@kbin.social
A handful of really rich guys stranded at the bottom of the ocean with the CEO of the tour bus company ... I can only imagine that conversation.
Marine Traffic app showed at least a dozen ships clustered above the site until about an hour ago; now there's two government vessels - everyone else has gone home.
I don't need any press conference to tell me they're all dead.
This will be an all-time great case study at the Harvard Business School.
The APIs go dark on July 1. Those are the traffic numbers I'm waiting to see. The protest/Blackout was a warning shot: July 1 will see the real exodus.
But "Fuck u/Admins" is still ok, right?
This just in from forbes.com:
"Investors are fed up. Fidelity, which led Reddit’s $700 million funding round in 2021 with a $10 billion valuation, has cut its Reddit company valuation by 41% since it invested. This could scupper Reddit’s plans to eventually go public with a reported valuation of $15 billion."
Who actually loses a game of chicken of this magnitude?!? u/spez, you listening?!?
Time for a grown-up/adult CEO then...
Darwin was harsh on Sunday.
Paraphrasing Ron White
He has the right to remain silent, but doesn't have the ability...
Because of Reddit's organic growth over time, it's understandable that leadership may be unaware of/unfamiliar with all its moving parts. When good leaders discover moving parts are essential to a portion of their community, they normally strive to preserve and improve access to those moving parts. Not Reddit leadership: they're continuing to double-down.
Advertisers don't just look at traffic numbers when they do buys ... anyone with any brains will be looking at content and THIS kind of thing will send them running.
Mods are in revolt. Users have fled the platform. And advertisers don't like to be associated with nastiness.
u/spez is in bigger and bigger trouble each and every minute this continues. Hence the Brown Shirt tactics...
This is the Reddit I will miss ... but u/spez has killed it.
I'll mourn awhile but definitely have moved on (all accounts closed the day of the AMA, no fucks given).
Success will be measured in $$$ and that's loss of ad revenue. So far, no revenue has been lost because all the buys were placed and paid for pre-Blackout.
The acid test is the 2-weeks from the Blackout - will advertisers flee Reddit for more stable/predictable pastures OR will u/spez and company be able to talk them in to staying by offering concessions for the disruptions in audience delivery?
Stay tuned until July 1: u/spez doesn't seem like a real flexible kinda guy so far but we don't know what's going on behind the scenes.
A pavlova is in my future ... this looks like heaven!
Ok, I'm drooling ... looks a bit like Malabrigo but maybe not?!?
Minime cacas!?!?!
Clearly a fake ... not a penis.
thanks for using Leebra!
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