Reddit CEO assures employees that API pricing protests haven’t hurt revenue (arstechnica.com)

submitted 1 year ago by halo5@lemmy.world to c/lemmyworld@lemmy.world

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I wonder how many moderators may adjust their protest time frame as a result of this comment...

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[-] elf@lemmy.world 23 points 1 year ago

Wasn't this goober just saying reddit wasn't profitable? What revenue lol?

[-] buckykat@lemmy.fmhy.ml 13 points 1 year ago

Profits are revenue minus expenses. If all the revenue goes into garbage like nfts and new reddit (or up spez's nose) there can be a lot of revenue but no profit.

[-] elf@lemmy.world 3 points 1 year ago

Ah, well said. Thanks for clarifying!

[-] sadakos_left_nut 16 points 1 year ago

Makes me wonder what reddit’s usage stats will be in late July or early August once things settle into whatever normal they’re going to be. I can’t imagine they can pull good mod tools out of their asses quickly enough to combat the spam that’ll undoubtedly crop up without automod, etc.

I think the question is whether this move will ultimately annoy the regular casual lurkers enough. Will it make an impact on reddit’s stats and reputation or not?

[-] buckykat@lemmy.fmhy.ml 8 points 1 year ago

A flood of spam posts hawking cryptocurrency and hot singles in your area might even look on the usage metrics for a while

[-] jon@lemmy.tf 7 points 1 year ago

They'll probably just plug Automod into OpenAI's content moderation API or something if too much spam piles up

[-] sadakos_left_nut 9 points 1 year ago

Oh dear gods, that is the most horrible idea I have heard in my life and yet I somehow fully expect that kind of bullshit.

[-] jon@lemmy.tf 6 points 1 year ago

AI content moderation will be chump change if they get enough takers on this new API pricing. Plus they're wanting to IPO at a time when every Fortune 500 is jumping on the AI bandwagon in quarterly reports, so I'd be surprised if they don't already have teams researching this internally.

[-] ArtVandelay@lemmy.world 4 points 1 year ago

Would be hilarious if open AI decided to up their API cost 1000x for Reddit

[-] ElectricFire@beehaw.org 12 points 1 year ago

I mean he's not really wrong some subs are already opening back up, without indefinite closure nothings going to really change

[-] halo5@lemmy.world 4 points 1 year ago

I agree. I think that the whole movement should move to indefinite closure. If anything, it gives us a reason to pop some popcorn!

[-] godless@latte.isnot.coffee 9 points 1 year ago

Exactly what a struggling CEO is expected to say to keep employees from jumping ship.

[-] BackOnMyBS@lemmy.world 3 points 1 year ago

in other news, my ex has totally moved on based on all social media posts about her moving on.

[-] heyztb@lemmy.world 7 points 1 year ago* (last edited 1 year ago)

I mean, he's right. They have their work cut out for them though. They'll need to be on top of things especially regarding moderation, otherwise they will probably continue to bleed users.

[-] Steeve@lemmy.ca 1 points 1 year ago

They never really had real moderation to begin with, just random volunteers that they gave way too much power to, which is going to be a big problem when they go public. They'll be under a lot more public and government scrutiny.