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Joined 1 year ago
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Cake day: June 10th, 2023

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  • I would argue that this whole thing will delay or devalue the IPO. Institual investors will look at this rather public fight and question his leadership. And the whole attempt at damage control makes him look bad. The only investors that will look past this fiasco are those who are doing the long play, and even then, they likely won’t want Spez involved.

    From a risk perspective, Reddit has just highlighted it’s biggest risk: the volunteer moderators. The only way Spez will be able to fix that is to replace moderators with AI or paid moderation teams. At an estimated value of $3.4M, and a company that is not profitable, that increases the risk in terms of the business model.

    In general, social media is inherently flawed for profits. The path to monetization is ads and data, and the fact that Spez is now squeezing the users make me think that the value of the data and the ads is not producing the returns to compensate for dumb ideas like the NFT project.








  • I think point two is interesting, but only if the communities choose too. One of the interesting promises of federation is that you can have competing communities with different interests. I can completely see commerical interests hosting a server (e.g the NBA or NFL) that has strong brand identity as a place to interact with stars, and then the un-branded fan sites. IMO, the competition is what makes the Fediverse interesting, and seeing that play out is fascinating.


  • r/subredditdrama would be trending ever day. Any controversial subreddit would be subject to astroturfing campaigns. Could you imagine if a political party decided to over throw mods of r/politics or r/news just before an election?

    The whole point of a Reddit it is a community that is fostered by the moderators and the voting system. Hostile take overs of a subreddit will result in toxicity and encourage heavy handed moderation, restricted membership and make the popular subreddit echo chambers.

    The CEO is changing too much, too fast, and with reckless abandon. You can’t change your pricing model, your business model and your value prop in one go. The best analogy I can come up with that it’s like he’s remodeling the kitchen and decided that a wrecking ball through the front of the house is a good idea.