this post was submitted on 23 Feb 2024
969 points (97.4% liked)

Technology

59708 readers
1871 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
969
Remember when Spez said it was "It's time we grow up and behave like an adult company"? Apparently, that means paying himself $193 million and single-handedly tanking Reddit's profitability right b... (www.npr.org)
submitted 9 months ago by [email protected] to c/[email protected]
122 comments fedilink hide all child comments
 

Remember when Spez said it was "It's time we grow up and behave like an adult company"? Apparently, that means paying himself $193 million and single-handedly tanking Reddit's profitability right b...::undefined

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 1 points 9 months ago (1 children)

These are sites premised on free labour but the end user pays nothing to enjoy the site.

As much value is created by those volunteers, the operating/dev costs are very real and can't just be hand waved away.

[–] [email protected] 1 points 9 months ago* (last edited 9 months ago) (1 children)

And you're claiming that people can't expect to use it for free, because they need to pay those costs, which is nonsense. If they have enough to pay a CEO $300k in cash each year in addition to stock options, they are making plenty to cover their operating costs. Thus there's no reason users, who are already brining value to the platform, should pay more in addition to the value they bring. Asking for people to contribute for free and then pay to access what they've built is a crazy business strategy that's bound to fail.

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

I think you're misunderstanding my point.

You can still use reddit for free, that won't change. That is because to reddit you are cattle, the product, what is being sold.

And as long as you are a product, reddit is going to extract as much value from you as they can. It's why their valuation is in the billions, you are lucrative cattle. And qs someone who has wrangled that cattle, spez is taking his cut.