• TherouxSonfeir@lemm.ee
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    8 months ago

    All it takes is people going elsewhere and they are worth nothing. Reddit isn’t like Twitter, where it’s all about you. I came here, have the same conversations, and haven’t even noticed I’m not on Reddit any longer.

    • doingthestuff@lemmy.world
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      8 months ago

      I used to be pretty big into Reddit. I haven’t been back in almost a year except a couple of google search results. I do notice a difference though. There is less diversity in expressed thoughts here. I don’t miss the doomscrolling though, I can run out of new content here and I like that.

      • Gointhefridge@lemm.ee
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        8 months ago

        Also because there is less content its more meaningful. There’s a lot of fluff and garbage on Reddit just so people can get karma.

      • AndyMFK@lemmy.dbzer0.com
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        8 months ago

        Totally in the same boat. Less diversity and less content, but I don’t mind that. I like that I can can run out of content and it’s a nice reminder I’ve probably been on my phone too much and should do something else with my time. Using Lemmy feels healthier than using Reddit.

    • yokonzo@lemmy.world
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      8 months ago

      I have, I’ve noticed. I’ve noticed that I’m no longer screaming out in a sea of people and being ignored or ridiculed. We’re in a smaller pond here and the waters are much clearer

    • ColeSloth@discuss.tchncs.de
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      8 months ago

      I used a great apk on reddit before reddit fucked it over with the api call fiasco. That’s when I moved to lemmy and found an apk called Thunder that is extremely similar. So right now the only real difference for me is the much lower user base, so there’s less “niche” subs/instances. Of course, that will also go away so long as people keep migrating over.

    • MasterHound@lemmy.world
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      8 months ago

      That’s it, it’s just the userbase size. I still unfortunately have to type ‘Reddit’ after any question I throw at a search engine but that is on the useless search engines and not indicative of Reddit being a great platform.

    • hugetechnerd@lemmy.world
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      8 months ago

      I first used Reddit over ten years ago. It was SO much better before the Digg implosion, and Lemmy reminds me of Reddit pre-digg days. Quality over quantity.

  • Grunt4019@lemm.ee
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    8 months ago

    Most people I think see through this, they’re just trying to bring in some bag holders to inflate the share price while they cash out.

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      Yeah I don’t think mods and “power users” that stayed after last year are necessarily against reddit succeeding, just not willing to buy in at a 6.5bil valuation for a company that can’t turn a profit and lost 90+ mil last year and 700+ cumulative. The CEO got 193 mil last year it’s clear where their priorities are. And after the bad will they gained last year burning mods and third party apps it’s not a big surprise many are watching with a big ol’ bucket of popcorn.

      • Yaztromo@lemmy.world
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        8 months ago

        They kicked myself and my entire mod team from r/Canning because we held a vote and our users asked us to shut the community down in protest of their 3rd party app policies.

        Then recently they emailed and messaged me telling me I could get in on the ground floor of buying shares.

        That’s going to be a big resounding “no” from me there u/spez.

        • otp@sh.itjust.works
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          8 months ago

          They emailed me too. Guess I was a power user, because I wasn’t a mod!

          I ignored it. It’s especially egregious because I’m Canadian, and I think it’s for Americans only.

          Since they killed third-party apps, I think I’ve gotten more emails from them than the number of times I’ve signed in. Haven’t even posted a single comment since RIF died.

          • Yaztromo@lemmy.world
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            8 months ago

            Canadian here as well, and no — we can’t participate. Not that it hasn’t stopped them from contacting me several times anyway.

            Unfortunately, even if this IPO crashes and burns the real villains in this story are going to make it out with millions in their pockets.

            • ChunkMcHorkle@lemmy.world
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              8 months ago

              I didn’t know too much about canning before the drama last summer (except that it’s hard physical kitchen labor I’d rather not do), but when I read what was going on it was clear you guys were really holding the line against the continual bombardment of the sub with truly unsafe “hacks” and “shortcuts” and “it never hurt me and I’ve been doing it for years” posts. I am absolutely convinced there are a non-zero number of people who are alive because you stopped them from this stupidity, and the painstaking, precise work you put into sourcing your statements and linking the science was quite impressive even to this total non-canner.

              And then Reddit admin put their scabs in anyway.

              Which is to say that Reddit admin is made of fools. I split in solidarity when the API changes kicked the accessibility users off (the third party app devs were the ONLY folks who cared enough in almost two decades to make Reddit usable for anyone needing accessibility) but afterward, reading about what they did to gut harm reduction in various subs like r/canning just convinced me that I was right to consider them literally conscienceless and take my posting elsewhere.

