392
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 13 Jun 2023
392 points (100.0% liked)
World News
22063 readers
23 users here now
Breaking news from around the world.
News that is American but has an international facet may also be posted here.
Guidelines for submissions:
- Where possible, post the original source of information.
- If there is a paywall, you can use alternative sources or provide an archive.today, 12ft.io, etc. link in the body.
- Do not editorialize titles. Preserve the original title when possible; edits for clarity are fine.
- Do not post ragebait or shock stories. These will be removed.
- Do not post tabloid or blogspam stories. These will be removed.
- Social media should be a source of last resort.
These guidelines will be enforced on a know-it-when-I-see-it basis.
For US News, see the US News community.
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
To some extent, Reddit does get a slice - in the form of user engagement. User engagement is how they generate ad impressions, even if it's not from the users on the third party apps.
They COULD have simply put ads into the API, or made it a requirement. They didn't.
Their entire goal is to maximize "value" before their IPO. Control and number inflation. They don't care about the long term. Spez wants to cash out, and he doesn't care what it costs the company.
OH, THIS THIS A BILLION TIMES THIS.
They shot themselves in the foot and are now angry about it.