I left a couple of months ago. Couldn’t be happier.

The writing is on the wall. The leader thinks the Genius-with-hair-transplants is a superstar, despite destroying a globally recognised brand. Inspired by this, Spez is trying to get Reddit ready for an IPO. This means, maximise profits by any means.

  • Ertebolle@kbin.social
    link
    fedilink
    arrow-up
    221
    arrow-down
    3
    ·
    1 year ago

    I love how everybody is so busy about mining your behavior for ad tracking data and then like 2/3 of the ads I actually see are utterly irrelevant gut doctor / toenail fungus / 17 Most Embarrassing Topless Celebrity Moments crap.

    (I think the reality is that they’re mining that data to identify a small number of people susceptible to high-value scams - like getting addicted to an F2P mobile game and spending $1000s on it - and the rest of us just get generic infill)

    • maegul (he/they)@lemmy.ml
      link
      fedilink
      English
      arrow-up
      78
      ·
      1 year ago

      Yea it feels like something has been rotten with the ads industry for a long while. I’ve read a few pieces here and there about how it could collapse and that it’s built almost entirely on dumb lies. But it’s still here.

      I’m no economist, but my best guess is that it’s a little like war and the effort we put into it. Complete trashy waste almost all the time, except for when one person or country decides to put effort into it, because then you have to as well or run huge risks. We’d all be better off without ads, including brands/companies, but when one is doing it every company has to too.

      • NocturnalMorning@lemmy.world
        link
        fedilink
        English
        arrow-up
        37
        arrow-down
        4
        ·
        1 year ago

        Ads are meant to get brand recognition out there for most things. Then when you’re in a store you buy what you’ve heard of before. They wouldn’t do it if it wasn’t effective.

        • dangblingus@lemmy.world
          link
          fedilink
          English
          arrow-up
          25
          arrow-down
          13
          ·
          edit-2
          1 year ago

          You’re putting too much faith in the talent and insight of marketing executives. Large companies throw tens of millions of dollars at their marketing department. They’ll spend the money on a diverse ad campaign that ticks boxes, not one that is actually effective. People don’t buy based on the commercial they saw last. People buy what’s shoved in their faces.

            • CustodialTeapot@lemmy.world
              link
              fedilink
              English
              arrow-up
              20
              arrow-down
              1
              ·
              1 year ago

              Absolutely spot on reply.

              Brand recognition and memory triggers is what big brand ads are about.

              Cleanex, Hoover, Coke, most cologne/perfume ads, Old Spice…

              • JohnnyEnzyme@lemm.ee
                link
                fedilink
                English
                arrow-up
                1
                ·
                1 year ago

                Brand recognition and memory triggers is what big brand ads are about.

                Cleanex, Hoover, Coke, most cologne/perfume ads, Old Spice…

                Late reply, but-- the above makes much sense to me when it comes to inexperienced / first-time buyers of a product. And/or buyers who simply get in to a rut and keep buying that product without trying anything else out.

                But for everyone else, I would think they sample enough tissues, sodas, perfumes, etc to gain an understanding of the ins & outs of a product, settling on choices which best represent their favorites / desired price point. For bigger-cost stuff like vacuum cleaners, I’m thinking people in this group also learn to use review resources to evaluate best choices rather than buy a Hoover just because some ads ran.

                So what does this all mean? Aside from overlap between these two groups, that there’s enough revenue being produced by the former childlike group such that ad systems can afford to almost completely ignore the latter, more adult group…?

        • Gray@lemmy.ca
          link
          fedilink
          English
          arrow-up
          6
          arrow-down
          1
          ·
          1 year ago

          The most effective ads I’ve seen in my lifetime have been podcast ads. I don’t remember shit I see in mobile apps or on most corners of the internet. I could personally sell Blue Apron or Harry’s Razors for all I’ve heard about them on podcasts though. The smartest companies allow the podcasters to joke around in their ads too. My Brother, My Brother, and Me will say some borderline offensive but hilarious stuff in their ads and I’ll be damned if it doesn’t keep me listening to their ads and hearing about the products being advertised.