              Their loss. In so many ways. Glad you’re here on Lemmy too.

              • Yaztromo@lemmy.world
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                8 months ago

                Canning can be zen — with a bit of practice it’s not that difficult, and it’s often easy to find someone who is willing to help out. I’m often canning with friends or family — and it’s often as easy as throwing the right ingredients into a pot, bringing them to a boil, ladling it into prepared jars, and letting them sit in the pot.

                As we built up the community, dealing with the “tide of crap” did get easier for us as moderators — we had a good core community of regular users who would quickly flag things that were dangerous, and with an automod rule to auto-remove posts with 5 such reports meant that we were often able to moderate posts of concern while they were private. But it took work to build up the community to the point where it was self-policing. I’m hoping that resiliency we tried to build up has continued to keep the community safe.

                Glad to be here on Lemmy as well. Online discussion boards have been my bread and butter since the grand old BBS days of the mid-80s.

          • eronth@lemmy.world
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            8 months ago

            They must have an insane definition of power user, because I got one too and I’m absolutely not a power user. Maybe longtime active users got the email as well?

            • otp@sh.itjust.works
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              8 months ago

              Account age + recent activity might be one threshold, though I didn’t get one for my mostly abandoned/much older account.

              It might’ve also been karma, which I had a lot of. But I’ll admit that I was probably a “power user” before the API changes, lol

        • Gork@lemm.ee
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          8 months ago

          Are you saying that they… canned you?

          Sorry I couldn’t resist.

          • Yaztromo@lemmy.world
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            8 months ago

            You’re not the first to have noted that — but it remains funny, so we’re good 🤣.

        • eric@lemmy.world
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          8 months ago

          Ha they sent me the same message, and while I was not booted as a mod, I led the protest effort in a few subs that I modded in and helped out over in Save3rdPartyApps. I didn’t delete my account, just went silent after resigning when other mods got cold feet as soon as it started to get real.

          • Yaztromo@lemmy.world
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            8 months ago

            Yeah, you may have seen some of my posts from the time on r/Save3rdPartyApps and/or r/ModCoord. I was one of the few pretty vocal that we had to hold the line, and that a simple two week blackout wasn’t going to be effective. I knew they’d either be forced to capitulate or kick me out as the head moderator or r/Canning — and wasn’t surprised after most of the other mods chickened out that they did just that.

            I wasn’t about to chicken out — the worst they could do is remove from me the privilege of working for them for free. My entire personality and self-worth wasn’t tied to being a Reddit moderator.

        • return2ozma@lemmy.worldOP
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          8 months ago

          I got the offer too even though I left in June. 2 million karma, 11 year user. F SPEZ.

          • protist@mander.xyz
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            8 months ago

            I also left in June, and also got the offer. My karma was in the low 6 figures and I had been on for like 5 or 6 years. Honestly, a low bar

          • Yaztromo@lemmy.world
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            8 months ago

            I’m still technically a moderator elsewhere, but I haven’t been active since June (no posts, no moderation, no messages). It’s an artifact of being one of the approved contributors on r/AskScience — they delegate a controlled set of moderator powers to anyone in their Panel Plus programme.

            • samus12345@lemmy.world
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              8 months ago

              While I was going through deleting old messages (that were missed by the auto-deleting program), I noticed I had a 5-year-old message inviting me to be a mod on a tiny little sub. I clicked accept for the hell of it and it was still valid! So I guess I’m technically landed gentry?

          • DABDA@lemm.ee
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            8 months ago

            I gotta ask, why are you rockin’ a Snoo avatar? Even if you still have love for the company but just hate Spez any advertisement/endorsement of it now benefits him.

          • Yaztromo@lemmy.world
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            8 months ago

            I’m glad people think so — we really wanted to help build an online community of people who could share their joy of home canning, where safety and adhering to the best scientific principles was respected. The most gratifying results were when we would hear from some new canner who were able to get over some fears they had around safety and completed their first successful canning project.

            I haven’t been back to check on the situation since we got the boot, but I hope for the sake of the community there are still people there keeping to this credo. A jar of food just isn’t something worth getting sick (or worse!) over.

          • Yaztromo@lemmy.world
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            8 months ago

            My experience modding r/Canning burnt me out on online canning forums. There is a ton of unsafe information out there, and so I just got out of online canning discussions altogether.

            There was a Lemmy instance out there that was intended to revolve around self sufficiency that offered me moderation rights to their canning forum, but that instance didn’t really take off, nobody ever posted to their canning community, and the instance went offline several months ago.

