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Any change today?
(kbin.social)
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this post was submitted on 01 Jul 2023
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Reddit Migration
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2 users here now
### About Community Tracking and helping #redditmigration to Kbin and the Fediverse. Say hello to the decentralized and open future. To see latest reeddit blackout info, see here: https://reddark.untone.uk/
founded 1 year ago
If you're waiting for spez to admit how wrong he was and blah blah, don't. All he cares about is his payday when the site goes public. He'll never admit his decision was wrong because he'll get booted as CEO
I don't expect anything positive to come out of Reddit after the direction they chose to go. Spez has proven who he is and what's important to him and that won't change. I was just curious as to what effect no 3rd party apps was having on the user experience, since they kept saying it's only 10% and that they didn't care and wouldn't be noticed.
Their valuation went from 15bil to 5bil and I fully expect it will be halved again before they, if ever, actually IPO. Reddit already wasn't worth what Spez thought it was and this whole situation is just showing investors it's worth even less if the user base can revolt in the way that it has.
I disagree with this a little bit. Reddit as a whole had huge value from its content by the users, otherwise it wouldn't be found at the top of Google searches, used for AI training, and have investors and advertisers interested in the traffic. It had a lot of crap too over time, and the bot and other infiltration didn't help things. Was it worth 15b, I don't know, but the simple act of blacking out even a few major subs certainly did make some ripples for having small value.
That is why when Apollo stopped working, I logged in one last time to grab all my “content”, edit everything to say “this content has been deleted by the user in protest for Reddit’s API price changes.” Then deleted everything and left.
Just one user but it was content I created so I get to bring it with me.
Any way, Hi everyone and thank you for this cool place!