Yeah, I’ve said the same. The fact that they’re aiming for users with high karma means that really think they’re suckers.
Comment on Reddit power users balk at chance to participate in IPO as Wall Street debut nears
Grunt4019@lemm.ee 6 months ago
Most people I think see through this, they’re just trying to bring in some bag holders to inflate the share price while they cash out.
altima_neo@lemmy.zip 6 months ago
whotookkarl@lemmy.world 6 months ago
Yeah I don’t think mods and “power users” that stayed after last year are necessarily against reddit succeeding, just not willing to buy in at a 6.5bil valuation for a company that can’t turn a profit and lost 90+ mil last year and 700+ cumulative. And after the bad will they gained last year burning mods and third party apps it’s not a big surprise many are watching with a big ol’ bucket of popcorn.
Yaztromo@lemmy.world 6 months ago
They kicked myself and my entire mod team from r/Canning because we held a vote and our users asked us to shut the community down in protest of their 3rd party app policies.
Then recently they emailed and messaged me telling me I could get in on the ground floor of buying shares.
That’s going to be a big resounding “no” from me there u/spez.
Gork@lemm.ee 6 months ago
Are you saying that they… canned you?
Sorry I couldn’t resist.
Yaztromo@lemmy.world 6 months ago
You’re not the first to have noted that — but it remains funny, so we’re good 🤣.
otp@sh.itjust.works 6 months ago
They emailed me too. Guess I was a power user, because I wasn’t a mod!
I ignored it. It’s especially egregious because I’m Canadian, and I think it’s for Americans only.
Since they killed third-party apps, I think I’ve gotten more emails from them than the number of times I’ve signed in. Haven’t even posted a single comment since RIF died.
Yaztromo@lemmy.world 6 months ago
Canadian here as well, and no — we can’t participate. Not that it hasn’t stopped them from contacting me several times anyway.
Unfortunately, even if this IPO crashes and burns the real villains in this story are going to make it out with millions in their pockets.
ulemmyagain@lemmy.world 6 months ago
RIP RIF
ericisshort@lemmy.world 6 months ago
Ha they sent me the same message, and while I was not booted as a. I’d, I led the protest effort in a few subs that I modded in and helped out over in Save3rdPartyApps. I didn’t delete my account, just went silent after resigning when other mods got cold feet as soon as it started to get real.
Yaztromo@lemmy.world 6 months ago
Yeah, you may have seen some of my posts from the time on r/Save3rdPartyApps and/or r/ModCoord. I was one of the few pretty vocal that we had to hold the line, and that a simple two week blackout wasn’t going to be effective. I knew they’d either be forced to capitulate or kick me out as the head moderator or r/Canning — and wasn’t surprised after most of the other mods chickened out that they did just that.
I wasn’t about to chicken out — the worst they could do is remove from me the privilege of working for them for free. My entire personality and self-worth wasn’t tied to being a Reddit moderator.
return2ozma@lemmy.world 6 months ago
I got the offer too even though I left in June. 2 million karma, 11 year user. F SPEZ.
protist@mander.xyz 6 months ago
I also left in June, and also got the offer. My karma was in the low 6 figures and I had been on for like 5 or 6 years. Honestly, a low bar
Yaztromo@lemmy.world 6 months ago
I’m still technically a moderator elsewhere, but I haven’t been active since June (no posts, no moderation, no messages). It’s an artifact of being one of the approved contributors on r/AskScience — they delegate a controlled set of moderator powers to anyone in their Panel Plus programme.
Atropos@lemmy.world 6 months ago
Any canning related communities you can recommend now that you are over here?
Yaztromo@lemmy.world 6 months ago
My experience modding r/Canning burnt me out on online canning forums. There is a ton of unsafe information out there, and so I just got out of online canning discussions altogether.
There was a Lemmy instance out there that was intended to revolve around self sufficiency that offered me moderation rights to their canning forum, but that instance didn’t really take off, nobody ever posted to their canning community, and the instance went offline several months ago.
I still can — but I don’t participate in any online canning communities, so I’m not sure what’s trustworthy out there right now.
Mordiken@lemmy.world 6 months ago
I got the invite but didn’t do anything about it because:
I assumed the invite had been sent to just about everyone;
I like going there, but not enough to give them money… Or disable my adblock… Or switch to the accursed “modern layout”…
Come to think of it, I don’t like reddit at all, Just the communities that exist there.
kamenlady@lemmy.world 6 months ago
Reddit, the company vs. Reddit, the community.
Not an iconic duo… They couldn’t be more different from one another in their goals.
There’s nothing against wanting to make profit of something you own. The way they are forcing through it though. They were just fine with blocking 3rd party apps, in order to not lose on the opportunity to sell the access, because suddenly AI’s hunger to be trained was sucking all the community’s content for free,
I think that they didn’t even lose a thought about the consequences of suddenly charging and absurd amount of money to get API access. They way they handled it, made obvious that they don’t give a flying fuck.
An established and beloved way of using Reddit, lots of refined apps, being constantly updated over the years. The very apps that enabled a good experience on mobile, specially for mods, enabling people to create that very content they are selling now.
It’s disrespectful and just bad taste, but not unexpected from a pos like ^fuck Spez tbh
stealth_cookies@lemmy.ca 6 months ago
I don’t think that they looked at activity in the past year. They just sent them out in waves based on total karma. I’ve barely been active and not eligible to participate and still got the emails.
kent_eh@lemmy.ca 6 months ago
Same.
APassenger@lemmy.world 6 months ago
“Popcorn tastes good.”
Nomecks@lemmy.ca 6 months ago
He didn’t get 190 mil. He got 190 mil of stock at that stupid valuation. He got paid like 300k cash. Spez gets nothing if the IPO is an albatross
givesomefucks@lemmy.world 6 months ago
A private company doesn’t really need to turn a profit…
Even publicly traded companies just need to do it because it effects shareholder price.
With tax shenanigans, it’s often better for a private company to never turn a profit.
If profit was important, they could have just paid the CEO 100 million and turned a 3 million profit.