            I still can — but I don’t participate in any online canning communities, so I’m not sure what’s trustworthy out there right now.

      • stealth_cookies@lemmy.ca
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        8 months ago

        I don’t think that they looked at activity in the past year. They just sent them out in waves based on total karma. I’ve barely been active and not eligible to participate and still got the emails.

      • Mordiken@lemmy.world
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        8 months ago

        Yeah I don’t think mods and “power users” that stayed after last year are necessarily against reddit succeeding, just not willing to buy in at a 6.5bil valuation for a company that can’t turn a profit and lost 90+ mil last year and 700+ cumulative.

        I got the invite but didn’t do anything about it because:

        1. I assumed the invite had been sent to just about everyone;

        2. I like going there, but not enough to give them money… Or disable my adblock… Or switch to the accursed “modern layout”…

        Come to think of it, I don’t like reddit at all, Just the communities that exist there.

        • kamenLady.@lemmy.world
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          8 months ago

          Reddit, the company vs. Reddit, the community.

          Not an iconic duo… They couldn’t be more different from one another in their goals.

          There’s nothing against wanting to make profit of something you own. The way they are forcing through it though. They were just fine with blocking 3rd party apps, in order to not lose on the opportunity to sell the access, because suddenly AI’s hunger to be trained was sucking all the community’s content for free,

          I think that they didn’t even lose a thought about the consequences of suddenly charging an absurd amount of money to get API access. They way they handled it, made obvious that they don’t give a flying fuck.

          An established and beloved way of using Reddit, lots of refined apps, being constantly updated over the years. The very apps that enabled a good experience on mobile, specially for mods, enabling people to create that very content they are selling now.

          It’s disrespectful and just bad taste, but not unexpected from a pos like ^fuck Spez tbh

        • samus12345@lemmy.world
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          8 months ago

          I don’t have money to invest anyway, but even if I were a billionaire, there’s no way in hell I’d invest in reddit. It’s never turned a profit, why would anyone ever invest in it?

      • Nomecks@lemmy.ca
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        8 months ago

        He didn’t get 190 mil. He got 190 mil of stock at that stupid valuation. He got paid like 300k cash. Spez gets nothing if the IPO is an albatross

      • givesomefucks@lemmy.world
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        8 months ago

        for a company that can’t turn a profit and lost 90+ mil last year and 700+ cumulative. The CEO got 193 mil last year

        A private company doesn’t really need to turn a profit…

        Even publicly traded companies just need to do it because it effects shareholder price.

        With tax shenanigans, it’s often better for a private company to never turn a profit.

        If profit was important, they could have just paid the CEO 100 million and turned a 3 million profit.

    • Altima NEO@lemmy.zip
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      8 months ago

      Yeah, I’ve said the same. The fact that they’re aiming for users with high karma means that really think they’re suckers.

  • HootinNHollerin@lemmy.world
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    8 months ago

    They’re gonna link your account to your identity and then your data will be worth a lot more in a sale. Fuck that shit

  • exanime@lemmy.today
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    8 months ago

    When even the people that work for Reddit, for free, don’t want to buy your bs stonk

  • SeaJ@lemm.ee
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    8 months ago

    Not sure I would call myself a power user. While I did have a few posts over 50k, I was not exactly creating a ton of content. Still got an email though and decided against investing.

    • protist@mander.xyz
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      8 months ago

      My few posts were almost exclusively in my local sub and plant identification, I never had a post crack 1000. Almost all my karma came from comments. Since I also got the offer, I’m guessing the bar was set very low

      • kautau@lemmy.world
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        Yep, same, think I had 65k karma, mostly from comments, got an email, also balked

      • CALIGVLA@lemmy.dbzer0.com
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        8 months ago

        Huh, I thought everyone received the email. Never made a single post on Reddit, only ever commented and still got the thing.

        • VindictiveJudge@lemmy.world
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          I think everyone got it out eventually, but I know they rolled it out in stages based on total karma. The more karma you had, the earlier you got the IPO email. And they didn’t distinguish between post and comment karma. I had almost no post karma, but 402k comment karma (mostly from account age), so I got emailed pretty early.

    • Altima NEO@lemmy.zip
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      Similar story, though I had over 100,000 karma, I never made any posts. It was all comment karma. I got invitations on both my accounts, even though ones been retired for years and the other I stopped using after the bullshit last year.

    • BothsidesistFraud@lemmy.world
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      8 months ago

      Right, why would I bother with the reddit IPO? IPO pricing is all over the place. If I want it - I don’t - I’ll buy it day 1.

