I haven't laughed this hard in so long. The malicious compliance is epic. John Oliver can't buy PR like this, and he has got to be one of the few people that can appreciate being the face of something like this.
The point is to hit reddit where it hurts - ad revenue. There will be a slight spike in interests as people laugh, then the lack of original content will cause people to be bored. New subreddits will have to be created and built from the ground up. Moderating a subreddit with 40m subscribers is hard.
Spez needs to realize that going to war with the users is a dumb move.
I would argue that this whole thing will delay or devalue the IPO. Institual investors will look at this rather public fight and question his leadership. And the whole attempt at damage control makes him look bad. The only investors that will look past this fiasco are those who are doing the long play, and even then, they likely won't want Spez involved.
From a risk perspective, Reddit has just highlighted it's biggest risk: the volunteer moderators. The only way Spez will be able to fix that is to replace moderators with AI or paid moderation teams. At an estimated value of $3.4M, and a company that is not profitable, that increases the risk in terms of the business model.
In general, social media is inherently flawed for profits. The path to monetization is ads and data, and the fact that Spez is now squeezing the users make me think that the value of the data and the ads is not producing the returns to compensate for dumb ideas like the NFT project.
The beauty of this is the pendatic fixation on the definition of profanity. Sure, no one is going to think OMG is profanity but it means the definition.
Reddit: open /r/pics or else. Mods: OK but you didn't say how (old.reddit.com)
I honestly don't know if this is allowed here but I thought this is malicious compliance at its finest....
[REPOST] Reddit's API protest just got even more NSFW (mashable.com)