• FartSmarter@lemmy.world
      link
      fedilink
      arrow-up
      109
      arrow-down
      6
      ·
      1 year ago

      “Oh no, anyways…”

      Says the Reddit execs as they show off their numbers to VCs as they prepare for their IPO

      • NevermindNoMind@lemmy.world
        link
        fedilink
        arrow-up
        31
        ·
        1 year ago

        Investors care about the potential for future growth and thus future increased profits. They don’t give a shit about what a company is doing today, except to the extent it is predictive of the future. Investors look at this and see lots of activity of users who actively hate the company, that’s not future growth.

        To take an unfortunate example, imagine if Bud Light had a bump in sales because a bunch of right wing lunatics were buying extra just so they could make videos of them throwing away, shooting, blowing up, or otherwise destroying the beer while vowing never to drink it again. Does an investor look at that bump in sales and say “oh neat, look how well Bud Light is doing, I should invest!” or do they say “A lot of Bud Light’s core consumer base is pissed as hell and probably not going to be buying this product in the future, there is limited potential for future growth, I’m out”?

        • graphite@lemmy.world
          link
          fedilink
          arrow-up
          22
          arrow-down
          5
          ·
          1 year ago

          They don’t give a shit about what a company is doing today, except to the extent it is predictive of the future. Investors look at this and see lots of activity of users who actively hate the company, that’s not future growth

          Yes. And if you look at Reddit today, it’s still alive and full of buzz.

          The third-party app userbase was a small percentage of the site.

          Most people are indifferent and so they keep using it.

            • VisualCicada@lemmy.ml
              link
              fedilink
              arrow-up
              6
              ·
              1 year ago

              There are magnitudes more OC on Reddit than Lemmy just by nature of their user base size. There are bots and reposts, sure, but Lemmy pales in comparison to the amount of OC on Reddit

            • graphite@lemmy.world
              link
              fedilink
              arrow-up
              6
              arrow-down
              4
              ·
              1 year ago

              There’s actually plenty of user activity there.

              Enough to make the outrage negligble.

        • FartSmarter@lemmy.world
          link
          fedilink
          arrow-up
          15
          ·
          1 year ago

          You say investors see lots of active users who actively hate the site and don’t see future growth.

          I think they see a lot of users who say they hate the site but despite that they still use the site and the numbers continue to grow. To me that sounds like a dependent user base that even through hard times continues to grow.

      • manicvelocity@lemmy.world
        link
        fedilink
        arrow-up
        4
        arrow-down
        1
        ·
        edit-2
        1 year ago

        Precisely this.

        C-suite cares about one thing: “Number go up”

        They do not give a shit why people are still on reddit. They look at the site traffic analytics and as long as the numbers are going up, they think they’re doing the right thing. Your mere presence on the site is only seen as opportunity for them to squeeze out more ad revenue.

        “But I don’t click on the ads!”

        They don’t care about that either! Every time an ad appears on your screen, that gets recorded as a data point in their analytics, regardless of whether or not you interact with it.

        They just want to see the numbers go up. They don’t care how it happens, as long as it happens.

        If you want to hit them where it hurts, stop engaging with the site.

    • graphite@lemmy.world
      link
      fedilink
      arrow-up
      23
      arrow-down
      2
      ·
      edit-2
      1 year ago

      They don’t care. You’re not even bed bugs to these people. You’re just the siren that’s heard 20 blocks away downtown at 10 pm.

      No biggie. Par of the course.

    • samsy@feddit.de
      link
      fedilink
      arrow-up
      6
      ·
      1 year ago

      The black hole? Do your homework, it’s the void.

      Btw. Why just “fuckspez” the Lemmy mascot would be better.

    • FartSmarter@lemmy.world
      link
      fedilink
      arrow-up
      5
      ·
      1 year ago

      “Oh no, anyways…”

      Says the Reddit execs as they show off their numbers to VCs as they prepare for their IPO

    • dtxer@lemmy.world
      link
      fedilink
      arrow-up
      1
      ·
      1 year ago

      Yes, they ban moderators in the full knowledge in reducing the quality and well behavedness of users and to increase traffic by upset people. This is exactly what they want: upset people = engagement. This how Twitter works or maybe used to work, I didn’t follow the recent changes too closely.