I’d say a significant decrease in valuation just before IPO is some consequence. Not enough to truly impact Spez personally mind you, but it’s something.
I’d say a significant decrease in valuation just before IPO is some consequence. Not enough to truly impact Spez personally mind you, but it’s something.
I’m more satisfied with my experience here personally. I don’t scroll for hours, I read a couple articles, maybe comment on them and move on. If I come across something interesting that isn’t already posted in my community here, I’ll actually post it because it might actually get some engagement.
One reddit, my post would either be removed by overzealous mods or generally ignored. I had one instance where I posted a question on r/askScience. I searched before I posted but couldn’t find a post that asked the same question. A mod removed it saying that it was too similar to other posts. When I asked which post it was similar to, the mod said “You need to search for yourself, we aren’t librarians” then muted me for 10 days so I couldn’t respond. The sheer ego trip of the matter just appalled me. I thought that a community about scientific inquiry would be a bit more open, but nope - just as toxic as every other sub.
Valid theory. Twitter was getting a lot of attention for their work to reduce the spread of misinformation and blatant racism. Both things that the republican party and their supporters seem to be firmly opposed to. It might therfore make sense to delegitimize the platform while giving a megaphone to the people who were previously being censored or fact checked.
I always say “follow the money” which is why I couldn’t figure out Elon’s motives in all this. It doesn’t make sense to buy a company then intentionally tank it’s value. But it might make sense in terms of people in power controlling another media outlet to broadcast and reinforce their narrative.
The real point is doing something that gets attention. Buying beer just to pour it down the drain is dumb. Buying beer to make a video of you pouring it down the drain then posting that video to social media is protest. The difference is all about how many people see/hear you, and how many other people decide to join your cause.
Likewise, continuing to buy the product after all the protest is hypocritical showmanship, but buying a single 12 pack as a prop and never buying that product again for is boycotting. Keep in mind that the type of people who buy a case or two of bud light at a time are often the type of people who buy that much every week. If enough of those people switch brands, it might create a blip on on the company’s radar at the very least.
Now my cynical point of view is that major companies no longer care very much about negative publicity. No matter how many shitty things the company does and no matter how shitty those acts are, people will still buy their product. Boycotting works on smaller companies because you can meaningfully impact their bottom line. That’s rarely the case with massive corporations.
It all started as a stock market manipulation scheme. Now that “Daddy” told him he had to make good on his commitments, he’s throwing a tantrum and saying “well, if I’m forced to buy it, I own it. And if I own it, I can do whatever I want with it. So I guess I will can just do this!” and he proceeds to destroy it. Just another spoiled brat rich kid who doesn’t like being told what to do.
They literally tried to postpone it until after November 2024. The DOJ wanted to start in December this year. Canon seems to have split the difference.
They don’t care about the users who are making a fuss. In fact, they want those users to leave. They want the complacent social media users who can be easily monitized.
It isn’t “arbitrary” though. ActivityPub is just a baseline protocol that supports interoperability. Apps like Lemmy and Kbin build upon that framework, but also implement their own unique features and interfaces.
There’s definitely value to being able to specifically search for Lemmy instances or things coming from Lemmy as much as any other fediverse app. But to your point, that could be handled through a filter on a much larger whatever set of data.
Is this particular individual the unfit mother?
Hey cool, my first opportunity to block a troll on the fediverse!
New barely newsworthy post appears.
Reddit staff: A MILLION BAJILLION UPVOTES!
It’s a lot like Twitter. Twitter was doing alright prior to Musk. Their user base was as strong and plentiful as ever. There have always been shitty users and toxic corners but Twitter did their best to downplay that and highlight the better parts of their platform. They did their best to walk that fine line between moderation and censorship.
But with Musk spending $44bn so that he could meme without consequence and restore accounts of politically powerful people to gain favor, along with him gutting all of the departments that did the moderation, the site has gone from a legitimate place to interact to a well known cesspool of toxicity that users and corporations are starting to shy away from. Turns out that getting rid of moderators might not be such a good idea.
There are still a great many users on Twitter who are actively participating and that won’t change anytime soon. But the ratio of good content to bad has changed and Twitter’s reputation both as a company and as a platform has been tarnished. Twitter isn’t going anywhere, but many people have grown weary of the antics and moved on. And that’s what we’re seeing of reddit right now. The only difference is the simultaneous mass, organized exodus of users from reddit vs the more gradual enshitification of Twitter.
Nice! Glad to see more options popping up!
That would be my suggestion as well. There’s a chance that all reddit users will be part of the class, but there’s also a chance that only users who attempted to delete data or request that data be deleted will be part of the class.
Attempt to edit and/or delete a few of your comments at the very least and prepare for the class action lawsuit. It’ll probably take a couple years, but there’s no way that some law firm isn’t already looking into it and gearing up to start the process. There’s a particular law firm that I follow that has gotten some really good settlements from social media companies such as this one against facebook. I would believe that if anyone decides to take on a data privacy issue against a large social media company, it would be them.
Basically what we already know. Reddit is restoring comments that have been deleted by users possibly in violation of data privacy laws.
Louis goes a little farther by sharing the story of one particular user who tried multiple ways to delete their content including manually deleting every single comment one by one. Then to answer Reddit’s response that user data is “anonomized” by disassociating it with the user account when the user deletes their account, the user points out that at least one of their posts has their full name in it, and by restoring that post against the user’s wishes, they’ve violated California’s data privacy laws.
He then goes into his typical cynical rant which I personally find entertaining but I know he rubs a lot of people the wrong way.
When RIF said they were shutting down, I took the icon off my home screen. Haven’t been back since. Reddit was something I did when I was bored. Kind of like reading a newspaper or magazine. I didn’t need it abs still don’t. And now we have communities forming elsewhere like here on Kbin and on Lemmy that I can join, and can have a better experience while doing it.
Yeah, so long Reddit and thanks for all the fish.
depends on the desires of the majority of the community I would say. If the majority of the community says they want to change the community, then who are we to disagree? I’d vote for the change. Unfortunately for that vote, I haven’t been on Reddit since before the blackout. The only reason I’ll be going back will be to delete some/all of my posts.
Plot twist: The AI can detect pirate speak and uses these posts to write dialogue for a pirate character based on a prompt.
Can’t wait for the pirate bluebeard to speak about where his buried API is.
There are many ways you could have dealt with it, but as far as I can see you’ve dealt with the issue as honorably as you could have
It’s certainly a far cry away from “We will remain profit driven until profits arrive” that a certain someone said in response to a legitimate question over on the other site. A breath of fresh air really.
Businesses valuations and a business’ success overall unfortunately don’t always correlate to what the business seemingly has to offer. In this case, reddit is not going to be sold as a community website, but rather a marketing tool.
It’s as the saying goes - if the service is free, you’re the product. I think there will be a decline in active users and overall engagement, which I suspect might lead to fewer ad impressions. Spez is banking on the fact that eliminating third party apps will make up for that.
So long as there is a critical mass of users - which there will be for the foreseeable future, and so long as Spez only goes half Musk and doesn’t turn the site into an alt-right paradise, I see reddit potentially becoming profitable. Advertisers who have been scared away from Twitter/X might be looking to go somewhere safer and might find that in Reddit once all this controversy blows over.
And it will blow over in terms of relevance to advertisers. The API controversy doesn’t concern the average person. Even a CEO being a petulant child is barely worth mentioning to most.
Reddit users assumed that the site was for them. Spez has made it clear that it is not, that it is for advertisers. As much as I hate to say it, there will be plenty of people jumping on the Reddit IPO from that perspective.