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by satvikpendem 1098 days ago
> Meanwhile, most of the content producers seem to have fled the site and latest high quality serious content is a week old at this point.

I highly doubt this, most content producers explicitly can't post their content because their subs are restricted or private, eg AskHistorians.

> I don’t see how Reddit recovers from this without losing a great deal of value for their shareholders. I’m expecting Huffman to resign based on how much he has damaged their monetization potential with advertisers.

No, this is great for shareholders as it explicitly removes users using apps that are not able to show Reddit ads.
1 comments
ramraj07 1098 days ago
I’m an avid Redditor and have been for a decade. I just stopped using it since the blackout. Turns out life is fine without it. Occasionally I go into it when I have a specific question or something but that’s it. Screw that site and these myopic CEOs who think they’re Elon Musk 2.0. I doubt I’m the only big contributor to do this. Whether the subs come back or not, I give Reddit a mere 50% chance of being able to survive this long term. Eat this shareholders, for leaving an idiot on as CEO.
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satvikpendem 1098 days ago
Again, shareholders explicitly love this action by the CEO. As for survival rate, it depends on your definition of longterm but every social network eventually dies. Most people simply don't care about the internal politics of a company whose social network they're using. For all of Facebook's scandals, they still have 3 billion monthly active users.
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ramraj07 1098 days ago
Maybe myopic share holders sure. There’s no way a logical person would think this is going to increase their returns on this company. Alienating your top creators is not a great strategy.

As for your Facebook analogy, I don’t buy it. Every young person I know (less than 45 yo) both in US and India maybe logs into FB once a month to see if someone in their extended life got married or bit the bullet. That’s it. The 3 billion number seems to be some clever accounting to me. I agree that between instagram and WhatsApp they have covered most people however, but not by just Facebook. And I’d argue that’s not necessarily because they alienated their users actively anyway. Not like Reddit is doing now.

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