Reddit CEO assures employees that API pricing protests haven’t hurt revenue

Furor "will pass," Huffman says in internal memo reportedly viewed by The Verge.

I wonder how many moderators may adjust their protest time frame as a result of this comment...

elf 22 points 3 years ago

Wasn't this goober just saying reddit wasn't profitable? What revenue lol?

path: 0 152913, hotness: undefined, score: 22, children: 2

buckykat 14 points 3 years ago

Profits are revenue minus expenses. If all the revenue goes into garbage like nfts and new reddit (or up spez's nose) there can be a lot of revenue but no profit.

save

path: 0 152913 153009, hotness: undefined, score: 14, children: 1

elf 3 points 3 years ago

Ah, well said. Thanks for clarifying!

save

path: 0 152913 153009 154672, hotness: undefined, score: 3, children: 0

sadakos_left_nut 16 points 3 years ago

Makes me wonder what reddit’s usage stats will be in late July or early August once things settle into whatever normal they’re going to be. I can’t imagine they can pull good mod tools out of their asses quickly enough to combat the spam that’ll undoubtedly crop up without automod, etc.

I think the question is whether this move will ultimately annoy the regular casual lurkers enough. Will it make an impact on reddit’s stats and reputation or not?

save

path: 0 152321, hotness: undefined, score: 16, children: 5

buckykat 8 points 3 years ago

A flood of spam posts hawking cryptocurrency and hot singles in your area might even look on the usage metrics for a while

save

path: 0 152321 152933, hotness: undefined, score: 8, children: 0

jon 7 points 3 years ago

They'll probably just plug Automod into OpenAI's content moderation API or something if too much spam piles up

save

path: 0 152321 153076, hotness: undefined, score: 7, children: 3

sadakos_left_nut 9 points 3 years ago

Oh dear gods, that is the most horrible idea I have heard in my life and yet I somehow fully expect that kind of bullshit.

save

path: 0 152321 153076 153107, hotness: undefined, score: 9, children: 1

jon 6 points 3 years ago

AI content moderation will be chump change if they get enough takers on this new API pricing. Plus they're wanting to IPO at a time when every Fortune 500 is jumping on the AI bandwagon in quarterly reports, so I'd be surprised if they don't already have teams researching this internally.

save

path: 0 152321 153076 153107 153197, hotness: undefined, score: 6, children: 0

ArtVandelay 4 points 3 years ago

Would be hilarious if open AI decided to up their API cost 1000x for Reddit

save

path: 0 152321 153076 155890, hotness: undefined, score: 4, children: 0

ElectricFire 13 points 3 years ago

I mean he's not really wrong some subs are already opening back up, without indefinite closure nothings going to really change

save

path: 0 154653, hotness: undefined, score: 13, children: 1

halo5 4 points 3 years ago

I agree. I think that the whole movement should move to indefinite closure. If anything, it gives us a reason to pop some popcorn!

save

path: 0 154653 157586, hotness: undefined, score: 4, children: 0

godless 8 points 3 years ago

Exactly what a struggling CEO is expected to say to keep employees from jumping ship.

save

path: 0 153493, hotness: undefined, score: 8, children: 1

BackOnMyBS 3 points 3 years ago

in other news, my ex has totally moved on based on all social media posts about her moving on.

save

path: 0 153493 155005, hotness: undefined, score: 3, children: 0

heyztb 7 points 3 years ago

I mean, he's right. They have their work cut out for them though. They'll need to be on top of things especially regarding moderation, otherwise they will probably continue to bleed users.

save

path: 0 152396, hotness: undefined, score: 7, children: 2

Steeve 1 point 3 years ago

They never really had real moderation to begin with, just random volunteers that they gave way too much power to, which is going to be a big problem when they go public. They'll be under a lot more public and government scrutiny.

save

path: 0 152396 171839, hotness: undefined, score: 1, children: 1

heyztb 2 points 3 years ago

This is a good point. Well, they either have a plan or we're going to witness a top 20 website fail in real time.

save

path: 0 152396 171839 178070, hotness: undefined, score: 2, children: 0

DreadedChalupacabra 5 points 3 years ago

https://www.adweek.com/... Meanwhile in reality...

save

path: 0 169746, hotness: undefined, score: 5, children: 1

Freija 1 point 3 years ago

Great find, thanks for sharing!