Chase has been mailing me literally the same letter for the past 12 years. I think they send it once or twice a month. It is a cardboard paper with a huge “500” on it, begging me to open an account with. Mind you, it goes directly in the trash. They waste so much paper.
And this is where we diverge culturally. The rest of us in the workforce that haven't been brain-washed to believe that the old school corporate lifestyle/mentality is the way things should be will go find jobs elsewhere for companies that are much more progressive (or start companies of our own). The Jamie Dimons of the world will be left with only their vacant ass commercial real estate still saying "nobody wants to work" or some shit.
I wonder when buying these 3rd party apps as acquisitions, if Reddit brought along their dev(s) in the process. It sounds like they didn't, which would be so shortsighted. Because what it seems is that once Reddit had these programs in their possession, they didn't know what to do with them, or how to integrate them into their own source code...at least with Spell this seems to be the case. I have no idea about Alien Blue, which I had used at one point prior to using Reddit's own mobile app. All they had to do with Alien Blue is rebrand...why didn't they?
How do you employ nearly 2,000 people. an army of unpaid moderators, and not come up with proper tools to navigate your own program, or find profitability off its user data? I think that Huffman has had no plan, leads a top-heavy organization, has been coasting along the company putting out day-to-day fires, and now he's scrambling to quickly find something profitable to show his investors.
There are a lot of things that don't make sense at the core of Reddit, because Google, Chat AI, and ad revenue are the places to make a profit...not API usage from 3rd party apps. I watched a really great video of the history of D&D last night on Nebula, and wow talk about lessons that Reddit could learn about 3rd party contributors.
(I'm going to link the video, but you need a subscription to Nebula and/or Curiosity Stream to view it). TL;DW summary: D&D works best as a business when it collaborates with 3rd party contributors and its fans.
The legal basis was always a little shaky. The majority opinion actually coyly cites Pelosi stating that actual cancellation would require an act of Congress. The standing issue seems pretty severe and will likely have some messy ramifications going forward.
The (very) sight silver lining is that this is itself deflationary, not that that's much solace.
The legal standing was not as shaky as news media keeps telling people. The Secretary of Education has the right to modify or waive loans. Roberts acknowledged this right, but claimed that partial loan forgiveness is neither of these things, when it's kind of both.
I would love to see reddit succeed, but at the end of the day they have chosen to close of valuable user created information to the internet and declared they they alone possess the right to sell the stuff you freely contribute.
They are shitbags and the company deserves to burn. Bring back forums.
Actually, that sounds like exactly what I would be advising them to do in a situation like this. Reddit has been bloating itself with new features that nobody has been asking for because it keeps trying to turn itself into Facebook or Discord or whatever. If Reddit needs to become profitable I'd suggest cutting those and focusing entirely on what Reddit already does better than its competitors. Link aggregation and threaded discussion. Do just that, but do it better. That would allow them to shed some massive expenses both in technology and in staffing without impacting the income from its core business.
They didn't do that and it's probably too late now. I don't know how Reddit would be able to shed its Imgur-like image and video hosting at this point, for example.
Reddit has been bloating itself with new features that nobody has been asking for
Exactly. Almost all their "exiting new features" have been subtracting value and turning the site into shit. That's why I left, not because I care about the API. I don't understand why they kept paying people to make reddit worse. They should roll back their source code to 10 years earlier.
Yeah, Reddit, like so many other websites, seems to have gotten into its head the idea that it wants to recreate the 90s AOL experience, but not in the fun way.
Well the article states that the issue was more managerial than quality of employees, granted, it is very biased since their statements are from ex-Reddit employees but some of the quotes in the article state that they wanted to focus on fixing the important issues (moderation tools etc) but the managers demanded more product improvements that generate profit, and moderation tools are not it. After all, this is the same platform that let The_Donald for years, I don’t think moderation was ever a priority at all for Reddit
A bunch of the complaints sound like the same complaints I've heard from many companies. But it also sounds like a shit place to work, with some arrogantly poor leadership decisions.
Pretty predictable stuff from spez. If I were one of Reddit's seemingly innumerable VP's, I'd be questioning if my total compensation package is worth much anymore.
My guess is that most of them are probably preparing to cash out soon ... because the whole thing is hanging on faith and promises that no one is sure will be kept .... it's like dating that hot girlfriend/boyfriend and hoping that some day soon, you'll go to bed together and they just lead you on leaving you to wonder if anything will ever happen or not
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