this post was submitted on 19 Jul 2023
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SNOOcalypse - document, discuss, and promote the downfall of Reddit.

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SNOOcalypse is closing down. If you wish to talk about Reddit, check out !reddit@lemm.ee, !reddit@lemmy.world and !RedditMigration@kbin.social.

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Reddit invites mods to “feedback” conversations with the admins (www.theverge.com)
submitted 1 year ago* (last edited 1 year ago) by lvxferre@lemmy.ml to c/snoocalypse@lemmy.ml
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Two IMO on-point excerpts of the article:

The highest-ranked replies are very critical of the post. “What good is our feedback when reddit seems perfectly happy to ignore all of it?” wrote one user. “What’s the point?” Another pointed out that Huffman called mods “landed gentry.” “Show, don’t tell,” wrote another user — to which the admin replied, “Agreed.”

“A beginning of what?” replied one user. “This solves nothing, and just wastes everybody’s time.”

Reddit's administration is sounding more and more like an abusive SO trying to gaslight you into staying in the relationship. "Baby I'll listen to you, I swear."

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[–] Fantomas@lemmy.world 13 points 1 year ago (2 children)

How does one monetise when the customer is also the content? They're in a pickle here.

[–] MDKAOD@lemmy.ml 16 points 1 year ago* (last edited 1 year ago)

Personally, I don't see it as all that difficult. The platform is an aggregator. They have falsely (naively?) overvalued their product. It's easy to make money by taking care of the community who creates their content, but the key is 'don't be greedy' and they can't help themselves.

The core issue of most US corporations is thst they're chasing impossible long term growth strategies to extract quick money. If they aimed for reasonable growth, people could join the company and plan to retire off their pension. Tech doesn't do that kind of 'old business bullshirt'

[–] ohlaph@lemmy.world 7 points 1 year ago

term

They have a 5 bil valuation. They vould lose 50% value and still be worth a lot. They are trying to trim the fat to make their conversation rates and ratios increase as to pump up their valuation for their IPO, then probably dip.