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Full memo transcript of u/Spez to reddit employees
(lemmy.world)
Hi Snoos,
Starting last night, about a thousand subreddits have gone private. We do anticipate many of them will come back by Wednesday, as many have said as much. While we knew this was coming, it is a challenge nevertheless and we have our work cut out for us. A number of Snoos have been working around the clock, adapting to infrastructure strains, engaging with communities, and responding to the myriad of issues related to this blackout. Thank you, team.
We have not seen any significant revenue impact so far and we will continue to monitor.
There’s a lot of noise with this one. Among the noisiest we’ve seen. Please know that our teams are on it, and like all blowups on Reddit, this one will pass as well. The most important things we can do right now are stay focused, adapt to challenges, and keep moving forward. We absolutely must ship what we said we would. The only long term solution is improving our product, and in the short term we have a few upcoming critical mod tool launches we need to nail.
While the two biggest third-party apps, Apollo and RIF, along with a couple others, have said they plan to shut down at the end of the month, we are still in conversation with some of the others. And as I mentioned in my post last week, we will exempt accessibility-focused apps and so far have agreements with RedReader and Dystopia.
I am sorry to say this, but please be mindful of wearing Reddit gear in public. Some folks are really upset, and we don’t want you to be the object of their frustrations.
Again, we’ll get through it. Thank you to all of you for helping us do so.
It did have an effect. Remember the context: Reddit is trying to look 📈 big and growing now, because they will start selling Reddit shares. If no visible protest, buyers would just see the reality that Spez is showing them like "ad revenue remains stable" and "app adoption is skyrocketing!"
Even if temporary, that amount of outage made the news, which means potential buyers get to see a bit of dirty underwear sticking out of Spez's drawer. Business Insider reports on "Reddit's falling IPO valuation" already.
It is costing them, which may cause change. Clearly too little too late for too many people, but hey at least the assholes lost money.
Good.
The good part here is that they're losing money, but I doubt it'll be enough for anything more than a sop. Spez the asshole seems pretty firm on his decisions, and people are eventually going to come back. Like Louis Rossman said, this is just showing them is that no matter how bad they treat their users, they'll always be back in 2 days max, and that's what counts in the end