Sordid

Worse, we're throwing piles of money at them.

The free work Reddit moderators do has been valued at $3.4 million annually

That seems an extremely conservative estimate to me. The linked article says:

The team recorded the work done to keep 126 subreddits moderated for an average of 142 days, and analysed automated logs generated whenever the 900 human moderators took an action.

In total, more than 800,000 actions were recorded. Some actions contained full timestamps of when work began and ended; others only contained a single timestamp – for removing a post, say – and so the time taken was estimated at what the researchers believe is a lower bound.

The median amount of time any individual spent working daily is 10 seconds, but the top 10 per cent of moderators spent between 3 and 40 minutes working for Reddit. Two in every three actions were taken by the top 10 per cent of moderators.

There's a major problem with this methodology, which is the assumption that a moderator is not working unless they're taking an action. But that's not the case, is it? Sitting around keeping an eye on things and not doing anything because no action is currently required is still work! Just like a security guard. You pay them for all of the 8 hours they spend watching your stuff every day, not just for the thirty seconds a month spent actually apprehending thieves.

According to this Reddit post, there were over 70K moderators on Reddit six years ago. Even if they were only paid the US minimum wage of $7.25 per hour and each of them on average only spent fifteen minutes a day keeping an eye on things, it would still cost Reddit almost fifty million dollars annually. And that's based on a number that's six years old, which is certain to have grown a lot since then.

So yeah, Reddit is benefiting from free labor a lot.

As does Steam and Epic and every other digital store ever created.

Reddit would implode instantly with only 2K moderators. According to this Reddit post, six years ago there were almost 75K moderators working in subreddits with more than 500 subscribers (i.e. this number only includes moderators who actually have to do some work because their subs are decently active). That number is certain to have grown since then.

Right? How the hell is a company that has never managed to turn a profit worth more than $0?

it’s considered common knowledge that you can’t

I've never heard that before. What I have heard several times is that text is not static, so if you read something, look away, and then read it again, it'll say something different. That I can corroborate, along with the idea that this is how you realize you're in a dream and induce lucid dreaming.

I have a sinking feeling he might have made a mistake.

Talking is not going to get them to leave Ukraine.

Replaying old games that I have fond memories of. We're in an incredible renaissance of classic games getting source ports or updates that bring them up to modern standards, and I'm loving it. Daggerfall, Blade of Darkness, Jagged Alliance 2, Morrowind, Jedi Knight, Caesar 3... I'm sure I'm forgetting some many. They let me forget the present and pretend that I'm back in simpler, happier times, at least for a little while.

History repeats itself. The fediverse is going to go downhill too once it gets big enough for corporations to notice it. Enjoy it while it lasts.

Grand Heft Auto: An exciting simulator of the daily routine of a weighbridge operator.

Reaction emojis that you have to pay Reddit money for.

I get that, but who would want to buy a company that's never been profitable? It smacks of a scam. "Hey, bro! Buy my company! It never managed to make any money for me, but it'll be highly profitable for you!" Sounds like the company founder is looking to pull a fast one and laugh all the way to the bank while their investor is left holding the bag.

The only way I can see this working is if the idea is to build a large user base by offering a good user experience, i.e. not monetizing the platform very much, just enough so that it barely pays for its own operating costs. Then you sell that user base to someone else for the express purpose of shoving tons of ads down everyone's throat. In that case it's still a fast one, only in this scenario the users are the victims. But even then I'm skeptical. If that's the plan, why sell the company instead of enshittifying your platform yourself?

Welcome to capitalism. The technical term for benefiting from something that someone else paid for is cost externalization.

The fact that Reddit has never managed to turn a profit despite receiving an annual subsidy of (at the very least) tens of millions of dollars in the form of free labor really says something about the competence of its leadership, doesn't it.

"Well of course I know him. He's me."

Two Worlds 2. You can create your own spells by combining different elements, effects, and modifiers. Among other things, this allows you to summon a rain of anvils and then form them into a vortex around yourself.

Both! Critically, the contents of box B depend on the machine's prediction, not on whether it was correct or not (i.e. not on your subsequent choice). So it's effectively a 50/50 coin toss and irrelevant to the decision-making process. Let's break down the possibilities:

Machine predicts I take B only, box B contains $1B:

• I take B only - I get $1B.
• I take both - I get $1.001B

Machine predicts I take both, box B is empty:

• I take B only - I get nothing.
• I take both - I get $1M.

Regardless of what the machine predicts, taking both boxes produces a better result than taking only B. The question can be restated as "Do you take $1M plus a chance to win $1B or would you prefer $0 plus the same chance to win $1B?", in which case the answer becomes intuitively obvious.

Depends. Do I need to win or is a draw an acceptable outcome? If it's the latter, the blue whale. What's it gonna do, beach itself?

Sure, but it'll be the same story all over again. The big platform will be ruined and the alternative option will be smaller and therefore not as good (since user base directly contributes to quality when it comes to community-based platforms; it's the users who post all the content, so fewer users = less content).

Well if instances keep defederating each other, it does matter. Plus there's the question of stability. Sure, you could make your account on some tiny niche instance, but what if the guy running it decides he's had enough and terminates it? What happens to your account, your post history?

Eh, Starsector is a very different kind of game. And I don't just mean the fact that it's top-down 2D, it's much more of a management game. Freelancer is very aptly named - you're just one guy in one space fighter doing your thing. It's a space shooter first and foremost. If you try to play Starsector that way, you're going to hit an impenetrable wall very quickly. You need a fleet, and the larger your fleet, the less significant your own personal contributions in battle. But the game also limits your ability to command your fleet pretty severely, so the further you progress, the more your agency shrinks to just moving around on the map between combat encounters that mostly play themselves. I can't recommend Starsector to... well, anyone, to be honest.

If the company can be made profitable, why isn't it? Why wouldn't the current owner rake in some profits before selling? Surely a company that is already profitable would be even more attractive for buyers.

No information regarding the machine's accuracy is provided, but the fact that you are asked to make a choice implies that it is not perfect. The question explicitly specifies that the prediction has already been made and the contents of box B have already been set. You can't retroactively change the past and make the money appear or disappear by making a decision, so if your choice must match the prediction, then it's not your choice at all. You lack free will, and the decision has already been made for you by the machine. In that case the entire question is meaningless.

it's a lot easier to find someone who thinks they can do it than it is to actually successfully do it yourself

That's pretty much what I said, though. That's the core of the scam. You sell something you know to be worthless to someone too ignorant to understand that. Maybe I'm just extremely ignorant and naive in matters of business, but selling a fake company like that seems no different than selling pyrite to someone who can't tell it apart from gold.