        • theneverfox@pawb.social
          link
          fedilink
          English
          arrow-up
          4
          arrow-down
          4
          ·
          1 year ago

          You’ve forgotten the second layer of advertising, convincing companies they need to buy ads

          • NocturnalMorning@lemmy.world
            link
            fedilink
            English
            arrow-up
            5
            arrow-down
            2
            ·
            1 year ago

            Yeah, you go ahead and try to sell something to a mass market of people without ads or any brand recognition and let me know ow how that goes for you.

        • Ann Archy@lemmy.world
          link
          fedilink
          English
          arrow-up
          1
          arrow-down
          3
          ·
          edit-2
          1 year ago

          And by definition it’s still nothing but systematic brain washing. It’s actually very 1984, and I can’t understand how some people are ok with being manipulated into buying shit 24/7 and think that global perpetual invasive advertising is this perfectly normal thing that humanity has always had around…

          • NocturnalMorning@lemmy.world
            link
            fedilink
            English
            arrow-up
            3
            ·
            1 year ago

            I think capping it 1984 is a bit extreme, but I do agree with the overall sentiment. We’ve gone wag overboard in trying to monetize evert aspect of modern life. It gets old.

        • Scubus@sh.itjust.works
          link
          fedilink
          English
          arrow-up
          1
          arrow-down
          3
          ·
          1 year ago

          With very, very few exceptions, any time I see an ad I make a mental note to never buy that product. As such, most products I am familiar with(presumably because I saw an ad) I will not buy. The exception is pretty much just Hershey’s chocolate bars, I can’t live without them.

      • GamingChairModel@lemmy.world
        link
        fedilink
        English
        arrow-up
        18
        arrow-down
        1
        ·
        1 year ago

        Yea it feels like something has been rotten with the ads industry for a long while.

        Advertising only has as much value to the advertiser as it can get in modified consumer behavior.

        If I only have $100/month in truly discretionary income, all the advertising in the world is only fighting for that $100. Realistically, though, we’re not all susceptible to the same advertising influences, which is why ad personalization exists. But personalize it all you want and you’re still, at most, getting a few percent of my monthly budget to shift towards what you want me to buy.

        That means that advertising is only really worth it for whales. The type of people who might buy hundreds of dollars of goods or services through clicking on ads on Instagram, who have that combination of a huge amount of discretionary income and are fickle enough that they might impulse buy big ticket items.

        • Scubus@sh.itjust.works
          link
          fedilink
          English
          arrow-up
          5
          ·
          1 year ago

          It literally just dawned on me that some people intentionally click on ads. That’s such an outlandish idea, it feels like fiction.

          • GamingChairModel@lemmy.world
            link
            fedilink
            English
            arrow-up
            2
            ·
            1 year ago

            Clickthrough rates are one thing, but plenty of ads don’t rely on the ad being in the actual chain of purchase. Ads for small stuff like movies, beverages, snacks, etc., or big stuff like cars, furniture, etc., try to get consumers to buy those things outside of the medium that the ad is being presented.

            Plus native advertising when you’re looking for a specific purchase can sometimes factor in. Someone might pay more for a particular hotel room to get more prominent placement in results, and I’m not going to intentionally ignore that sponsored placement when choosing between a bunch of hotels. Maybe the ad didn’t actually make a difference (in theory my purchase decision would’ve considered that hotel anyway, and if it’s the best for my needs then they would’ve gotten my business without the ad), but I’ve definitely purchased sponsored results when searching for a product that I already intend to buy.

            And if it counts as an ad, paid referral links from recommendation websites I trust are an easy way to “support” an outlet that I use.

            • Lemmington Bunnie@aussie.zone
              link
              fedilink
              English
              arrow-up
              3
              ·
              1 year ago

              I’m not disagreeing with your point, but it’s funny; if a result is “sponsored”, my first thought is “what is wrong with it? Is it crap?”.

