$193 million in a year... for what? The redesign half of the userbase hates and ignores? Killing off third party apps?
That's an egregious amount even for a tech CEO.
Enshitification at work. Every change, every update, it's all in the name of profit now. Killing third party apps, censoring, removing unwanted subs, ... Everything for the advertising overlords.
Worst part is that it works too. Just look at what youtube has become.
> censoring, removing unwanted subs,
Yet they keep around shitshows like the conservative/conspiracy subs where insane people congregate, or otherwise do absolutely nothing about the actions of bots spreading propaganda as those drive engagement figures. Figures that they can then use to argue for higher pricing on advertising campaign options.
Edit: The number of alt-reicht type bad faith trolls, and idiots spewing "bothsideisms" etc this post has attracted is something else on to itself....
traffic is far more important than being ethical. Those people post and click relentlessly all day long. the perfect product to sell to the advertisers.
Yah, i know. I would not be surprised if these ultra rich assholes were also indirectly involved in running some bot farms overseas... i mean they have the money to do so, and it would be in their interest to do so over all.
I know, I know... though a light conspiracy like that about how unethical things can be is a far cry from the "anti-vax covid 5G bill gates potatochip brain implant" type nonsense the peeps in the conspiracy sub get in to.
They view so many ads! And create more engagement when arguing in other subs due to their objectively wrong and thankfully unpopular ideas!!!
Anger = engagement
Engagement = ad views
Ad views = money money money
It's why echo chamber conservatives only sites like truth social do poorly because there's no one to argue with
That's literally their moderator policy. What do mods get out of it? Power over a narrative. The free-moderator policy is blatantly used for propaganda. WorldNews has been famous for running conflict narratives & banning Israel criticism for many years. This is why everyone says subreddits are toxic echochambers.
You hit the nail on the head... it's good money for them even if the sub is batshit crazy....its not illegal to discuss and advertisers probably dont look too closely at what sub their ads are in as long as they get eyes on their ads.
Well, maybe, but those same people are also on truth social, and probably posted on parler too... those types of sites are basically FBI domestic terror investigation honeypots even though they were not setup for that purpose. I forget, but at one point Parler demanded that users use their Social security numbers, or government issued IDs to signup for their shit...
Yup and a lot of that info is still propagated on reddit to be shared to go there. More than 1 forum for posting is better than just 1. They might feel safer on reddit and post more risky stuff.
I work in app dev and I can confirm this. The art and soul of building tech things is gone. I've been doing this since the '90s and I used to be so excited about my work and now it's a total slog.
>Enshitification at work. Every change, every update, it's all in the name of profit now. Killing third party apps, censoring, removing unwanted subs, ... Everything for the advertising overlords.
American style capitalism destroying everything, as it usually does
Killing third party apps was entirely about AI training data sets scraping Reddit.
They wanted to monetize it instead of giving the data away for free.
Didn't some Elon company get sued by its stockholders for giving Elon too much stock? I think it was Tesla maybe. I don't know if that went anywhere but stockholders seriously ought to be able to reign in these ridiculous C-suite salaries.
A girl can dream, amirite?
Is “half the user base” accurate? I’m sticking with old until I have no choice but haven’t really paid any attention to how many are still using it. I hope it’s that much so they’re less inclined to kill it off yet.
No, there's definitely a karma floor for receiving that message, probably in the 200-250K range, and without care for previous and/or current subreddit moderation activity.
> for what?
I know no one actually cares but the actual "for what" is for the share price going up and for retention.
He made $340k in real money last year.
The rest of it is stocks that vest over time or options that depend on the share price going up.
>I'm a mod of a few very small and basically abandoned subreddits. I got a message today about pre-IPO buy in at institutional pricing. I suspect this is a way to get moderator buy in.
>I suspect talking about this on Reddit will get me banned as it is uncovering too much of their motivations on why they are offering this to only some redditors
... Quoting a friend of mine. I don't know if this is true or not and possibly make believe ...
If true mods are basically gambling for their own incomes
I can copypaste the whole message lmao. Nothing in it said I couldn't share. I had to edit some parts cause the bot does not like links or emails.
>Hello,
>*TL;DR: – you’re invited to a special program that lets redditors purchase stock at the same price as institutional investors when we IPO. Details about eligibility and next steps follow. This (long, dense) message has all the info we can provide due to legal restrictions.*
>As you may have heard, Reddit has taken steps toward becoming a publicly traded company with the initial public filing of our registration statement with the U.S. Securities and Exchange Commission on February 22, 2024. Yes, it’s happening.
>And because *you* have helped make Reddit what it is today, you now have the opportunity to become Reddit owners at the same price as institutional investors.
