Losing third-party tools "could harm our moderators’ ability to review content..."
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Reddit failing to support third-party apps could hurt business, IPO filing says
- Thread starter JournalBot
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WhiskersWithClaws
Ars Scholae Palatinae
Reddit admits more moderator UNPAID WORKER protests could hurt its business
Felt the need to correct the title for accuracy and embellishment.
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I really wish for Reddit to do better, but I think it needs a complete change of management which possibly won't happen. Reddit provides so much valuable information to the internet hence I often find myself adding "Reddit" to my searches to drastically improve the quality of answers. We see other trends like Discords rising and it basically creating a parallel internet, since everything from Discord stays on Discord, which is something I don't want to see growing.
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Reddit's moderation was pretty well decimated after last year's API pricing changes, the resultant 'protests,' and the purge of longtime mods failing to toe the company line. I had given up reddit, for the most part. My usual hobbyist subs are dominated by obvious shill accounts and bots, and full of blatant disinformation.
On the day of their SEC registration for proposed IPO, I responded to a post in my regional sub about a news story; police had raided a gang, seized drugs and cash - the usual. I wrote something to the effect of, "Law enforcement always exaggerates the value of their drug seizures, sometimes wildly so. Why do news media always just repeat these absurd valuations?"
I calculated the value using typical wholesale pricing. The reported "$10 million" haul was actually worth less than $2 million.
For some reason, many comments followed, and a couple of hundred karma points, and then my account was permabanned (or suspended) for a month, or for three days. I'm not even sure because I received conflicting automated notifications; "This content was flagged by Reddit's automated systems. This decision was made without the assistance of automation."
"After reviewing, we found that you broke Rule 7 because you shared content that solicits or facilitates a prohibited transaction involving drugs or controlled substances. Soliciting transactions or gifts of illegal or prohibited goods and services is not allowed."
Meanwhile, they have entire subreddits dedicated to subspecialty drug use and acquisition. Two acquaintances also received sudden account suspensions over the weekend for seemingly innocuous posts. Maybe it's part of a big push to
spiff things up for the big IPO - or not. So random, so in incompetent.
When I can be bothered to try logging on again, it will only be to overwrite and delete - as I should have done months ago.
On the day of their SEC registration for proposed IPO, I responded to a post in my regional sub about a news story; police had raided a gang, seized drugs and cash - the usual. I wrote something to the effect of, "Law enforcement always exaggerates the value of their drug seizures, sometimes wildly so. Why do news media always just repeat these absurd valuations?"
I calculated the value using typical wholesale pricing. The reported "$10 million" haul was actually worth less than $2 million.
For some reason, many comments followed, and a couple of hundred karma points, and then my account was permabanned (or suspended) for a month, or for three days. I'm not even sure because I received conflicting automated notifications; "This content was flagged by Reddit's automated systems. This decision was made without the assistance of automation."
"After reviewing, we found that you broke Rule 7 because you shared content that solicits or facilitates a prohibited transaction involving drugs or controlled substances. Soliciting transactions or gifts of illegal or prohibited goods and services is not allowed."
Meanwhile, they have entire subreddits dedicated to subspecialty drug use and acquisition. Two acquaintances also received sudden account suspensions over the weekend for seemingly innocuous posts. Maybe it's part of a big push to
spiff things up for the big IPO - or not. So random, so in incompetent.
When I can be bothered to try logging on again, it will only be to overwrite and delete - as I should have done months ago.
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The thing is, it kind of isn’t a drain on a companies finances. The majority of that package is in company shares. If think Spez was only paid around 300k that year. Paying a C-suite exec in shares doesn’t actually take money out of the bank.I think this really puts the argument in its proper perspective.
I don't really care about a cap on CEO compensation, but it says something when a company is not profitable, and here they are trying to scrounge for loose change under couch cushions (terminating support for third party reddit clients because they were supposedly costing them a minuscule amount of ad revenue), when the real drain on finances was CEO pay. Heck, the recent AI training deal with Google doesn't even cover a third of the pay of 1 person!
Hence why I think there should be some kind of ratio on their whole package, and not just salary.
Thats also why there have been so many redundancies recently. It pumps the stock, makes the CEO a shit load richer because they have been given a ton of company stock, and keeps their board director friends happy too. CEOs are incentivized to layoff large swaths of their workforce. Welcome to capitalism.
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"Losing" third party tools? They just trashed all things 3rd party, on purpose.
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It's a shame that this completely unavoidable thing happened ot them. There was no way they could have seen it coming or prevented it.
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