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Reddit Ramps Up Its Threats To Protesting Mods, As Ad Buyers Leave
(www.techdirt.com)
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this post was submitted on 30 Jun 2023
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These guys aren't happy with some support. They want all the support i.e. money. Feels like no tech corporation thinks about its products long term anymore. Just the most readily available cash grabs possible, even if it means possibly losing future revenue.
It's not just tech companies. It's any company with greedy owners.
Well, as other people have said, it looks like they were preparing to sell Reddit, or take it public, or whatever, and they wanted to make it look as profitable and purchaseable as possible.
The end result is the same, but the reasoning is a bit different.
Anyhow, if that's true, I dare say they've achieved the opposite result now.
Spez explicitly said in his AMA that third party apps were profitable while reddit wasn't.
Which isn't mutually exclusive, plus he can't really talk about any planned sales before they are actually announced anyway.
Yeah, at this point, they could completely reverse course and it still wouldn't make a difference to me. I'm glad they took it this far actually because I didn't like the way the site was going long before this but there weren't any decent alternatives that I was aware of. My addiction kept me there, but this has made it pretty easy to leave with the glances back just being curiosity about whether the whole thing is on fire or becoming a steaming pile of shit.
So, shall we start calling this 'the Reddit Effect?' We haven't had anything new to supplant the Streisand Effect for awhile, I feel like something like this is overdue
So the Reddit Effect would be a company trying to do something to raise it's value or make it look good that has the opposite effect?
I don't think there's another name for that, so sure, why not?