Two IMO on-point excerpts of the article:

The highest-ranked replies are very critical of the post. “What good is our feedback when reddit seems perfectly happy to ignore all of it?” wrote one user. “What’s the point?” Another pointed out that Huffman called mods “landed gentry.” “Show, don’t tell,” wrote another user — to which the admin replied, “Agreed.”

“A beginning of what?” replied one user. “This solves nothing, and just wastes everybody’s time.”

Reddit’s administration is sounding more and more like an abusive SO trying to gaslight you into staying in the relationship. “Baby I’ll listen to you, I swear.”

  • Fisting for Freedom
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    fedilink
    61 year ago

    From the article you linked:

    Fidelity now estimates that Reddit’s holdings could be around $15.4 million as of May 31, which is down over 7% from the fund’s estimates of $16.6 million from this past April.

    This was from before the whole shit fiesta actually happened.

    • 1chemistdown
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      fedilink
      91 year ago

      Further in the article

      This new figure is is also a reported 45.4% slide since Reddit secured Series F funding in August 2021, when an asset manager acquired the platform’s shares for $28.2 million.

      That asset manager was also from Fidelity, who are the investors who keep writing off Reddit value.

      • 1chemistdown
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        fedilink
        31 year ago

        Yes, we will not see affects from that until their next reporting quarter. But they haven’t just devalued by 7% overall. It’s quarterly reporting. Stay tuned to q3 to see if they think Reddit really screwed up.

      • Fisting for Freedom
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        fedilink
        21 year ago

        Yes, and? That doesn’t change the fact the article talks about numbers that came from before any of the protests happened.

        Fidelity’s devaluation (along with the increased overall desperation in SV venture capital) is a cause of the API changes and heavy handed suppression of the protests, not a result of them. It’s an attempt to halt/reverse that slide by asserting control and taking concrete measures to better extract value from Reddit.