    • Nobody@lemmy.world
      link
      fedilink
      English
      arrow-up
      25
      arrow-down
      1
      ·
      1 year ago

      The simplest explanation is generally the right one. Online advertising is a scam. They manipulate the numbers to create the illusion of value. Scammers scamming scammers. Liars and thieves all the way down.

    • Dr. Moose@lemmy.world
      link
      fedilink
      English
      arrow-up
      11
      ·
      1 year ago

      As a data programmer I can tell you for a fact that no amount of data can salvage shitty dev time.

    • dangblingus@lemmy.world
      link
      fedilink
      English
      arrow-up
      12
      arrow-down
      3
      ·
      1 year ago

      The reality is that the internet itself is at a tipping point. Advertising platforms know their service is basically worthless as most people use an adblocker, and most companies have idiotic marketing teams that don’t know how to properly sell their product/service in the first place. Companies are seeing less and less ROI on their marketing budget. Without ads, the internet goes bye-bye, or it turns into a subscription model for every website.

      • Ertebolle@kbin.social
        link
        fedilink
        arrow-up
        11
        arrow-down
        1
        ·
        1 year ago

        Or - as many of us hope for - we manage to make the economics of the fediverse work (don’t forget to support your instances, people) and the most valuable users move to blissful ad-free places like Lemmy and Mastodon.

        Indeed, throw in open-source AI (thanks, weirdly, to Zuckerberg) and Wikipedia and you can start to see the contours of a post-advertising internet.

        • CluckN@lemmy.world
          link
          fedilink
          English
          arrow-up
          8
          ·
          1 year ago

          A problem I see is scalability. For example on Lemmy once an instances hits a high enough user count the costs far outweigh donations and moderation becomes a full time job. It’s ad-free for now but costs are going to keep increasing as the demand for storage and constant moderation increase with the userbase.

      • demonsword@lemmy.world
        link
        fedilink
        English
        arrow-up
        8
        ·
        1 year ago

        Advertising platforms know their service is basically worthless as most people use an adblocker

        most people aren’t tech-savvy enough to do that

        • themachine@lemm.ee
          link
          fedilink
          English
          arrow-up
          1
          ·
          1 year ago

          Anecdotal but I don’t know anyone, including old people who don’t use Adblock. Sure I installed it for half of the ones I know, but the others found it all on its own. The ads are just insanely disruptive so one could see why it would happen naturally.

    • burningmatches@feddit.uk
      link
      fedilink
      English
      arrow-up
      9
      ·
      edit-2
      1 year ago

      Your data isn’t just being sold to advertisers. There are all kinds of companies that are willing to pay big bucks to get near real-time insights into consumer behaviour, prices, manufacturing and anything else that can be tracked somehow.

      Edit: And there’s a near 0% chance that you’re not part of a dataset that’s being sold to someone, somewhere…

    • Mkengine@feddit.de
      link
      fedilink
      English
      arrow-up
      6
      ·
      1 year ago

      Why don’t you use applications, plugins and/or DNS settings to never see any ad?

    • SatansMaggotyCumFart@lemmy.world
      link
      fedilink
      English
      arrow-up
      6
      arrow-down
      1
      ·
      1 year ago

      I have spent thousands of dollars trying to cure my toenail fungus in the last three months.

      I guess I’m a toenail fungus whale?

          • forgeddit@sopuli.xyz
            link
            fedilink
            English
            arrow-up
            2
            ·
            edit-2
            1 year ago

            It takes months (I think almost a year) for the toenails to fully regrow, and if its still in your feet you will reinfect your toenails while using toenail specific meds.

            What worked, for someone I know, was the oral meds, using a separate towel for feet and not using it for nails, and after about a month when your feet are mostly healed you have to throw away and buy ALL of your shoes new.

            They also replaced all of their socks, but you might be able to wash them in 90°C. (Issue is, most water heaters can’t keep the temperature up for long enough so it’s probably not worth the risk)

    • TropicalDingdong@lemmy.world
      link
      fedilink
      English
      arrow-up
      2
      arrow-down
      1
      ·
      1 year ago

      I love how everybody is so busy about mining your behavior for ad tracking data and then like 2/3 of the ads I actually see are utterly irrelevant gut doctor / toenail fungus / 17 Most Embarrassing Topless Celebrity Moments crap.

