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Reddit is in danger of a death spiral (www.zdnet.com)

submitted 2 years ago by doophy@kbin.social to c/news@kbin.social

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Can Reddit survive as its volunteer workforce close down subreddits and walk away from the site in protest at the management's new policies?

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[–] GizmoLion@kbin.social 3 points 2 years ago (1 children)

There's still a big difference between making money to survive, and the insane cash grab that was this new API pricing...

[–] doophy@kbin.social 2 points 2 years ago* (last edited 2 years ago) (1 children)

That's kind of the problem, though. That insane cash grab is profit driven. Spez said it himself in the AMA: Reddit is profit driven. That goes beyond makiong money to survive. That's investors seeing a return on their money. That's generating value in preparation fo that big IPO. That doesn't usually mix well with the way a site like Reddit generates value: free community created content. Right now, Reddit is banking on enough users not caring about the protest, or the fact that the site is arguably on a downward trajectory. Looking valuable is more important than being valuable at this point.

Thanks Jack Welch for that kind of mentality. I hope you're burning in Hell.

[–] GizmoLion@kbin.social 2 points 2 years ago

No argument with what you said, I'm just saying there's a big difference between paying for a server, and paying your shareholders.