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That’s unfortunate. I understand your trying to IPO and his goal is to get his golden parachute afterwards. But you’d think the board and him would want to foster some goodwill with the community the depend on.
If he was gonna bullshit someone it should have been investors and advertisers, not users. Look at pre-Elon twitter, Jack Dorsey knew how to IPO on straight hedgefund money.
If the discussions have been going on for that long, why this exact moment in time, and why such a short deadline?
Why any moment in time? We did it when we did it. We could do it a year from now and we’d probably have the same conversation. We could do it five years ago, we’d be having the same conversation.
I guess what I still don’t quite understand is, if this has been thought about for a long time, is the goal just to meet this deadline and move on? Like just turn a new leaf from there?
We don’t have to meet our deadline. We told folks hey, we need to come up with a plan, or we’re going to start billing you on July 1st.
Complete mess of a CEO. I’m so glad that I’m not using Reddit anymore.
Those answers were disappointingly evasive. The questions were clear and he chose non-answers. Yuck.
That scumbag energy, holy smokes. He’s executing reddit right in front of our very eyes. It’s just sad.
He refers to reddit as a city and keeps mentioning democracy and communities. No city/community/democracy should be owned by one corporation and have it’s main goal be profitability.
Spez wishing for some corpo dystopian society.
I mean…. Just read his comments in this article: https://www.newyorker.com/magazine/2017/01/30/doomsday-prep-for-the-super-rich
Dude more thinks of himself as a king. He sees Reddit like a city in the sense Rome was a city, and he’s the Caesar.
He literally says he’s a great leader and “would not be a slave, but a leader” in the post-apocalypse.
He literally sees himself as Immortan Joe or some shit lmao
I had to stop reading the interview, I never voted him as CEO. i guess I was voting Reddit but now I am voting fediversd
Well, you make sixteen posts and what do you get?
Another day older and pissed off at u/spez
He’s so insufferable.
one day I hope to count our users among our investors, but getting to breakeven is a priority for us
Yeah well, I’m already an investor on the fediverse, by donating to my instance admins, and the instances I support already break even. It pays back handsome returns on my investment not by extracting value, but by providing a community that respects its users instead of monetizing them. That is the only investment I’m interested in.
I mean, it sure makes sense. If they’re getting the server costs and effort to maintain and moderate, happy to drop a few dollaridoos now and again. Less ads to block as well, which is always nice.
Wow, his answers and arguments are really bad. Doesn’t acknowledge that AI scrapers abused their system, not apps to access and interact with Reddit. Practically says they will imitate Apollo. Admits that they unreasonable timeline was a way to coerce deals.
Spez is a spaz
Don’t use disabilities as swearwords. They are enough of a burden on a person as it is.
Spaz? Really?
Another tech slapfight to monopolize and monetize an entire slice of the data exploitation pie. Deleting Reddit was definitely the right choice for me. And it was the perfect excuse to dust off my two-year old Lemmy account that I’d never posted from!
Adding: can’t see past the smug arrogance either
Good lord, this interview just solidified my decision to never return to Reddit. It seems Spez doesn’t want me there anyway, despite how much time and money I’ve given them.
I also wish the interviewer had brought up Spez lying and mischaracterizing Christian so blatantly. Just pathetic behavior.
What a painful read… initially I would’ve been ready to pay to keep using my favorite reddit client – but hearing about the exorbitant pricing, then the deadline, and now about the way they’re treating their own community? They couldn’t pay me to stay.
This will be an unpopular opinion, but I think reddit is mostly in the right with these API pricing changes. It makes no sense from a business perspective to allow other apps to freely profit off their services. They only fucked up with the arbitrarily short timeline which Huffman has no reasoning for and the poor communication throughout the whole process. Even Apollo dev said he was fine with them charging if he had had more time to make the transition.
I think charging to use the API is fine, but it was definitely overpriced to the point that it was obvious they wanted to nuke TPAs. They need all that sweet user data to sell to others, and they can’t get to that with TPAs.
How can they not get user data on TPAs? It’s their user and their data which they are serving to TPAs.
My understanding is that the app has the API key that’s making requests, so, from Reddit’s point of view, it’s one key requesting all of that content, and they don’t see the granular details of who requested what.
They could’ve probably gotten around that by requiring personal API keys for each user, maybe tied to a premium/gold membership?
I mean user data can very much be completely inferred from API calls. It’s not about the user data itself, it’s about being able to say to advertisers “all our users will see your ads”.
Even if you think the pricing is fine, the time window the apps get to make changes is way too short. They kept asking when would we have to start paying, and the answer always been in the distance future. Now they have 30 days to get the funding for a huge amount of users.
I haven’t seen a developer of the third party apps complain about there being a price at all, just that the price is too high given how much a user costs reddit itself, and how tight the timeline is given at that price. And yeah he basically just said “well we were gonna do it at some point, so why not now?”
I think the issue is that he’s saying that he is “willing to talk” but Christian said many times that he feels he’s talking to a brick wall. So how can he feel comfortable having discussions when those discussions might not happen until after he starts getting charged prices that he wants to talk about?
For some reason spez doesn’t get that and it’s really annoying to see him talk about how they’re the only company in town offering free lunch, no one is asking for that.
Monetising API access isn’t bad, but at a reasonable rate.
The Snoo Platform hiked the rate up to the unaffordable is just insane.
I don’t think charging for the API is inherently wrong, but they want to charge a ridiculous amount. It should be 1/4th of what it is, or less. The Apollo guy calculated it is 20x more than what the average user makes them, via Reddit’s own previously posted user monetization stats.
It’s frankly a bullshit excuse, the devs of a handful of apps don’t make any sort of megabucks. The prices given were Fuck Off prices, the ones you give knowing they’re exaggerated and unreasonable to someone you want to go away. They wanted to just kill them off. The fact that this happened after Reddit out and out neglected mobile access for years until 3rd party apps existed, then bought out one, stripped it for parts and threw it out to make their monstrosity is specially jarring.
It at least goes to show, once again, that when building on top of other services, those services can fuck you over at any time, for any reason.
I wish him luck lol
I don’t, fuck that guy. I know you’re kidding but still, fuck that guy. Aaron is rolling in his grave right now.
When reddit was showing how well reddit gold paid for server costs, it usually broke even.
That was when there was far less ads too.The costs surely exploded by adding lots of staff and their own image/picture hosting, but I don’t see the benefit in there.
“The blackouts are not representative of the greater Reddit community.”
Of course not. The vast majority of Reddit are lurkers that don’t interact with anything and just mindlessly consume. Even bots add more value to a platform, than most lurkers. It’s the content creators and people that interact with them through comments, that create value.