I assume someone’s deleting critical news articles there, or having bot armies downvote them. On Kbin and Lemmy and Squabbles, even on Google News, I see Reddit’s woes front and center.

    • ImplyingImplications
      14·
      1 year ago

      Seems to be the way CEOs do it nowadays. A friend of mine works in tech and heard about her company downsizing after the CEO announced it to the media. Absolutely zero communication with the company’s staff before hand.

    • BakoBitz@kbin.socialOP
      5·
      1 year ago

      @hiyaaaaa23 It’s because he’s only worried about broader public perception, not the opinions of his own users (except insofar as those impact that public perception). So he goes to the mainstream news media, especially after seeing he didn’t have any talent for engaging with the Reddit community in that AMA. The dude’s worried about his IPO, and he should be.

      • dismalnow@kbin.social
        5·
        1 year ago

        @BakoBitz

        @hiyaaaaa23

        There was a pretty nasty article on Reuters which I would consider a nail in the IPO’s coffin.

        Emphasis mine:

        Thousands of moderators overseeing the site’s so-called subreddits are on strike. It’s a wrinkle in Reddit’s plan to go public, and a sign that plan is premature.

        When Reuters says that, it means that everyone else knows their schedule to IPO (at minimum) is dead in the water unless they want to have the most laughable initial offering in history.

        Long-term, their ability to recover from this seems mostly dependent upon the power users who moderate, and generate meaningful content’s willingness to stick around.

        Those who remain indifferent are unlikely to fall within the group specified above.

    • _number8_@lemmy.world
      4·
      1 year ago

      tells you a lot. he considers himself far above us

      i wonder how he’d feel if some rich fucks decided to destroy his hobbies and any passion he felt for them

      • dismalnow@kbin.social
        3·
        1 year ago

        @_number8_

        @BakoBitz @hiyaaaaa23

        The world through spez’s dead eyes:

        Spez is the King, appointed by God (the board). The mods are landed gentry, who rule small fiefdoms (subreddits) at the pleasure of the King. The King doesn’t pay them, but as long as they don’t upset the King they’re allowed to abuse the commoners (arbitrary bans, etc) and extract profit from them (sell out to companies that want control over the moderation of subreddits.)

        wonder how he’d feel if some rich fucks decided to destroy his hobbies

        To be fair, the jailbait sub is long gone.