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485 points dredmorbius | 6 comments | | HN request time: 0.001s | source | bottom
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LanceH ◴[] No.36435739[source]
I don't have a lot of fondness for companies which offer a free product until it becomes entrenched, then take it away. I think of how MS and Adobe both turned a blind eye toward piracy until everything else had been killed off, then they went hard on piracy.

That said, perhaps moderators and users should be willing to admit that Reddit produces some of the value here. Every voice I've heard is, "we do all the work", "we produce all the value". It's also comical to hear moderators say that when the users of their subreddit could make the same claim trumping the moderator.

Right now the mods seem to be flexing their muscle, showing that Reddit has allowed them too much power, rather than showing the actual need for an api. In all of these discussions, I haven't seen a single video detailing side by side how necessary the third party apps are. Just claims that everyone needs them and uses them.

Reddit, of course, seems hell bent on making their UI worse and worse. I don't know what their play is or how they plan on getting paid for it. I have to say, though, for a free product their ads are among the least intrusive I can think of.

Every subreddit is just a click away from moving, though. I see some doing it. But a lot of those subreddits enjoy the influx of users that reddit brings them (until they don't, of course).

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CharlesW ◴[] No.36435896[source]
> That said, perhaps moderators and users should be willing to admit that Reddit produces some of the value here.

Very little, and almost none from a technical POV. What value Reddit does provide is a side effect of 17 years of investments by users, their communities, and those communities' unpaid moderators.

Yes, Reddit is free to attack the foundation of their value for short-term gain. However, the reality is that Reddit has never been easier to replace than it is right now. If even a relatively small percentage of users/communities/moderators take their toys and go elsewhere, it could trigger an irreversible decline.

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JumpCrisscross ◴[] No.36435945[source]
> Very little, and almost none from a technical POV

I mean, I can sign up and log in. That's more than I can say for the federated competitors I tried so hard to use and finally gave up on.

The fact that none of Facebook, Twitter, Snapchat or TikTok tried to go for Reddit's throat in this lull implies we might be missing something.

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nkjnlknlk ◴[] No.36435993[source]
The thing you are missing is that Reddit is not (sufficiently) profitable. :)
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1. Dylan16807 ◴[] No.36436073[source]
Reddit is pulling in hundreds of millions of dollars and that number has been rapidly increasing.

They would have easily reached profitability without doing this.

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2. munk-a ◴[] No.36436145[source]
Yes but would they reach the 30% YoY growth in perpetuity we consider mandatory in the modern economy? Fast may seem good but it's actually slow when compared to the fastest horses. Every company must be a unicorn, so sayeth the investors.
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3. JumpCrisscross ◴[] No.36436501[source]
> would they reach the 30% YoY growth in perpetuity we consider mandatory in the modern economy

Straw man. If you tell investors you'll grow at 30% YoY for the foreseeable future, and raise money on that premise, you can't turn around after failing to deliver and blame "the modern economy." Plenty of businesses–most of our economy–run on low-growth or steady-state business models.

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4. heyoni ◴[] No.36436512[source]
The whole world needs to slow down and take a breath.
5. tivert ◴[] No.36437133{3}[source]
>> would they reach the 30% YoY growth in perpetuity we consider mandatory in the modern economy

> Straw man. If you tell investors you'll grow at 30% YoY for the foreseeable future, and raise money on that premise, you can't turn around after failing to deliver and blame "the modern economy." Plenty of businesses–most of our economy–run on low-growth or steady-state business models.

Not exactly. The rest of the economy may run on "low-growth or steady-state business models," but the VC investors that control funding for technology businesses demand "30% YoY growth in perpetuity." It's a cultural problem.

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6. JumpCrisscross ◴[] No.36437236{4}[source]
> the VC investors that control funding for technology businesses

Reddit was held by a media company, Condé Naste. It chose to raise growth equity from VCs, among others. In summary,