Reddit Was Fun

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Memorial to "rif is fun for Reddit" Android app, aka "reddit is fun", shut down after June 30, 2023

founded 1 year ago

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Do you think reddit will survive this? (self.redditwasfun)

submitted 1 year ago by Tandybaum to c/redditwasfun

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Will they go the way of MySpace or will this truly blow over in a few week?

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[–] thesdo 7 points 1 year ago (1 children)

It's truly a mystery to me how the Reddit execs, investors, and board of directors think that these changes, and the way they've been rolled out, will be good for the long-term health and prosperity of the company. Even short term with an IPO on the horizon, none of this makes any sense. Maybe I just don't understand the nuances of company valuations, IPO's, executive pay, etc., but I don't see how this move makes anything better for anyone involved. I could at least understand them shitting on the mods, communities, and apps if it meant a better payday for the investors and execs (it would be selfish and lousy, but at least I could understand it). I don't understand the wisdom of this in the slightest.

[–] Tandybaum 1 points 1 year ago

The problem is that Reddit users are generally pretty savvy. They know how ad block works and they know not to click to dumb links. This is bad for investors.