  • anarchyrabbit@lemmy.world
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    8 months ago

    Rather take your money to the casino kids. I think the reddit IPO will crash and burn. Not only because spez is a total fucking tool destroying the platform. But the reddit model will be tough to be a booming profitable business. All they really have is add revenue and users will start seeing through the smoke and mirrors no matter how hard they try to disguise them as normal posts. We have already seen this type of manoeuvre is not easy with Twitter.

    • JackFrostNCola@lemmy.world
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      8 months ago

      Yes ads revenue itself but also Data. Lots and lots of data to sell to advertisers to build profiles on what people are into and how they interact with following their hobbies and interests across subreddits.
      But i agree that theres not too far to go after that.

  • ccunning@lemmy.world
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    8 months ago

    I initially thought I might participate in the IPO. I’m still not over what /u/spez did last year but I justified it the same way I ever bet AGAINST my favorite sports teams. That way if they lose there would is still an upside. I don’t think Reddit will be a great investment. But if they are, hey, at least there’s some money in my pocket.

    This would have been my first IPO. And what made me finally decide against participating was the recognition that buying into an IPO, unlike regular stock trading, is actually putting money directly into the company’s pockets.

    Fuck that; fuck them; and especially fuck /u/spez.

    • GregorGizeh@lemmy.zip
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      8 months ago

      I read a pretty brutal analysis by a financial expert on some business magazine site. My biggest takeaways were:

      • new shares get 1 vote per share, existing shareholders 10 per share
      • under the rules they are doing the ipo they can skip providing solid numbers for the last years, and are unbound by board opinion on how much money can go into executive compensation and golden parachute packages.

      Now I’m not an investor at all but this rings so many grift alarm bells I don’t understand why anyone would buy that shit. Seems like a completely dubious investment set up to pay out spez and then collapse.

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        Seems like a completely dubious investment set up to pay out spez and then collapse.

        Are they trying to hide this intention?

    • treadful@lemmy.zip
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      I like dabbling in IPOs (read: gambling). IPOs are almost always a bad call for regular investors. The value almost never goes up immediately after sale unless the company somehow all of a sudden has demand from a ton of investors of all sizes. And a company that can’t turn a profit isn’t likely to be that.

      So, if you do want to buy in because you see them doing good in the long run, maybe wait a month for the price to settle, then get in.

  • kingthrillgore@lemmy.ml
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    8 months ago

    Of course they would. They have first hand experience with how reddit has been mismanaged by spez into oblivion.

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    8 months ago

    Unsurprisingly the people who have had to deal with Reddit’s leadership for years don’t trust them. Shocking. That said I could see a lot of Redditors still buying in, just out of fear that they might miss out on the next big “get-rich-quick” opportunity.

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    8 months ago

    I deleted every comment and post I had made and then deleted my account when they locked out Apollo. But it sounds like I missed out on getting the secret email and making the investment of a lifetime! /s 

    • Th3D3k0y@lemmy.world
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      I didn’t realize I should have deleted my posts before my account. So they get to keep my stupid one-line asinine comments I made

      • 🦄🦄🦄@feddit.de
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        Don’t worry, they got to keep them anyways. There is zero reason to believe that comments and posts that were “deleted” by their creator actually vanished from reddits database and didn’t just have a little “show public” set to “false” instead.

        • WildPalmTree@lemmy.world
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          At least for EU residents, they are legally obliged to show what data they have on you and let you delete it. Should show well enough if they keep data for other non-EU people. At least if it turns out deleted content is still retained.

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              8 months ago

              Are you sure? Not saying you are wrong, I’ve just never heard about that or thought about it in those ways. Either way, in this scenarios it’s not really public any more, is it?

        • dual_sport_dork 🐧🗡️@lemmy.world
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          This has been harped on before, but the last time we were allowed to view reddit’s source code, I believe it was determined that deleted comments still exist and are hidden as you suggest but edited comments are overwritten with their new contents.

          This is why I used Redact to overwrite all of my comments and posts with nonsense rather than delete them.

        • tmyakal@lemm.ee
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          That’s why the move is to edit all of your comments into jumbled nonsense and then delete them.

          • EdibleFriend@lemmy.world
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            They can restore them if they want. A guy here was a kind of big user in some tech support sub. He didn’t just delete…he used one of those account scrubbers to edit over all his comments a few times before nuking his account. Went back to look a few weeks later and all his answers were back.

            They don’t do this with everyone because most people aren’t important to making a sub look useful and attractive but…yeah. They have everything we all ever said stored.

