying to pull. Were I an investor, I'd probably steer away from Reddit if their valuation suddenly plummeted by that much.

Never mind the whole API changes lately, which both puts the users into an uproar, and makes a mess of things that could cause advertisers to pull out, dropping their revenue even further, and the AMA/Interviews with the CEO don't only show the CEO to be a liar, but have him admit that Reddit is unable to make its own first-party app profitable, unlike third-party apps that let users access the site, which smells like mismanagement. I'd have a lot of questions, and none of them are good.

I wouldn't be at all surprised if the recent changes were an effort to try and salvage their stock price, by pushing AI, and bumping up their revenue by making AI companies pay to use the API to integrate their models with Reddit, and/or as a way to pump and dump Reddit, so that they can get out before the money runs dry.

Yeah. I don't intend to go back there, but I still think the garbage fire is important. Mainly because it makes it impossible to be a bystander. Before the blackout, there was a some amount of naysayers. Now, those people don't get as much value out of Reddit, so they will be more inclined to cut their losses and leave the site.

It also achieved bleeding users into other services like Lemmy and kbin, which wouldn't have happen if literal idiots weren't running Reddit.

Well, no, there is a way to turn back. The shareholders can fire spez and replace him with someone community-friendly. A lot of goodwill has been burned, but that would put out the fire pretty quickly, at least.