Of course they are. If they cave in it shows the people have power. If not, this is just another example that protests accomplish nothing. A small dip in profits is worth maintaining the upper hand. We need to up the ante. Have subreddits move to another site. As in close down here and drag the user-base with them somewhere else.
What other issues will come out of the IPO? Hopefully not assigned mods to override elected mods. When a company goes public, it works first and foremost for the shareholders, and not the users or the public good, and that is a problem.
They’ll ride this ship straight to the bottom of the sea.
The blackout won’t do any damage. The damage will come over time as they kill third party aps, then bring in whatever other monetization schemes investors will like but users won’t, and the userbase will slowly wither away.
Enshitification is the end state of every online service.
It starts out great as they build their user base, enter a golden age of success, then deliberately become shit as it attempts to extract as much value as possible for shareholders.
Eventually the service either dominates competition and the government meekly opts not to enforce monopoly laws, or it is suckled dry and slowly dies, the shareholders moving to another service like the locusts they are.
A bunch of the non participating ones have also changed to joining as of this post, so it’s probably more now. I would assume this would heavily drop ad revenue for reddit, but im no expert and would need to look into it more.
EDIT: The link to that post doesn’t work as r/dataisbeautiful is now privated. Here are the images from the post showing the data. Red = participating (Sorry for the quality I used Waybackmachine)
Who the fuck wants to buy the IPO stock of a company, that after this many years, still can’t manage to be profitable?
They are either lying shut bags about the profits, or delusional to think anyone would touch that IPO.
Since they keep talking IPO, and they are doubling down on blaming 3rd party apps, and have been caught lying countless times already, it’s not hard to figure out which.
Adeus_Ayrton says
Beginning of the end.
Something new, something better will emerge eventually. That’s how things go.
[deleted] says
Well yeah, it’s not like going dark for 2 days does anything. If anything it says, “you can do whatever you want and we’ll come back no matter what”
Skyeborne says
Not surprising. Many subreddits will come back after a day or two when the mods get bored, and if not then other subs will take their place.
ETherium007 says
Of course they are. If they cave in it shows the people have power. If not, this is just another example that protests accomplish nothing. A small dip in profits is worth maintaining the upper hand. We need to up the ante. Have subreddits move to another site. As in close down here and drag the user-base with them somewhere else.
merRedditor says
What other issues will come out of the IPO? Hopefully not assigned mods to override elected mods. When a company goes public, it works first and foremost for the shareholders, and not the users or the public good, and that is a problem.
bd_one says
Will definitely be interesting to see how long the NBA and r Videos subreddits stay down.
FStubbs says
They’ll ride this ship straight to the bottom of the sea.
The blackout won’t do any damage. The damage will come over time as they kill third party aps, then bring in whatever other monetization schemes investors will like but users won’t, and the userbase will slowly wither away.
RobbyRock75 says
Would be nice if Reddit could just get their own services working as well as the third party ones
No-Strawberry-5541 says
Not surprising. Most of the subs going dark are only doing it for 2 days. The few that go dark indefinitely will just be replaced real fast.
Trips-Over-Tail says
Enshitification is the end state of every online service.
It starts out great as they build their user base, enter a golden age of success, then deliberately become shit as it attempts to extract as much value as possible for shareholders.
Eventually the service either dominates competition and the government meekly opts not to enforce monopoly laws, or it is suckled dry and slowly dies, the shareholders moving to another service like the locusts they are.
Overlord_Arlas says
It looks like over 50% of the top 200 subreddits are going dark, seeing as this is one of the larger ones it would be cool to have it participate. ([https://www.reddit.com/r/dataisbeautiful/comments/146ovat/oc_top_200_subreddits_participation_status_as_of/](https://www.reddit.com/r/dataisbeautiful/comments/146ovat/oc_top_200_subreddits_participation_status_as_of/))
A bunch of the non participating ones have also changed to joining as of this post, so it’s probably more now. I would assume this would heavily drop ad revenue for reddit, but im no expert and would need to look into it more.
EDIT: The link to that post doesn’t work as r/dataisbeautiful is now privated. Here are the images from the post showing the data. Red = participating (Sorry for the quality I used Waybackmachine)
https://i.imgur.com/pzlkw3O.png
https://i.imgur.com/yOGFZN9.png
Effervescent_Smegma_ says
Does no one think of the shareholders 🙀
Jumpingdead says
Who the fuck wants to buy the IPO stock of a company, that after this many years, still can’t manage to be profitable?
They are either lying shut bags about the profits, or delusional to think anyone would touch that IPO.
Since they keep talking IPO, and they are doubling down on blaming 3rd party apps, and have been caught lying countless times already, it’s not hard to figure out which.
Dusk_v733 says
If one of y’all could go ahead and make a new reddit that’d be cool.
New YouTube while we are at it too, thanks boys
saraseitor says
I’m starting to believe that the worst thing that can happen to a company is to become public