      Have you had yourself checked out for toenail fungus bro? Might be a thing.

    • Contend6248@feddit.de
      link
      fedilink
      English
      arrow-up
      2
      arrow-down
      1
      ·
      edit-2
      1 year ago

      They obviously have major whales as customers not caring as much for interest groups trying to get them in. These ad companies have a much clearer image of people as anyone might expect.

  • StereoTrespasser@lemmy.world
    link
    fedilink
    English
    arrow-up
    177
    arrow-down
    2
    ·
    1 year ago

    And let me guess…there are a bunch of Redditors on Reddit posting on Reddit about how awful Reddit is. And they are giving each other gold stars and slaps on the back for how great their Reddit posts are on Reddit on how bad Reddit is.

      • SendMePhotos@lemmy.world
        link
        fedilink
        English
        arrow-up
        23
        ·
        1 year ago

        Holy shit I left because I was thinking reddit was over (sort of). That post is beyond what I thought reddit would do. It’s like they’re trying to fuck themselves and everyone involved for chump change.

      • Rai@lemmy.dbzer0.com
        link
        fedilink
        English
        arrow-up
        20
        ·
        1 year ago

        This is hilarious. This is WORSE than Digg v4. (Though Reddit did a Digg v4 yeeeears ago when they installed /popular/ and began inflating vote counts heavily)

      • 👁️👄👁️@lemm.ee
        link
        fedilink
        English
        arrow-up
        17
        ·
        1 year ago

        There’s really a guy on there that’s shocked that he spent $300+ on coins that give you nothing and that they turned out to be useless. They also have the same regular users saying that they’ll finally quit this time, but they’re just lying to themselves and for karma. They financially incentivize the website to get worse and are surprised when it does.

        • Pregnenolone@lemmy.world
          link
          fedilink
          English
          arrow-up
          16
          ·
          1 year ago

          It’s absolutely insane to me that anyone would have ever spent money on that shithole of a site, let alone $300 on worthless jerkoff tokens

          • 👁️👄👁️@lemm.ee
            link
            fedilink
            English
            arrow-up
            7
            arrow-down
            1
            ·
            edit-2
            1 year ago

            I honestly find it worse then NFTs. With NFTs you’re only destroying the environment a little bit and supporting much smaller mom & pop ponzi schemers. With Reddit you’re supporting a mega corporation that is actively harmful to a much wider population.

        • beebarfbadger@lemmy.world
          link
          fedilink
          English
          arrow-up
          1
          ·
          1 year ago

          That’s the problem with traditional local internet currencies: reddit doesn’t support them anymore and they become useless. If only these coins were crypto-blockchained nfts - if reddit decided to no longer support those, then they’d be just as useless, but much more bureaucratically documented.

  • HiramFromTheChi@lemmy.world
    link
    fedilink
    English
    arrow-up
    73
    ·
    1 year ago

    If you wanna keep your bookmarks and the subreddits (communities) that you’re subscribed to before deleting your account, I made a free tool to help you store and offload that data.

    It’s called Reddit Account Manager, and it’s 100% free.

    You can also use it to manage your Lemmy account(s), of course.

    • CheatMageLVL99@lemmy.world
      link
      fedilink
      English
      arrow-up
      8
      ·
      1 year ago

      Thanks for posting the link, just saw this news and decided to finally jump ship. Between this and Reddit wanting to pay for use it’s high time I leave it.

      Isn’t there something that scrapes posts from Reddit like a newsfeed? Or do most people just use lemmy.world now?

      • HiramFromTheChi@lemmy.world
        link
        fedilink
        English
        arrow-up
        6
        arrow-down
        1
        ·
        edit-2
        1 year ago

        Isn’t there something that scrapes posts from Reddit like a newsfeed?

        If you got an Android, there’s Stealth. On iOS, you’re SOL as far as I know.

        Or do most people just use lemmy.world now?

