@fivezero Holy shit that is one top heavy company. No wonder they haven't made a profit. I'm done with f u/spez but it will be entertaining to watch him continue to devalue the company. Fidelity downgraded the value and who knows what the Chinese investor Tencen thinks. It will be delicious to watch spez screw up his IPO. Desperation has gripped spez and its getting worse.
@BraBraBra I’ve heard people say that. I’m aware that there have been previous reductions in value. My experience is that investors have the best access to a company’s information, often in real time in a situation like this, so I think the investors are baking in any user loss and loss of revenue even if they are not publicly admitting it.
Someone (presumably at Reddit, but there's no hard proof of that), has recently begun using a large number of dummy accounts and what appears to be ChatGPT to post pro-admin, anti-protest comments across the site, and give them a lot of upvotes. Someone figured this out and posed evidence of it to /r/programming. Shortly after that thread reached the top of /r/programming, the subreddit was abruptly closed by the site admins, which is extremely suspect to say the least.
That’s really all on Steve Huffman. He had years to prepare Reddit for profitability and an IPO. He was caught swimming naked when the proverbial music stopped, and he went for the low-hanging fruit (killing the costly API) with nothing but scorn for the dissenting voices.
The board should have fired him after the stealth edits debacle. This guy has no business being a CEO.
I really just do not get why he thinks Elon Musk has it right idea, only isn’t going far enough. And it’s the board has just decided in for a penny, in for a pound and are determined to stick with him even if Reddit burns to the ground. I wonder what metrics they’re seeing that we aren’t, besides dollar signs.
This is hilarious. Reddit resorting to bots…like a new twitch streamer trying to con their way to partner. What a sad, sad outcome for what was once a great website.
Between Reddit and Twitter I hope big tech begins to take notice and realize they don’t control as much as they think they do. They’re much easier to replace than they think, and ultimately they’re just ad companies.
My advice would be to not wait for someone else to create communities would like to see, but create them yourself and just start posting. If you are not interested in moderating I’m sure you will be able to find someone else to take over.
You can post them in !newcommunities to get some attention, but like minded people will find you.
My niche community /c/latteart@vlemmy.net (self-promo)
Do you need 3rd party tools to moderate on lemmy? Can you do it on mobile?
I have thoughts of starting some communities, but no point if I can't do it from mobile.
It depends on the different clients as most of them started developemnt just weeks ago, but all most popular ones support moderating actions. But Lemmy lacks some hardcore/automatic moderation tools at the moment.
My understanding is that they're switching to a paid model. As in, you'll have to pay to continue using it, but if you do start paying, it'll work indefinitely. (Or at least until the makers of Infinity make the determination that even having users pay won't be enough to keep Infinity financially sustainable.)
Given that that's Infinity's plan, the theory is that probably the makers of Infinity have gone to Reddit and negotiated an extension of the non-paid API plan long enough for Infinity to implement a way for users to pay for it. I don't think there's any official word exactly how long that extension will be, but the expectation is that it will run out at some point and when it does, you'll have to pay to keep using Infinity.
One thing I'm not sure about, though, is how exactly that'll work given that Infinity is open source. Surely there's a "shared secret" or something involved. And for that kind of authentication method to work, the secret has to stay... well... secret. So they wouldn't be able to just commit that secret to the Github repo. Maybe it'll be some kind of OAuth2 scheme or something where Infinity-owned servers and Reddit servers will communicate behind the scenes to get you logged in.
Now that I've been here a couple of weeks, kbin.social is chock full of recent reddit immigrants saying we need this, this, and this. Are these people going to do the programming? Nope.
We need to focus on posting, responding and communicating so that this place has more content.
People who will remain at an exploitative corporate website to avoid the inconvenience are not people I'm interested in trying to sell the fediverse to.
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