The man speaking in this clip is Nilay Patel. Hes the Editor in Chief at The Verge.
He also used to be a lawyer before moving to journalism full time. So he knows Bullshit when he sees it.
I used to think that The Verge were just a bunch of Apple zealots who couldn't even do a pc build video properly. They've come along way since then. Reddit would be absolutely insane to try and take on something like The Verge.
Side note , Nilay also has a podcast called Decoder where he interviews the heads of companies to get an idea of how they run and what their goals are. Its a pretty good show and I reccomend it. The one where Nilay takes on the head of Substack was hilarious
Same, their coverage has made me feel way less terrible about all of this. Just knowing someone is out there calling Reddit on their BS makes it easier for me to accept that Reddit is no longer a safe place for me and move on.
For real. My brother is one of those people who is like “they aren’t gonna die from this so why should I care blah blah blah”. He thinks if protesting won’t have the immediate impact that people want then those no reason for it to happen
Can anyone explain to me, please, how is this good (financially) for the reddit investors? I mean, I ran from reddit since I only accessed it from sync. Didn't really care for the 'politics'. Now I get here and see there's a lot more to it than just the shut down of 3rd party apps (which I understood as a financial decision). If money's the motivation for all of this, how is it financially healthy?
If Reddit kills 3rd party apps it can absorb (or at least hope to do so) users of those apps and have complete control over how they access Reddit. Reddit can then feed them more ads, trackers and whatnot, all of which would translate into more revenue for Reddit, which is a net positive for shareholders.
There's also the fact that companies training LLMs would be interested in paying those exorbitant fees to get training data as they likely can afford those fees.
So in short, Reddit likely wants to become a content farm for LLMs. As for the users, Reddit doesn't care given their recent statements. So if some c*cks stay on Reddit, spez will just inundate them with more ads because why not, free money is free money, until everyone leaves.
Third party app users only made up ~3% of total reddit traffic. The revenue potential there is miniscule. It was never about the money, but about control.
Spez here thinking that the content hosting is more important than content generation. Reddit's value to the community or advertisers is a result of the users, not Reddit Inc.
I mean to be fair, I imagine when communities were in blackout things were looking dire. I haven't been to reddit since, but I imagine things are pretty much back to normal? So it's clear he can sort of spit on the reddit userbase how much he wants. People will still come back.
I mean. My account has been a daily driver for the better part of 17 years. The name is original enough that if I went a week or so on an alt I would get requests for takeover from others.
I haven’t been on since it all started. And I won’t close the account. Just let it sit.
We'll no longer comment on hearsay, unsubstantiated claims, or baseless accusations from The Verge. We'll be in touch as corrections are needed.
Setting aside the ridiculousness of this position, the statement also doesn't make sense at face value, right? I think I understand what they're trying to say, but aren't those two sentences in conflict? Isn't getting "in touch as corrections are needed" literally making "comment on hearsay, unsubstantiated claims, or baseless accusations"?