Huffman said he saw Musk’s handling of Twitter, which he purchased last year, as an example for Reddit to follow.
The writing is on the wall. Those who are staying on Reddit despite everything u/spez said recently are literally asking to be shit on and will fully deserve it.
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Imagine looking at the chaos of Twitter and thinking “wow, that’s a great idea. I need to do the same”
Twitter is seeing declines in usage and has quickly fallen from its position of having an outsized place in the social conversation to a position of being a train wreck everyone is enjoying watching.
Imagine thinking that, then saying that out loud before an IPO.
Actual quote from u/spez leading up to the IPO: “we are not profitable"
Well, he has to disclose that anyway before the IPO so w/e, think he’s trying to have two profitable months before the IPO and then it implodes
Of course he thinks Elon is doing a good job…
Even if he actually thought that, why the fuck would you say that right now when a large amount of your community is revolting against you? Comments like these are only further destabilizing a bad situation. If I was on the board, and even if I fully supported the changes, I would have him removed for adding more fuel to the fire.
The article mentions him and Elon having chatted a handful of times. I guess he’s probably sucking up to Elon as he thinks he might be able to secure some cash from him in the form of an investment or a merger with Twitter.
It could be a suck-up investment play. The problem with hoping a narc like Elon invests in you is that the second you’re not useful to them, they will dispense with you like a dirty cumsock. See: all the people who tried to suck up to Donald Trump and ended up with damaged reputations.
Reddit seems to be in a bad way financially. Their investors have written them down. They’re still making losses. They’re laying people off. They’re implementing these absurd API changes. They need to make a lot of changes to monetize something that’s hard to monetize, and I think that this is a sign of much worse things to come for them and their users. Despite their success at online relevancy, they’re actually a bad business and I wouldn’t be surprised if at some point they got bought out by private equity and picked apart.
The sad part is that it didn’t need to be this way. I think in trying to get hyper-growth and relevancy among normies, they ended up investing too much into areas that would help them do that. If they had stayed content to remind a simple forum, I think they could have been a sustainable business. But the VCs demand to have a unicorn, I guess.
oh, fuck that guy
Both?
My personal thoughts are that anyone who thinks hivhly of what Elon Musk has done to Twitter is highly suspect and probably best avoided.
Reddit Premium users will have a blue checkmark, coming soon! And for a new low low price of $8/mo
The CEO of a company that burned a ton of goodwill in a record amount of time praises the CEO of another company who did about the same 🤷♂️
Now it makes so much sense, buddies an Elon stan. He’s clearly a complete idiot.
with him at the helm i’ll never use reddit again. even if apollo made a deal to use the api I wouldn’t go near reddit until there is a change of leadership. It’s a democracy with a dictator at the helm.
Yeah spez has burnt the bridge for me. No going back anymore.
Agreed, just need an app like Apollo now
I’m not sure we should be so quick to alienate people who still use reddit. They may simply be overwhelmed about starting again on a (better) platform.
Lemmy at it’s core philosophies make it much better for communities and individuals to be freer. We just need to go through some growing pains at the moment.
I agree. I’m trying both Lemmy and kbin (although Lemmy makes it much easier to find communities cross servers), but the lack of polished apps for either service can be off putting to the standard Reddit users. Heck, even I’m a bit taken back.
Mastodon was so much further along because it had so much time to be it’s own thing and grow naturally. The threadiverse is being thrust into high gear and it wasn’t nearly as ready for it.
I find it funny how Twitter got many people to move to federated Mastodon and inspired Reddit owner also is getting people to move to a federated instance. More power to the people. :)
Elon was ordered to buy the site by a judge after a failed scheme to use the acquisition as a pretense to expose the “bot problem” on the platform. Maybe don’t base your company strategy on the guy who is paying down a massive 44b loan because he wanted to meme the price of his fake buyout that blew up in his face
Fuck u/spez
Can’t make this shit up
One authoritarian agreeing with another.
He’s realized that glomming onto Elmo is the only way he’s going to get friends who can help.
