Fuck Reddit
Ultimately fuck capitalism, its capitalisms market forces that drive this behaviour.
you can’t blame every personal comportement to capitalism. it’s to easy.
edit: so you’ll downvote instead of argue. no wonder why blaming is your way to go.
But this thing with the Reddit API is, uh, directly related to capitalism? This isn’t grasping at straws, it’s literally capitalists doing a capitalism.
Like, they’re going “give us a bunch of money, or we’re going to restrict your access to this, because it’s our private property”. At it’s core, that… That’s what capitalism is.
I don’t want to appear more pedantic than I am, but in my book capitalism is all about how to generate and accumulate money from propriety. so it would have been a better move to milk third party app, than to kill them with unrealistic price. ¯_(ツ)_/¯
They’ve been loosing money for 20 years, now they want the IPO so they need to show that they can also make money.
If they’re losing so much money then why do they have 2000 employees?
Capitalism
Yeah weird where are they getting money?
Outside investors – people who gave money in exchange for ownership of the company and its IP. They’re received about 1.3 billion dollars in five or six rounds of funding from external investors. Reddit’s motivation to IPO is to pay off those investors and restructure ownership of the company.
Yup. Investors want free value. They want more than they paid, and unprofitable businesses don’t tend to offer that.
They need to at least look profitable for the short period of time before the IPO, and insinuate that they’ll continue to be after.
undefined> But this thing with the Reddit API is, uh, directly related to capitalism?
No, it’s directly related to management making a terrible and short-sighted decision. Capitalism is a concept, it’s not a person taking action based on a decision. Maybe that decision is, in turn, based on capitalistic ideas, but then the policy isn’t directly related to capitalism and is instead an indirect consequence.
Here, its born of bad problem solving, terrible communication, and inept strategy. Not an intrinsic problem with capitalism.
I don’t blame capitalism for everything (though it is to blame for a surprising amount of stuff) but a private business doing things to optimise it’s bottom line is like capitalism: the basics.
I don’t like the idea to blame a system instead of the people directly responsible for this decision at Reddit. it’s like they are victim of it of capitalism and couldn’t make another decision.
even under capitalism, Reddit could have found another solution. they could have milked third party app by bringing a slightly unfair price. blaming capitalism is too easy and in my book, often used by individuals to distance themself from their own responsibility. like the classic “they are no ethical consumption user capitalism, thus I can consume whatever I want it’s not my fault it’s the system. bad system, bad.”
Reddit is no outlier in the tendency of every commercial internet platform to progressively get worse. This is a universal trend among the VC-backed platforms and software companies which dominate the economic landscape of Silicon Valley.
It is not enough for a Capitalist firm to sustain itself. It must expand. If it is not expanding, it will not receive financing. Investors want to buy a stock for $5 and sell it for $20. They do not want to buy a stock that will sit at $5 forever,
Instead, that finance will go to a competing firm which is expanding, and that competing firm will eventually buy out the small “friendly, good guy” Capitalist. There is an inevitable tendency towards consolidation and monopoly. This is undeniably apparent in the modern landscape of the Internet, where firms like Facebook, Google, Amazon, Microsoft, Twitter, and Reddit, etc have become synonymous with the Internet itself. It is also dreadfully apparent in the Walmartification of the retail economy and corresponding changes to the manufacturing pipelines of consumer products.
When VC firms invest in these unicorn companies, they are expecting the astronomical growth of one to outweigh all the money they piss down the drain on 99 others. Some companies, like Reddit, grow astronomically. Eventually they hit limits though. There is only so much blood you can squeeze from a stone. But harder and harder they will try, to chase an unsustainable rate of profit.
Eventually, the investors begin to see the writing on the wall. The value of the company has reached a plateau, and it is not reasonable to expect it to climb any higher. That is when the time comes for an IPO. It is the opportunity for all these investors to make one final hype campaign and rally the price, so they can dump their stocks on a bunch of suckers just before the company circles the drain.
The only thing which makes Reddit peculiar is that they have started circling the drain a bit too early for these investors to unload. It is a very poorly managed IPO. But it is driven by the same economic imperatives which drive every company to maximize exploitation as well as the new trend which has developed throughout the financialization of the economy where the sustainability of firms doesn’t even matter as long as you know when to collect your chips.
You’re so right.
We can do both.
The reason people aren’t debating you is because it’s clear you don’t know what you’re talking about.
It is the core reason why things are so dysfunctional however. Not that I have another system to recommend.
I am a developer, but I don’t need to review the code of Apollo as I am a user if this software too. And in my opinion it is a very good app much better than Reddit oficial app in functionalities and performance. I hope Christian migrates the app to be compatible with Lemmy 🤞
Christian decided to start dropping receipts before discontinuing the app
That app is closed-source? No wonder I never heard of it. Why do folks subject themselves to closed-source software when there’s open-source software available?
Open source apps are rare on iOS. But this is not even the app, it’s the backend server. There is literally only one instance. It’s as closed source as most websites.
In particular, you need to register with Apple for a developer license to even side-load apps onto the phone. So the only way an open source app can exist on the iPhone is if every end user pays Apple $99 dollars (Has this gone up? It has been >10 years since I even touched iOS dev).
IIRC Apple graciously allows you to sideload apps for free now, they just expire after a week or so making it so you have to constantly reinstall/resign them.
Dude should just open source the app at this point.
It’s like Reddit thinks their app is the most efficient one because they don’t know how to code…
It’s like Reddit thinks their app is the most efficient one because they don’t know how to code…
He didn’t have to do it, no-one except reddit claimed that, because the suits running reddit don’t use the site
Greed will do this, unfortunately…
@Veritas what is Apollo?
The most popular third party reddit app for iOS (Apple) devices.
@poke okay. thank you :-)