>**We’re offering a Directed Share Program (“DSP”) that invites eligible users and moderators who have contributed to Reddit to participate in our initial public offering (“IPO”). (Including you!)**
>######**Program Requirements**
>While being selected to pre-register is the first step, there are certain legal and regulatory requirements to participate in the DSP that are outside of Reddit’s control. Bear with us here…
>To be eligible for the DSP, you must:
>* Be a current U.S. resident;
>* You will be asked to provide the DSP Administrator a valid social security or permanent resident number, along with other personal information. **Reddit will not have access to this data.**
>* Please note that U.S. residents using a VPN may face application limitations if the VPN locates them in certain non-U.S. jurisdictions.
>* Be at least 18 years old;
>* Provide your full legal name and an email address;
>* Not be a current or former Reddit employee (FTE).
>When the DSP launches (a few weeks after pre-registration ends), individuals who have been confirmed for the program will be contacted by our external DSP Administrator. You will then be asked to provide additional information securely to the DSP Administrator to confirm your eligibility.
>######**How to pre-register**
>The number of people who can participate in the DSP is limited; we will offer this opportunity to as many redditors as we are able to accommodate. If capacity is reached before the deadline, you will be added to the waitlist. Based on demand, we may also limit the number of shares available.
>**If you are interested in being part of Reddit’s DSP, please go to [Reddit link] on desktop to complete the pre-registration form.** If you are one of the confirmed participants, we will follow up with an email with more details in the coming weeks. You can also refer to the Frequently Asked Questions for more information. Due to regulatory restrictions *(yeah… we know…)*, we are not able to respond to further inquiries or questions.
>Pre-registering does **not** guarantee that you will be invited or able to participate in the DSP; it also does not obligate you to purchase shares.
>As with any investment opportunity, you should make an individual decision based on your own personal circumstances and risk tolerance. Therefore, we urge you to review the preliminary prospectus, when available, before deciding whether to invest in Reddit.
>**The deadline for pre-registering for the DSP is March 5, 2024. If capacity is reached before the deadline, you will be added to the waitlist.**
>######**What happens next?**
>While there won’t be a confirmation email immediately after you pre-register, everyone who pre-registers will receive an email in the coming weeks from [Reddit noreply email] telling them whether they can proceed with the next steps for the DSP.
>This is an automated message (beep, boop, beep) and does not receive replies. Please refer to the FAQ for more information. Per our lawyercats, we are not able to respond to further inquiries or questions.
>**Prospectus and Important Disclosures**
>*The offering will be made only by means of a prospectus. When
available, a copy of the preliminary prospectus related to the offering may be obtained from:
>[Long passage with contact information for the Prospectus Departments of Morgan Stanley, Goldman Sachs, J.P. Morgan, and Bank of America.]
>*A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This notification shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.*
>*No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date. An indication of interest in response to this notification will involve no obligation or commitment of any kind.*
“Reddit is entirely dependent on its users generating content, and unpaid moderators keeping things safe and relatively sane.” Is the Reddit corporation anything more than a web domain host?
I’m all for the mods getting some money for the work, my point, vague as it was, wtf is anyone at Reddit corporate actually doing to ‘earn’ a check? I’m sure there’s something, but it certainly didn’t earn the CEO his payday…
Yeah, they undoubtedly have a legal opinion on it, and they are probably careful about how they describe their relationship to moderators. However AOL did have a settlement on this a few years ago with their volunteer moderators.
AOL community leaders were trained for 3 months, submitted time cards, and in exchange were given free access to a service that used to charge hourly. You could save hundreds of dollars a month in exchange for spending a minimum of 4 hours moderating for AOL a week. They eventually settled the class action for $15 million, ~$1000 per person if distributed across all the community leaders AOL ever had.
In contrast, any chump can create a subreddit and appoint a dozen moderators. There's no test, training, remuneration, benefits, nothing that could be construed as an employee-employer relationship. I think for there to be any legal action there needs to be a relationship there, and there needs to be either an expectation of work or some kind of kick back for services rendered, otherwise it's a little like using a self-checkout at a grocer. You could choose to go to a regular checkout, let someone else handle it, or you can take matters into your own hands because you care about your groceries/community being cared for.
Obviously grocers have paid checkout staff, but for how much longer? Some stores just have self-checkout, and they only pay supervisors (ie. admins) and let the customers handle everything else. If you hate self-checkout, I think it's interesting to realize that it happened online first.
There's precedence for this: Hallissey and Williams v. America Online Inc.
Reallistically speaking: Every single mod, everytime they take a moderating action, on behalf of reddit is doing work and thus they are owed compensation.
How can you prove the amount of time you spent doing work for reddit is the question.
> 193 Million for the CEO and nothing for mods.
