Technology

I found this to be really confusing. On the one hand, they're losing so much revenue from 3rd party app users. On the other hand, 0.0001% of redditors use 3rd party apps. You can't have it both ways, spez.

The crazy part is Reddit had a profit sharing agreement with RIF... and was actually making revenue off it for a while. Then Spez shut it down with little or no negotiation in 2016.

@sickmatter @L4s @dethb0y

Musk didn't buy Twitter to make money, Musk bought twitter along with him Saudi Arabian investors, to buy the conversation, and kill it, and in that he is reaping all the benefit he was looking for, as well as access to the Saudi market

Yup, I was a mod of GME, a sub with 300k people and was going to stop using Reddit when Apollo turned off. Thankfully Lemmy actually seems like a legit replacement and there are some decent apps available in Test Flight currently.

Spez will destroy his own company long before IPO, can’t wait to buy long dated puts when they IPO.

Just mods in it for power, mostly. A partial list is here: https://www.quippd.com/writing/2023/06/15/unofficial-subreddit-migration-list-lemmy-kbin-etc.html#scab-subreddits

I seen some people theorize that some of those power mods got paid (or is it payed? Idk which one the reddit bot used to say lol) by Reddit, specifically i saw some ppl say that about awkwardtheturtle, but am not sure if its true or just a conspiracy theory, or ppl tryna make sense of someone caping so hard for a company and antagonizing regular ppl for free lol.

Omg this is perfect thank you

For the community by the community!

They literally don't care about their users

Shoulda deleted the subreddit altogether.

Aren't we all?

Yeah, don't understand that. Elon's a guy that overpaid for Twitter: a site that swings between mostly unprofitable and sometimes slightly profitable and then saddles it with a huge loan with interest payments so large that it basically guarantees that it's already dead because there's no mathematical way for it to make enough profit to continue.

Unless the Saudis and other dictators aligned with them decide that it's worth giving Musk a break in order to turn Twitter into a propoganda machine / spy site to catch activists and dissenters, Twitter's already dead. It just hasn't finished bleeding out yet.

How can Spez look at that and think, "Oh hey, I want THAT for Reddit."

It's gonna be a surprise tag-team of musk&huff vs zuck&bezos.

Lemmy also has a more technical onboarding process. Took me a bit of research to get here anyways!

He sees big big dollar signs somewhere in this.

He should probably take his pills. He's given superior competing platforms a chance, and he'll come to regret this.

Yep and it's a great idea. People are just starting to collect their karma and this is a great way to do it.