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Megathread for Reddit Blackouts and News - Day 3
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this post was submitted on 14 Jun 2023
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Technology
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I agree with everything you’ve said and that it is disappointing. I do think there is merit in continuing to protest and send a message.
However, I don’t think there’s anything that can move the Reddit leadership team back. Because even if they went back on this API issue, the continued process of the degradation of reddit as a service has been a long term thing. It seems to me that the Fidelity downgrade of their evaluation has pushed them even further down this path.
I truly am done with them. Even if they come back from all this, what’s left there? Somebody else pointed out that over the year, generally interactions became more unfriendly on reddit, spam and changes to the algorithm increasingly pushed away from the platform we all loved.
I see this situation and how it was so exacerbated by Spez and the leaderships absolute failure as a blessing. There’s a lot of alternative ways to spend time on the internet, to connect and learn. Beehaw has been really good to me the last couple days, I am excited for a future here and ready to not contribute toward the mess that reddit has become anymore.
It's become increasingly clear that Steve and his cronies are desperately trying to get Reddit to its IPO with value intact so they can cash out and leave someone else holding the bag. As I've said elsewhere, I wouldn't be surprised if he and others end up shorting Reddit.
If he does, that's insider trading and wildly illegal. Not saying he won't, just that the ethical thing to do would be to treat Reddit as a Conman's scheme and withdraw any value you've put into it sooner rather than later. Reduce the IPO value by not going back
I'm excited to see how these new platforms flourish too. Even if Reddit do eventually concede and they drop their API pricing, the writing is on the wall. They've shown how little they care about the community that uses their platform. I'll likely be leaving Reddit permanently, but I want to know I've at least done everything in my power as a long-time user to protest their awful decisions.