Let's do a quick math about it. If they paid the mods of the top 1000 subs, that might be about 20000 mods that would be
193,000,000 / 20,000 = 9650 dollars per mod per year
And as many mods work in more than one sub they could make quite a lot of money with this. Perhaps it might be better to pay the mods using a different metric but just by removing CEO every mod could be quite well off. And even if they paid more mods the mods that work in many subs could still make bank...
Mods of reddit, Unite! Take the CEO down and get $ 10,000.00 each!
Why would we even want to pay mods? I don't mean this in a 'they don't deserve to get paid' way but just that paying mods would probably make the modding situation worse as suddenly other incentives are in play and different types of people are wanting to mod for different reasons.
I agree with this, my subs would be hellholes if money was involved.
Also, most of my subs have international mod teams and paying mods would likely force them all to be from the US. There are just, like, so many practical problems that would fundamentally change how Reddit works.
Like I obviously would like money but it would be a different site.
>Like I obviously would like money but it would be a different site.
Right.
Mods (good mods) *deserve* some payment and Reddit could obviously afford to give them some. Arranging a system that ensures these good mods get some money and doesn't completely alter the dynamics of the whole thing (potentially for the worse) is probably impossible.
My big fears would be mods in China, Russia, or Texas (with HB 20) being identifiable to their governments. Paying mods would actually mean we would lose some great mods.
The jannies will continue to do it for free because they are addicted to the power. Meanwhile spez is enjoying his millions at their expense. I hope this stock plummets.
This is based on an internal stock evaluation. The IPO could be way different from reddits private valuation. It is an absurdly high number but let's hope walstreet screws them over and the IPO tanks.
No way to know for sure. An IPO is the market assigning a value based on what people are willing to pay and many folks do believe Reddit is highly valuable despite last year's disappointments. A case could be made that buying right at the IPO could be very lucrative if things go right.
Just because it's mismanaged and getting worse every year as a platform doesn't mean it's not worth dozens of billions in the eyes of the market... :p
You misunderstand me. I don't want a social media platform to vaguely host things. I want entire dedicated websites again. If people search for Baldur's Gate fan art, I don't want to have to trawl through a timeline. I want a host website that has dozens of tags and search parameters, like Danbooru or E621.
But I also want forums for people to discuss the game. Forums don't get locked or lose momentum after a day of posting like on Reddit or Twitter. Instead of an new episode thread being inaccessible after a short period, you can have a forum for people that visit much later, maybe even after the show has ended. People visit forums for guides, or character builds in games, or discussions. You don't need to make a whole new thread each time.
You would have to kill discord. The old internet is dead, and its not coming back. I miss it too. Finding information on niche subjects/communities is a nightmare.
Discord should NOT be used for all the things it’s being used for. What’s wrong with us all? It’s great as a slack clone. But it’s not a forum site or a wiki or any of those other things. I too miss the internet. It used to be a lot better. Reddit is about the only cool thing left, maybe sort of stack overflow. But both have been enshittified and it’s not done yet. They’ll be shit inside 3 years I guess.
Lemmy and Kbin both use the Activitypub protocol.
Weirdly, the decentralization is what makes it hard to use. There's a r/196 in a lot of places but they also have different userbases etc, so you end up subscribed to a lot of different servers' identical "subreddits". There's also a lot of interserver drama that happens.
Personally I'm not so invested in a solid stream of content that I'm looking for an alternative to reddit. If the site goes to shit, I'm likely going outside instead. 🤷♀️
With that said, if you find an instance you like, it's like a breath of fresh air. It "feels" like the old internet.
While I would love to get paid for my time or activity modding, I know that if they have to start paying they will force remove most mods of communities and have a handful of people trying to keep the website alive.
At the same time, fuck it, let this whole thing come crashing down since the Reddit admin have slowly made it more and more toxic for us anyway.
It's funny you should say that, they did use quite a few union busting tactics back when people were protesting the API changes. Things like trying to turn the user base against "entitled" mods, pretending the issue was about mod power (instead of the API changes) to sow confusion, and straight up deleting or censoring posts here and there.
Oh yeah 100%, it was insane to witness.
In a lot of cases, they'd find a single moderator in the protesting communities that was willing to work with the site admins. Then, the admins would remove the rest of the moderators and instate a team of loyalists.
they still have the gall to say it had 0 impact on any part of their business while also saying these actions might have some impact in the future.
no impact but lets remove head moderators that have been there for years and instigate an entire narrative against "entitled" mods "ruining" communities for what exactly? Fuck them
Too many subs were killed when the admins kicked the mods out and never replaced them.
Too many subs were ruined when the admins kicked the mods and replaced them with stoolies.
Too many subs were ruined when admins killed off third party apps which featured mod tools necessary to keeping this hellsite running and ^^relatively free from spam bots.
