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Reddit risks losing its identity in pursuit of profits (www.techzine.eu)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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Reddit isn't profitable, despite having more than 50 million daily active users. In preparation for an IPO, CEO Steve Huffman put the platform's API

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[-] Dark_Arc@lemmy.world 166 points 1 year ago

The funny thing is... for me it wasn't even the API changes, it was how Steve reacted to the community feedback. If you need to make your app profitable that's fine by me, but don't ignore your customers so bluntly. They could've easily worked politely with devs to find an agreeable API price, find alternative funding streams for those devs, etc. They did none of that, instead Steve acted like a jerk.

[-] SlowNoPoPo@lemm.ee 20 points 1 year ago

100%, I was mad about the api changes but realistically I would have stayed

But seeing the interviews he gave was just too much. Especially when he was talking about monetizing people who say things on Reddit they wouldn't say to their therapist. Like, that group specifically you want to milk? Fuck spez

[-] Dark_Arc@lemmy.world 14 points 1 year ago

But seeing the interviews he gave was just too much. Especially when he was talking about monetizing people who say things on Reddit they wouldn’t say to their therapist. Like, that group specifically you want to milk?

Wow, I actually hadn't heard that 🤯 It seems believable based on his other behavior though. It's honestly a shame, Reddit is a cool forum, but it's kind of like a nice restaurant where you know the owners are just awful people... And that really just ruins the experience of being there.

[-] SlowNoPoPo@lemm.ee 4 points 1 year ago

https://www.nytimes.com/2023/04/18/technology/reddit-ai-openai-google.html

Paywalled but he talks about the value of the data on Reddit for ai training, basically that he wants to get the money from people saying stuff they'd only say in therapy otherwise

Dude is a creep

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this post was submitted on 07 Jul 2023

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