        This would be the best avenue, yeah. I thought it was gonna be difficult to leave Reddit too, but thankfully, I was wrong.

  • CarbonatedPastaSauce@lemmy.world
    link
    fedilink
    English
    arrow-up
    71
    ·
    1 year ago

    I haven’t been back to reddit since a couple days before the protests started, when I knew reddit was going to die and switched over to Lemmy. After reading this news I finally went back today and deleted my account. What a bunch of fuckin idiots in charge over there.

      • Cabrio@lemmy.world
        link
        fedilink
        English
        arrow-up
        32
        arrow-down
        1
        ·
        1 year ago

        That’s like saying Digg isn’t dead because the website is still there. But what was once the front page of the Internet is a forgotten footnote that now stands as a bot content farm. Reddit will go the same way.

        • cjsolx@lemmy.world
          link
          fedilink
          English
          arrow-up
          7
          ·
          1 year ago

          Has Reddit’s popularity dipped? We know its quality dipped, but it’s probably better known now than it ever has been. Doesn’t matter how many bots there are if there are also real people there too.

          • Cabrio@lemmy.world
            link
            fedilink
            English
            arrow-up
            9
            arrow-down
            1
            ·
            1 year ago

            It’s been hard to tell because reddit isn’t releasing user retention statistics that are easy to find for other social media sites (minutes per user per day), also due to vote obfuscation it can be difficult to know from vote counts because they could just manipulate the bias.

            There’s also a lot of established communities around media/internet personalities that are largely unaffected by the changes and unlikely to move without significant fan pressure.

            But people go where the content is, last time I checked the top 5 posts on Reddit were under 30k votes and were all tiktoks. That tells me that the content creators and the progressive adaptors have all moved on already, the rest is attrition over time as the service and content continues to stagnate.

            The one thing reddit has propping it up artificially is it’s remaining position as a valuable information resource particularly for niche topics and especially while the fediverse doesn’t get boosted in seo yet.

            • Tygr@lemmy.world
              link
              fedilink
              English
              arrow-up
              7
              ·
              1 year ago

              Your last paragraph is precisely why I deleted all of my niche topic content that had a ton of votes. I didn’t want Reddit making SEO money with ads on my content since the service I used to post it was being forced to shut down.

              I haven’t had a Reddit account since 1 month after Apollo shut down. Deleted everything.

              I do visit still, using bookmarks, to the old subdomain, with Adblock.

        • itsonlygeorge@reddthat.com
          link
          fedilink
          English
          arrow-up
          3
          ·
          1 year ago

          Maybe Elon musk can buy Reddit and further ruin it. He loves owning echo chamber bot farms, just look at the steaming pile of shit that was twitter.

          • Cabrio@lemmy.world
            link
            fedilink
            English
            arrow-up
            1
            ·
            1 year ago

            This isn’t far from reality. Spez has his head so far up Elon’s arse he’s wearing his face.

      • CarbonatedPastaSauce@lemmy.world
        link
        fedilink
        English
        arrow-up
        4
        ·
        1 year ago

        Yeah that’s true, it won’t disappear anytime soon and I should have said “die for me” as I could see where it was heading. But is a zombie really alive?

  • anon_8675309@lemmy.world
    link
    fedilink
    English
    arrow-up
    65
    ·
    1 year ago

    Reddit’s announcement, authored by Reddit’s head of privacy, going by “snoo-tuh” on the platform (Reddit has refused to confirm the identity of admins representing Reddit on the site),

    Irony

    • blackn1ght@feddit.uk
      link
      fedilink
      English
      arrow-up
      34
      arrow-down
      4
      ·
      1 year ago

      I still use it, just far less, only really for a couple of subreddits that just don’t have the same experience here. The mobile app is so shit though that it forces me not to use it on my phone!

      • Jojo@lemm.ee
        link
        fedilink
        English
        arrow-up
        18
        ·
        1 year ago

        These days the only time I use reddit is when I’m searching for some obscure question and that’s the only place with an obvious answer. Otherwise, Lemmy is doing everything I needed reddit to do.

