just so this doesn’t overwhelm our front page too much, i think now’s a good time to start consolidating discussions. existing threads will be kept up, but unless a big update comes let’s try to keep what’s happening in this thread instead of across 10.
developments to this point:
- Apollo for Reddit is shutting down
- Reddit is Fun will also shut down
- Reddit CEO (/u/spez) is going to hold a AMA about the API update
- Sync has announced it is shutting down
- ReddPlanet has announced it is shutting down
- Reddit creates an API exemption for noncommercial accessibility apps
- /r/videos is planning to shut down indefinitely, beginning June 11
- A subreddit dedicated to migrating to kbin.social has been closed by Reddit
The Verge is on it as usual, also–here’s their latest coverage (h/t @dirtmayor@beehaw.org):
other media coverage:
I just don’t get how a site based on freely produced content thst employs volunteer mods can actually monetise.
That part just gets me. The site has nothing without the users and the users have nothing without the mods.
They’re taking us all for granted. They are going to embarrass themselves if they go public
Let ‘em, we’ll share content here.
Hopefully my old popcorn machine still works. I’m going to need it.
It’s because of the contract every user has with Reddit. It’s that legal document nobody ever reads.
That legal document isn’t worth the pixels it’s drawn on. As soon as the moderators leave Reddit en masse, spammers move in, Reddit goes belly up, and the contract won’t change that in the slightest.
The contract’s entire validity with moderators is questionable, by the way, seeing as how there isn’t any meaningful consideration. Subreddit moderators contribute to Reddit and receive essentially nothing in exchange. For ordinary users, one could argue that you agree to do the things in the contract in exchange for access to and participation in all the content and community on Reddit, but that argument doesn’t work for moderators.
The thing is, they have operating costs. I’m sure it’s a boatload of money as well, given the size and scope of Reddit. Almost all startups run at a loss. And then continue to do so long past when they’re a “startup”. The money they “make” is from rounds of investors who believe they will find a way to make money in the future. Eventually investors get restless and demand that they find a way to monetize so they can recoup. Without those investors money, the site will come crashing as soon as they miss some critical payments for stuff that keep the site up. I’m absolutely sure that’s what we’re seeing. I think either way, its time has come.
Pinch the users to try to keep it alive for a little bit more. Don’t pinch the users and it dies in a grinding halt when they miss some key payments.
They can always work together with platform developers to make profits. Yet they’re killing the very platform that bring traffics to the site. I can only see greediness here.