          • Buddahriffic@lemmy.world
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            There is zero reason to believe the edit function replaces the previous post text in the database instead of just updating the posts pointer to the new text. Or maybe it would be more optimized to save the old text somewhere new. Editing posts might piss off mods, but I wouldn’t be surprised if the admins don’t care.

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              I was in the process of deleting everything, 600k karma over seven years, and my account got permabanned. I don’t think Reddit is taking too kindly to their AI info being messed with.

          • Alien Nathan Edward@lemm.ee
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            8 months ago

            I’ve built data entity versioning/audit systems for web apps. Your comments can be undeleted, unedited, basically restored to any point in their lifetime by anyone with the appropriate access.

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    I appreciated the article. Apparently not lost on the writer was the quote from the mod of r/Equestrian which was almost entirely obscure horse puns.

    Only on the last line did he manage to reign himself in.

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    Reddit doesn’t function like a real business (i.e. most of the work is unpaid volunteers, users and especially mods). There’s no genuine site-wide code of ethics beyond what will actually get them criminal charges. The written rules don’t matter - many moderators are unpaid bullies who permaban if their feelings are hurt and ignore questionable content they agree with. That system of banning users based on opinion kills discussion of “unapproved” views and sorts people into forums where their favorite opinions (and often outright hatreds) are popular. Loathe a particular race/gender/political ideology etc? Just find a subreddit where the mods agree and you’ll be fine saying some truly terrible stuff. Read the bloodthirsty posts on r/worldnews and tell me if the site-wide rules on not promoting violence or racism apply. For these reasons and more I don’t think anyone should be buying into their IPO because they aren’t a reliable business.

    I don’t know if Lemmy is different because I’ve been here for less than a month, but at least here it feels like you can have different opinions and the worst that happens is you eat downvotes. Plus a lot of the really unethical takes are usually checked pretty hard in my (limited) experience by the users, which doesn’t happen when the only other voices are basically guaranteed to agree with you (a la most of Reddit).

    The rest of this is just my Reddit survivor tale so if you don’t care stop here. I got invited to the IPO on the same week I got a 3-day site-wide ban after appealing a subreddit permaban for a fairly popular comment that the US should stop funding Israel and give the money to Ukraine (on a post about how the US is having trouble finding money for Ukraine). In those words, no hate speech or racism etc. When I asked why I was banned I got a 4-word insult as the only communication back. I’m not usually a conspiracy theorist, but it sure felt like I was being deliberately censored/punished for high-ish profile “dangerous” anti-Israeli opinion. May not be the case, but it was my first site-wide ban ever for a comment that broke no written rules.

    My Reddit account is 13 years old and in 2023 I think I made about 100k karma, primarily with comments about history, education, and in one case a post about how awesome sperm whales are. My experience mirrors what I’ve read happens to others enough that Reddit has lost my participation (I’ve only posted 2x in the last 3 months, down from a few times daily) and my faith. I only go back to check on specialist communities (video game tips etc) and almost never participate anymore. Frankly I hope it either changes to allow for discussion or dies.

    • magnetosphere@fedia.io
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      8 months ago

      I was targeted by someone pathetic whose feelings were hurt (knowing me, it was a remark about how MAGA folks are idiotic hypocrites). They dug through my post history, and reported a comment I’d made months before about how someone needed a slap in the head. They reported it, and I was banned for “promoting violence”.

      It wasn’t a permaban, but as far as I was concerned, it may as well have been. My account had been active for years, and I’d never been banned before. I felt let down that the mods had been fooled by such a stupid, obvious trick. Fortunately, a few weeks later, spez pissed everyone off and a lot of people left anyway.

      Plus, I have the knowledge that I annoyed some troll SO MUCH that they read through months of my comments looking for something to report. Heh heh heh.

      • JoeCoT@fedia.io
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        8 months ago

        The fact that reddit cares is mostly used for harassment told me all I needed to know about how they’re handling their community.

      • Altima NEO@lemmy.zip
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        8 months ago

        I got a similar report about “promoting violence” over a comment I made suggesting someone take a long nap. Meanwhile there were comments literally calling for violence that just get straight up ignored.

  • skozzii@lemmy.ca
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    8 months ago

    It wouldn’t very smart to buy shares on a stock I plan to short the hell out of.

  • ChonkyOwlbear@lemmy.world
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    8 months ago

    I got the email. No way in hell I’m throwing my money into that hole. I left with the API changes and haven’t looked back. Part of what made Reddit successful is it was user-centered. Chasing profit has only made Reddit worse. Going public will accelerate that exponentially. I give it 6 months tops before they start deleting subs, particularly porn ones, because advertisers complain.