this post was submitted on 08 Jun 2023
610 points (100.0% liked)

Technology

1928 readers
7 users here now

Rumors, happenings, and innovations in the technology sphere. If it's technological news, it probably belongs here.

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
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
610
a megathread for developments on Reddit and with third-party Reddit apps (beehaw.org)
submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]
457 comments fedilink hide all child comments
 

just so this doesn't overwhelm our front page too much, i think now's a good time to start consolidating discussions. existing threads will be kept up, but unless a big update comes let's try to keep what's happening in this thread instead of across 10.

developments to this point:

The Verge is on it as usual, also--here's their latest coverage (h/t @[email protected]):

other media coverage:

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 54 points 1 year ago* (last edited 1 year ago) (4 children)

There was a response on the AMA where u/spez said "Reddit would always be profit driven and currently does not make a profit. Unlike TP apps"

You can no longer see this on the Reddit app, it is obscured in someway. Perhaps because of the potential impact for the IPO?

[–] [email protected] 34 points 1 year ago (1 children)

He is essentially saying, "we are unable to make a profit, so our plan is to use someone else's profit to make money."

What I think he's going for is sympathy points, but he did not read that back lol

[–] [email protected] 9 points 1 year ago

I think at point it’s the sole goal of Reddit to pump their ad revenue numbers until the IPO.

[–] [email protected] 20 points 1 year ago (1 children)

I would not be surprised if a lawyer jumped in and said that revealing even profitability vs not is something they should do through official channels.

[–] [email protected] 25 points 1 year ago (2 children)

He just admitted, just as they're trying to IPO, that they're still not profitable. If these third party apps that make up a fraction of their users -- their most engaged, active users, by the way -- are the difference between profit and loss, they need a better model.

[–] [email protected] 22 points 1 year ago* (last edited 1 year ago) (1 children)

If it is true than he literally shot himself in the foot.

Just like you said if it is true that the "1-3%" of the users that use 3rd party apps (by spez his word) can actually provide a profit for the 3rd party apps and the 90+% that uses official reddit channels still cannot... then they have a very big problem.

I wouldn't even be surprised though. His whole demeanor reeks of jealousy and contempt.

The fact that a 3rd party app was actually featured on the Apple event multiple times and name dropped multiple times as "the" way to use reddit, has to absolutely sting as hell.

Edit; experiencing some lag ;)

[–] [email protected] 4 points 1 year ago

deleted by /u/spez

[–] [email protected] 19 points 1 year ago* (last edited 1 year ago) (1 children)

Hilarious I can still see it on Apollo. I did notice while refreshing on spez’s comments that on that particular comment his name changed from red (normal admin color) to black, and then a few minutes later red again. I don’t know what it means, but it smells.

I also noticed the time posted got fuckity on that comment. I’m looking at comments sorted newest on top but the time of that comment is out of order

[–] [email protected] 2 points 1 year ago

The AMA doesn't even show up on spez's profile. Lmfao.