this post was submitted on 11 Jun 2023
1485 points (100.0% liked)
Technology
37747 readers
222 users here now
A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.
Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Wow, I am surprised they would go this far if I'm honest. Are they actively trying to piss off literally everyone?
They are relying on technology illiterate investors not understanding what the issues are.
But even those guys will ask for user numbers, and if those are not steadily growing, Reddit's net worth suffers massively. Potential for steady growth and montarization are the only metrics investors care about.
Reddit can easily manipulate user numbers in a way that would absolutely mislead tech-illiterate investors
Look at how many companies such as Twitter and Tumblr have only had a one or two years where they were generating a profit. For every educated investor there's 10 more willing to put money into "the next big thing". Elon Musk has shown that's trying to sell user data at high costs to AI devs.
Sure, but imagine telling your technically illiterate investors that you blocked a bunch of active users as an "experiment". I can't imagine that going over well lol
I got this. "Hey investors, if we do this we'll maximize our profits in the long run and minimize our losses in the short run."