Reddit's CEO really wants you to know that he doesn't care about your feedback
Reddit's CEO really wants you to know that he doesn't care about your feedback
Reddit CEO Steve Huffman is continuing his damage control tour, this time via a new interview with The Verge. Despite...
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But yeah keep going back to their site and watch their ads, that'll show them for sure.
I use old.reddit on computer with ublock origin, I don't even know Reddit has ads, been visiting for 10+ years, never saw single ad, same on mobile where I use Boost + Adaway or Kiwi browser + uBlock origin, I will see how the 3rd party situation works out
I mean, I did too. But you can see why Reddit is grouchy about that. I mean, I have written a lot of content and posted it to Reddit, and maybe that has value that they can monetize. Or maybe there's some value that they can get from data-mining my activity on the server side. But they haven't been making money off my eyeballs directly, or data-mining information available on the client side, and I imagine that that's frustrating when they go crunch the numbers on their costs and revenue.
Probably, but if you monetize "my data" (by tracking everything I do + the content I put on your site) you won't get any ad revenue from me (I used old.reddit + ublock origin too).
If you don't and you give me a service that's valuable to me then I'm willing to pay (I pay for protonmail for example).
Or, you could do what I do - use [https://old.reddit.com](Old Reddit) with an ad blocker. That hurts them on two levels -
- They have to pay for you to use the site and,
- Their ads are blocked.
You want to swap the order of the text and the link there in Markdown. This:
[https://old.reddit.com](Old Reddit)Yields this:
[https://old.reddit.com](Old Reddit)
Whereas this:
[Old Reddit](https://old.reddit.com])Yields this:
Spez is already talking about monetizing users account histories. Just blocking the ads isn't going to stop them.
I mean, I get that Reddit isn't making money. And that during the growth phase of a dot-com, it's okay to burn money in the name of growing the userbase, but that he has to transition to making money at some point. Investors gave him money, hundreds of millions, if I recall correctly, in the expectation that he can generate a return. He's getting near the point where he has to do that. And the return they're going to expect is going to be in the neighborhood of what other dot-coms can generate from their investment.
Like, the people yelling at him for being "greedy" in that he's aiming to make Reddit generate a return at all aren't realistic. That is something that always was going to have to happen, from the day that Reddit started. If you look at the issues that the moderators are taking up with him, they're trying to come up with a way that Reddit makes money and their concerns are also met.
The problem is that some of the moves he's making to try to make a return have really negative impacts, and a number of people want something that has less of a negative impact.
If the Fediverse can support similar functionality based purely on cash donations, or based on some other model (e.g. Usenet runs on software developed by the community, but generally one has to pay a commercial Usenet provider for service to cover the costs), or a "users donate resources" like BitTorrent and provide a better experience, then that's great. But the Fediverse is also going to have to figure out how to handle the costs of hardware and software development and all that, if it wants to be a competitive alternative. There are some hard questions that may come up down the line for the Fediverse too. The long term for something the scale of Reddit cannot be Earnest paying all of the money out of his personal pocketbook to Cloudflare to handle ramping up kbin's capacity or something like that from the main Lemmy instance operators.
Right now, I haven't seen any ads on the Fediverse, and I haven't yet donated money to Earnest (though he apparently does have a "buy me a coffee" tip jar and people have sent him small gifts). Which means that right now, I'm relying on the gift of resources from Earnest and some Lemmy instance operators to me. Maybe they can afford that for a small number of users. But end of the day, if many more users show up, they are going to have to find someone else to help bear the costs on an ongoing basis.
Any capable ceo worth their salt had to be thinking about this BEFORE their first round of funding, not 10 yrs later when they are “about to ipo”. Part of acquiring large amounts of funding is working thru these problems and having a concrete monetization plan. This isn’t something new and every single startup on this planet contends with resourcing and money. This problem isn’t unique to reddit and is a solved problem by other social media companies.
If it’s serving ads and selling user profiles, be transparent about it. Mandate 3rd party apps to serve ads meanwhile reduce the need of a staff to try and come up with a god awful app that can’t load a video. Pour said money into infra-scaling instead.
Use differential privacy policies, obfuscate private data and inform + ensure users that the data being sold is to generate revenue so that the site can stay in the green and go public AND that their privacy is first and foremost. You can literally invent GDPR like privacy controls and STILL monetize user profile while keeping users happy.
If I can solve this in 10 mins, Huffman doesn’t get a pass for being an idiot. Sorry, don’t mean to sound ranty and aggressive but any sort of justification for reddit is really defending malice on his part and I feel like this needs to be said, particularly to an audience that are (rightfully so) perhaps giving him the benefit of the doubt when they don’t know any better.
Hope this helps paint a better picture of why I keep calling this guy an idiot. :-)
it also hurts them on a spiritual level since they want to kill off old reddit.