        • Bartsbigbugbag@lemmy.ml
          link
          fedilink
          English
          arrow-up
          9
          arrow-down
          1
          ·
          1 year ago

          Unfortunately, the more noche your hobbies, the less lemmy is able to replace Reddit. Stuff like news, gaming, politics? Lemmy is great. Do you want a community for an obscure martial art? Then you go to old school forums or Reddit.

          • Jojo@lemm.ee
            link
            fedilink
            English
            arrow-up
            7
            ·
            1 year ago

            It’s true I lost out on some of the engagement for a number of my hobbies. I’m less in touch than I was.

            Turns out I can manage like that just fine, though, so…

          • BURN@lemmy.world
            link
            fedilink
            English
            arrow-up
            4
            arrow-down
            1
            ·
            1 year ago

            Niche gaming is really rough too. I sim race, there’s maybe a million people worldwide who consistently engage with the hobby. The subreddits were already quiet, and on Lemmy there’s like 4 active users over the last few months.

            I’ve found myself on Reddit a lot more recently cause I want to be in the know about what’s happening.

      • sirboozebum@lemmy.world
        link
        fedilink
        English
        arrow-up
        5
        ·
        edit-2
        1 year ago

        I still visit a few small subreddits for answers (for example, /r/unraid) but not made a single post since reddit effectively got rid of most third party apps.

        Once Lemmy (or anywhere else) can cover the questions I look up, that will be 100% the end for me.

      • Senuf@lemmy.ml
        link
        fedilink
        English
        arrow-up
        2
        ·
        1 year ago

        Same for me. But I don’t use Reddit’s own app on mobile. I use Boost, because it’s still allowed for moderators, since Reddit’s app is shit for that. Doesn’t matter if you aren’t yet a moderator. Go there on a browser on a PC or Mac. Create a new subreddit. Great, now you’re its moderator. Then enter with Boost (on Android), and that’s it.

        Anyway, the more people leave Reddit to cross the pond and get to Lemmy, the best.

    • Dynamo@lemm.ee
      link
      fedilink
      English
      arrow-up
      9
      arrow-down
      7
      ·
      1 year ago

      Not my fault stuff i’m interested in isn’t moving here

        • fsmacolyte@lemmy.world
          link
          fedilink
          English
          arrow-up
          19
          ·
          1 year ago

          I was kind of with you until saying they’re “being a fucking idiot.”

          Encouraging someone to help out? Great.

          Browbeating someone for voicing the viewpoint or experience a lot of users are facing? We can do better than that.

        • Senuf@lemmy.ml
          link
          fedilink
          English
          arrow-up
          13
          ·
          1 year ago

          Not the one you’re replying to, but sometimes you’re just a follower of some community, because you lack the knowledge to be more than that even when you are interested in the subject. To create/moderate a community, or even to be quite active in it, isn’t for everyone, I guess. No need to insult someone because they can’t do more than they’re able to.

          In my opinion, that is.

        • pascal@lemm.ee
          link
          fedilink
          English
          arrow-up
          12
          ·
          1 year ago

          On a second thought, maybe let’s not move stuff I like in a place with people so rude and obnoxious.

  • Tygr@lemmy.world
    link
    fedilink
    English
    arrow-up
    51
    ·
    1 year ago

    I guess they didn’t make API millions by charging usage fees? Scraping the bottom of the barrel now while people use the site less and less.

    • herrvogel@lemmy.world
      link
      fedilink
      English
      arrow-up
      23
      ·
      1 year ago

      The API fees clearly weren’t made to make money directly though, it was meant to get rid of 3rd party clients so they could more effectively do what the OP is about.

    • Auli@lemmy.ca
      link
      fedilink
      English
      arrow-up
      17
      arrow-down
      1
      ·
      1 year ago

      I bet the they lost single percent of people. And most use it and don’t care.

    • kingthrillgore@lemmy.ml
      link
      fedilink
      English
      arrow-up
      6
      ·
      edit-2
      1 year ago

      We don’t know their actual engagement numbers, what I do know is: quality on non-default subs has pitfalled. That is subjective, but its common across other reddit users I know.

