If spez wasn’t fired on the spot for abusing his power to manually edit posts critical of him, why would you expect them to sack him over something that actually has a legitimate business angle?
It seems apparent Spez is burdened by a serious lack of ethics, and I think that burden is now compromising Reddit as well much more than before. As far as I know, going to IPO with a crook at the helm usually only works if they haven't been caught multiple times first.
Edit: Really, what an especially awful thing to do to a developer whose full-time job your policy change has just shut down - tell the world they're an extortionist liar from your comfy office.
Reddit makes money off of ads, and Apollo doesn’t show ads. The same was the case for Twitter and Tweetbot. In some ways, Christian is directly capturing revenue that Reddit otherwise would.
I would agree that the proposed API pricing is not a workable starting point, but I do think Apollo (and, by proxy, its users) will eventually have to pay Reddit something.
I cannot understand how anyone in his team with a sturdy ethical compass could look him in the eye after seeing that post, especially if they were party to the original conversation. I can't remember the last time I saw a corporate leader get caught in such a high profile absolute falsehood, especially directed at a single individual.
If this reflects the company's culture I have no idea how it can succeed as a public firm. How will Steve deal with criticism from public investors? What is he not willing to lie about?
Their best case scenario is really Twitter’s case, where they go public, have middling performance, and then get bought out by a billionaire after annoying them with bad moderation decisions lmao
Can you point to a source for this for those of us not familiar with his comments?
I get the want to simplify things, but it's already simple enough:
1. Reddit brings out absurdly priced API
2. Developers don't want to pay that much
3. Reddit then behind the scenes berates developers, claiming they are trying to blackmail millions of dollars, to the apps serving harmful ads, to posting about how the apps aren't "good citizens" and instead are scraping wildly
4. Developers push back and announce app closures
If it was about "showing ads", they would have budged on price a long time ago, added in guidelines to use the API and serve ads, etc. This is about controlling user data, tracking every bit they can, leveraging their content, and then monetizing the fuck out of it in the age of AI.
They think $X is vastly larger than the $Y they would get from third party app developers. So, goodbye to third party app developers.
>Hi Mods,
We’re providing a follow-up on the last API update we made to make sure our mods, developers, and users have clarity on changes we are (and aren’t) making.
API Free Access
This exists and continues to be available.
If usage is legal, non-commercial, and helps our mods, we won’t stand in your way. Moderators will continue to have access to their communities via the API - including sexually explicit content across Reddit. Moderators will be able to see sexually-explicit content even on subreddits they don't directly moderate.
We will ensure existing utilities, especially moderation tools, have free access to our API. We will support legal and non-commercial tools like Toolbox, Context Mod, Remind Me, and anti-spam detection bots. And if they break, we will work with you to fix them.
Developers can continue non-commercial usage of the API, free of charge within stated rates. Reddit is also covering hosting for apps via the Developer Platform, which uses the Data API.
Reddit is worthless without community contributions, and Reddit is very clearly telling the community (both users and developers) that they aren't valuable and should go find somewhere else to spend their time.
Similarly to twitter third party api access with no ads doesn't make any sense for a business that's an ad business, it's stupid they've allowed this at all for as long as they have (and it was stupid for twitter to do the same).
If you want to build a non ad-based subscription business go ahead! I strongly prefer models that do that (e.g. substack), but if you're not going to do that then don't operate some weird half measure that's clearly counter to the company incentives. Apollo is just upset the free party is over.
I'm a little surprised reddit would not just shut it all down like twitter did since that makes more sense for this model, but having the price set crazy high is effectively the same thing anyway. It makes sense they don't want to negotiate, they'd rather have no third party API access at all.
This argument doesn't mean I'm a fan of data access and control (I'm not - I work on urbit to give people a way to escape it), but I recognize the business as it is. If you're running an ad business and allow third parties to build apps on your business that prevent you from controlling users at the client level (and prevent you from showing ads) you're making stupid decisions.
Like most things it's a problem of incentives. You can't fix the behavior without fixing the incentives. You can't escape the megacorp ad world we're trapped in by just wishing the existing incentives didn't exist.
From the post:
> Me: "Because I assume the majority of it isn't server costs. I assume the majority is the opportunity cost per user."
> Reddit: "Exactly.""
Reddit's doesn't care about the $0.12, they care about the ads that doesn't get shown.
For reference, approximate global ARPU if converted to monthly for other social networks in 2022: Pinterest: ~$0.5, Snap: ~$1, Twitter: ~$1.6, FB: ~$3.3
This says the IPO roadshow will say Reddit has potential somewhere between Twitter and Facebook, which feels like the right sales pitch to me.
Iirc, the entirety of Reddit’s user base was used for the calculation. My guess is that Apollo’s subset of users are much more active (and probably more lucrative in terms of ads and user data) than probably 99% of all Reddit users.
Is that a matter of fact? How do you know it isn't higher? Also consider that it's not just advertising, it is also about funneling users to new products Reddit may want to develop
I guess the Reddit premium users just have to use Reddit apps to get it ad free?
This 100% reeks of business people who don't even care to understand what Reddit is coming in and seeing the raw metrics of "% of users who aren't seeing ads" and the "lost" revenue.
I have to think there was a path here for Reddit to get its ad money without alienating so many users and mods.
Apollo will never pay, because it's shutting down. It was always an option to monetize 3PA but Reddit decided not to.
10 years too late.
BUT if you take the edits in context, there was nothing wrong with them. Dozens of people were talking shit, and he responded by very lightly and very obviously trolling them. There were still a lot of old school internet users/4chan types running the show back then, so they should have been able to deal with a tiny bit of counter-trolling without losing their minds.
I know that you do, and you have your reasons, but...well, I don't. I think people are taking reddit commenting way too seriously if heads need to roll over a comment edit.
what attacks are you specifically referring to here, other than kicking them off the site?
The admins always had some new rules and some specific ways they had to be enforced, and were always happy to heap ever-increasing punishments on the subreddits capriciously
Oh, you can't say "Retard" any more, if we find any more examples of this prohibited hate speech your subreddit is going to be actioned against. Also we banned half of your most active moderators for wrongthink. We'll continue banning moderators and levying punishments until the situation is rectified.
I think we're on the same page overall here, just that I never put any faith in the sanctity of Reddit's database
On the other hand, we expect some level of fairness and professionalism from Reddit and its administrators.
But Reddit is and always has pretended to be a "big name" company like Youtube, Facebook, etc.
They would even feel good about it because they have managed to obtain an unfair advantage and get away with it.