“It’s time we grow up,” says former moderator of jailbait subreddit.
I just commented on another similar article! His reasoning for this move contradicts itself! How can he claim that the overwhelming majority of users (97%) use the official Reddit app, but the use of 3rd party apps is destroying their bottom line? That means that that the lost profit from 3% of users are the reason for the API price change?
And… if there are only 4-5 big 3rd party apps (like Apollo, RIF), why force them out of the market? If only 3% of users use them, are they really that big of a deal? Why are the prices so astronomically high?
This is Reddit consolidating their empire. I hope that folks are prepared for future roll-outs of new subscriptions and reasons that Reddit users need to pay.
At this point this seems intentional. This has definitely pushed me away from Reddit and I’m already seeing a lot more meaningful conversations on Lemmy. All I ever saw on Reddit anyways is people just trying to one up each other on the comment threads for upvotes. Took a lot of scrolling to even get to people actually talking about the topic.
This is why the fediverse is so great. It really is really expensive to run a social media company. By spreading the cost over many actors and encouraging competition, this allows us to host content without being beholden to billionares.
*Chinese billionaires
Are you trying to bring your Reddit = Chinese government xenophobic r/conspiracy Reddit nonsense here? Would you like to provide proof? Because this is violating a rule.
I am asking this in full earnestness: is any critique of the Chinese government assumed to be rooted in xenophobia?
Most of it has its roots in xenophobia and crushing the “near-peer competitors”, yes. You can ask US government about Cold War McCarthyist propaganda which is spread by NATO (US/Europe) media. You can even go back as far as 1940 to find a short film series Drums of Fu Manchu (check YouTube), which is before NATO’s creation, or the Opium War I by Britain in 1856 and British Raj on India for 2 centuries.
Orientalism, xenophobia and imperialist looting/plundering against East are historically well known evil deeds of Anglosphere.
I feel that maybe you’re reading my question as ‘critique of China is inherently support for the west/US/etc’ which I absolutely do not mean. I think that it’s possible that painting all critique with a broad ‘xenophobia’ brush (while undoubtedly warranted at times) can prevent discussion in good faith.
The above poster specifically “corrected” parent commenter, knowing very well the conspiratorial xenophobic notions he was propagating. Most Anglo people never talk about China/Russia (or any country that is NOT a “western neoliberal democracy” or its vassal state) in good faith, because Cold War McCarthyist poison is filled in their heads, resulting in a knee jerk reaction whenever they see the words “China” or “Russia”. There is no reason why Anglosphere participants should be given benefit of doubt, when instead of following by example, they continue to get more vitriolic everyday. I am happy that Russians cannot be dehumanised on Lemmy, considering how much of a cesspool Reddit is.
If this is the thinking I can expect on this instance, perhaps this is not the instance for me.
I think he’s referring to how Reddit used to operate on Tencent funding.
Tencent is partially owned by the Chinese government.5% stake is not relevant if you looked at other shareholders of Reddit. It is a xenophobic conspiracy theory if we looked at the largest shareholders of Reddit (https://web.archive.org/web/20230108005443/https://www.investmentwatchblog.com/who-owns-reddit-a-breakdown-of-the-type-and-nationality-of-shareholders/):
- Conde Nast (AP): 100% * 0.72 = 72%
- American VCs: (5% + 1/3 * 5%) * 0.8 + (1/2 * 11.1% + 7/18 * 11.1%) * 0.9 + 5% * 1.0 = 19.21%
- American individuals: (2/3 * 5%) * 0.8 + (1/18 * 11.1%) * 0.91 = 3.23%
- Dubai VC: (1/18 * 11.1%) * 0.9 = 0.56%
- Tencent: 5% * 1.0 = 5%
Breakdown of Series A VC, Condé Nast: https://www.nytimes.com/2012/09/03/business/media/reddit-thrives-after-advance-publications-let-it-sink-or-swim.html
Breakdown of Series B VCs being all Americans: https://www.crunchbase.com/funding_round/reddit-series-b--662ba273
Breakdown of Series C VCs being 8 Americans and 1 Dubai VC: https://www.crunchbase.com/funding_round/reddit-series-c--168f04d0
Breakdown of Series D VCs with 3 American VCs and China’s Tencent: https://www.crunchbase.com/funding_round/reddit-series-d--c9282e50
Condé Nast and one American VC hold more shares than Tencent, plus Reddit is astroturfed by US military, as seen during 2015. https://old.reddit.com/r/Blackout2015/comments/4ylml3/reddit_has_removed_their_blog_post_identifying/ Reddit, if anything, is a literal US military arm to spread propaganda in media, and not controlled by Chinese government.
The root of “Tencent CCP own Reddit” conspiracy literally lies in r/conspiracy to spread xenophobic sentiments against China. Anyone perpetuating this nonsense will face a ban after this.