      • SwallowsDick@lemmy.world
        link
        fedilink
        English
        arrow-up
        1
        ·
        1 year ago

        Both the quality has declined, and the tone seems consistently more negative. Like there’s an even bigger majority of angry teenagers running the site.

  • Fullest@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    41
    ·
    1 year ago

    Ars and Reddit are under the same parent company, conde nast or however that’s all structured. I also have noticed ars seems to write very frequently about Reddit, even if it is usually in a critical light.

    I get mixed feelings about articles like this one.

    • Raxiel@lemmy.world
      link
      fedilink
      English
      arrow-up
      16
      ·
      1 year ago

      I wouldn’t say they have a disproportionate amount of Reddit coverage, spez’ shenanigans are well within their usual scope. Before the api-pocilipse I don’t remember the last Reddit column they put out.
      It think the editorial direction follows the interests of the kind of readers they get. Not so many Facebook or Tiktok stories unless there’s particularly egregious behaviour. Their readers are too young to care as much about the former and too old to care about the latter.
      Out of all the social media, xitter gets the most, but then every day is clownshoes there. As Reddit started aping them, they got more coverage.

    • Kazumara@feddit.de
      link
      fedilink
      English
      arrow-up
      9
      ·
      1 year ago

      They spell the correct relationship out clearly in the article:

      Advance Publications, which owns Ars Technica parent Condé Nast, is the largest shareholder in Reddit.

      • ryper@lemmy.ca
        link
        fedilink
        English
        arrow-up
        3
        ·
        1 year ago

        It’s at the bottom of the article:

        Advance Publications, which owns Ars Technica parent Condé Nast, is the largest shareholder in Reddit.

      • Thetimefarm@lemm.ee
        link
        fedilink
        English
        arrow-up
        3
        ·
        1 year ago

        No they got bought back a few years later. They’re majority owned by the same parent company as Ars. Tencent also has some pretty big investments in Reddit.

    • Balthazar@sopuli.xyz
      link
      fedilink
      English
      arrow-up
      7
      ·
      1 year ago

      I tried reading them. I can’t because the fucking website doesn’t scale to my phone. It realises something should change, but it’s so shitty I can immediately see the edges and see text, images and flair cross over where it shouldn’t. Ffs.

  • kingthrillgore@lemmy.ml
    link
    fedilink
    English
    arrow-up
    34
    ·
    1 year ago

    It’s worth pointing out that Ars Technica’s parent, Advance Publications, owns a stake in Reddit. And they have been giving no quarter to enshittifiers.

  • roht@lemmy.world
    link
    fedilink
    English
    arrow-up
    33
    ·
    1 year ago

    As I said in an earlier post, better get out now and migrate while the communities are still intact rather than slowly bleeding out due to these policies. There is going to be one kind of content on Reddit and that’s the ad-friendly, corporate supported kind.

  • AutoTL;DR@lemmings.worldB
    link
    fedilink
    English
    arrow-up
    26
    ·
    1 year ago

    This is the best summary I could come up with:


    Reddit spokesperson Sierra Gamelgaard declined to provide further clarification when reached by Ars Technica for comment.

    Meanwhile, Reddit’s policy update aligns with its outspoken goals to become profitable and its plans to eventually go public.

    Other privacy policy changes announced Wednesday include allowing users to choose to see “fewer” ads regarding alcohol, dating, gambling, pregnancy and parenting, and weight loss.

    However, clickbait and shock value posts are a strong deviation from what people tend to treasure most about Reddit: real human advice, discussions, and insight.

    A support page says Reddit’s Contributor Program will avoid “fraud, spam, bad actors, and illegal activities” by putting users through Persona’s Know Your Customer screening.

    Advance Publications, which owns Ars Technica parent Condé Nast, is the largest shareholder in Reddit.


    The original article contains 785 words, the summary contains 125 words. Saved 84%. I’m a bot and I’m open source!