Note that these are just quotes from the disastrous AMA he held last week, not new comments that have been made.
I just posted it elsewhere, but that’s only the beginning. They also announced their intent to turn reddit into an even more ad-infested hellhole than it already is: https://www.redditinc.com/blog/investing-in-what-makes-reddit-unique-introducing-contextual-keyword-targeting-and-product-ads
This is the future of reddit everyone - abandon all hope ye who clicketh here: https://www.redditinc.com/assets/images/site/image2.gif
Unlike some of the 3P [third-party] apps, we are not profitable - Steve Huffman, Reddit CEO
Translation - we don’t have control of the 3PA and they are getting in the way of moooore profit, so we want them gone.
What a shitty job at astroturphing there.
"Won’t someone think of the corporations! The evil third party apps (that we admitted were less than 10% of our userbase) are (somehow) bankrupting us! They’re using so much API (even though our website uses at least 5x the API calls)
[Translation: There’s 10% of the people we could shove ads in front of who are getting around it and I want to sell this sucker so I can buy another vacation property]
Something like reddit doesn’t long if it’s not profitable. He’s not in the same reality that we are
They love to get creative with the definition of “profitable”.
The sad thing is there’s a right way to do everything they want but this ain’t it. Spez is litterally digging a hole using the bricks he could be building with.
Dang, after reading that, somehow I’m even more glad I overwrote all my past comments and posts with a protest message. You do not get to monetize my speech down to keyword targetting, reddit!
The way that’s written is so blatantly and shamelessly “all these people volunteer and provide an amazing service for free! :D look how much money we can make off this free labor without giving any of those volunteers a single cent, and while sabotaging the service!”
If you want to auto-overwrite your comments and posts, or just delete them, check out Power Delete Suite or Redact by June 30th, before the API change breaks these tools.
LMAO giving r/BuyItForLife as a good example of where to put ads.
It is already infested with covert ads posted as content, anyway.
We’re sticking to the Fediverse as well so
and here i was, truly believing that they would reconsider. as of right now ~4000 of the planned 6600 subs have gone private, if that isn’t enough then oh well
“Hold on, dear investors! I’m confident that we can simply steer our ship straight through the middle of the massive iceberg!”
Ironically, had the titanic hit the iceberg straight on it probably would have survived. Swerving at the very last moment was what made it sink.
I’m not going back despite reddit sticking with API changes.
I wasnt going back anyway, but now it’s an even easier decision!
