genuine question
I dont know where else I can post this, but I want to know how big was the effect that the reddit blackout has done to the company as a whole, did they lost a lot of money? did they lose staff? or what?
because IMO i feel that the blackout only bothered legitimate reddit users searching for important stuff on there (like googleing something and adding reddit at the end)
also here's a jerm
If the site can’t be accessed, it gives a bad look to the site for the general public. They don’t know what its about, only that Reddit is down for some reason, which puts doubt for them in the company. This then will affect their value when they go public, as people will be less likely to invest in a company that seemingly can’t keep their site running smoothly.
See now that you said that, I think the whole thing might have been intentional - to piss off the users and see what's the backlash. If you think of it as an experiment before going public. The whole operation was heavy relying on the users, the content they create and content they moderate - so a lot of the things that they have going on for them is effectively out of their hands. NOW that they did their little coup d'état by replacing the unruly moderators with their own people, they can present their company to the future investors as a lot more stable and future proof for the business. Because let's be honest, the vast majority of people will stay on reddit - only the moderation will change. So they will retain the creators, but will have more control over it.
I disagree. Do not attribute malice to that which equally could be attributed to stupidity.
IMO, if there’s one thing the last few years have shown us, is that the people that hold a lot of power are not quite as smart and “talented” as they would have us believe. This whole reddit fiasco reeks of manbabies that got desperate trying to prove that they could be profitable, and handled their community incredibly poorly.
I 100% agree with you.
But the problem is the bigger crowd in my opinion. It seems no matter how hard they push or try to ruin something good (the people in charge of said services) the crowd/community is still willing to forgive and forget in the name of convenience and because of laziness.
No matter how much Elon Musk tries, Twitter persevere and seems to be doing just fine (if you look at stock prices over time it's actually really solid)
It's probably impossible to put money on the loss that they made because it's probably mostly company's image that took a hit, but still, even that, I don't think there is a lot of damage done. I reckon it's all temporary and in a month or two it will be business as usual - maybe with a couple of thousands users less which is negligible. I think a lot of people that moved to fediverse, as soon as the "new thing" fad will wane, will move back to reddit for it's convenience and amount of content.