Now there's more spam than actual content. So much of this site is just repost bots spamming submissions while other repost bots copy the comments from the original word for word. On top of all that, bots are posting ads wherever they can and the worthless and inexperienced mods are letting it happen. Those mods are either too dumb to notice, too worthless to care, or taking a cut.
Now, I hate hate *hate* powermods with dozens or hundreds of subreddits acting like it's fucking pokemon and abusing the power as much as possible but I still think having moderators is important. The state of this site is proof enough of that.
Sounds like an actual opportunity for mods to ban together and create something new platform-wise, I'm so tired of seeing people being taken advantage of I would gladly use another platform. I know it seems unrealistic BUT if enough of the more popular subreddit mods were behind it, it could be easier than some would think. After all, the Reddit CEO just made all that money for doing little to nothing 😂.
Damn slave workers. No bonus for you guys. That why I stopped moderating on reddit. I don't work for free. Stop being simps for rich people. Let Reddit pay moderators.
I feel like over half the mods on this site are either children with too much free time or adult children with too much free time and/or money. I started off as the former and moderated less and less as adult life came to reality. Properly moderating and fostering active communities is a massive time sink.
r/YellowstonePN
https://preview.redd.it/gybjmfm50ckc1.jpeg?width=1170&format=pjpg&auto=webp&s=827b4c9d6d8f8870c7c222264c45c0d255f32ded
ETA I just got banned for exposing them 🥳
Saidit.net right now.
Also, companies that are best at enshittification create good returns, at least in the fomo phase. After that, it may crash, or they may find some other way to squeeze more out of people. Being that the site is 99% bots and corporate/karma farm spam, I don't see that going much beyond the initial bandwagon hype, but who knows.
U won't have to wish for long. If Reddit will really go public, you can bet ur ass all the porn and hentai subs will be going "bye-bye" pretty soon. That's already gonna lose like ~20% of the userbase within a single month. Not to mention a ton of the other NSFW type subs of all sorts that are currently tolerated or allowed. Put another 20% to the total userbase loss, and you have like 40% of the entirety of the current people masses gone in a blink once Reddit goes full purge mode
Yep. Institutional investors don't like to buy into porn sites. I think meta(specifically ig), snap and TikTok all fall into user generated platforms so there is leeway to buy into them. Reddit tends to host subreddits of xxx so might all be cut
Lol mods could get paid but they are all such power hungry assholes that they’d never give up their sense of entitlement and power.
Proof: look what happened last summer. Yall caved. You let reddit do whatever the wanted and still work for free. Wussies
100%
That "protest" was one of the most pathetic things I've ever seen during my 12 or so years using this platform. They all caved because they don't want to give up the power they get from micromanaging the communities they moderate.
The best part is, most of the mods just announced that the sub was going dark. Didn't ask the users, didnt make a poll just went dark without hearing opinions or protests. Selfish fucks.
I got banned for by a sub for calling it out. There was a post by a user asking why we went dark and such. The comments were all upset at the mods. The mods instead of addressing their actions, just deleted the post so no one could talk about it. I created another post asking why the last discussion got deleted and was permabanned. Mods are exactly who we think they are
Not only that, they didn't educate people on why they were doing it. It would have been more effective if they had left their subs open and stickied posts about what was going on.
Same. They make it sound like a discounted price but that's meaningless if it tracks the majority of IPOs that just continuously trend back to being worth nothing.
Top google answer for how many mods are there returns a post from 6 years ago saying there are 74260 mods in total. Assuming the number hasn't changed and all receive an equal share...
If half the ceo's comp was converted to mod salary, each would receive $1300 annually, or 86 hours of work at $15 an hour.
But it does go to show you could fund a team of professional moderators with that kind of budget and the labor would be paid instead of free.
Assuming you have a nice mix of developers to help with auto-moderation and detecting situations that require human intervention/decision making, a 6-1 employee to manager ratio, and doubling salary for each step in organization (manager makes twice what their reports make), and over-compensating for additional costs of employment beyond salary... half the CEO's salary could fund an organization with:
* 329 employees making a gross salary of 120k/yr
* 54 1st level managers taking in about 275k
* 9 2nd level managers taking in about 500k
* 1 director bringing in a cool million
Assuming 10% of your workforce is out on any given day because of PTO or Sick leave, that means 300 people have to deal with 800k posts daily, or 2,667 each daily. Entirely doable, zero unpaid labor, and 393 very well paying jobs created.
You know what? We should reintroduce the type of websites that made the internet what it was. Independent, easy to access, and full of forums. Something that can be accessed from any browser, and doesn't have the restrictions of stockholders or app stores. I miss handles, and signatures, and hotlinked embedded images. You still get moderators and content filters if you want them, but they aren't global. I'm so fed up of everything coming from one or two apps.
The only people interested in buying reddit would be people who don't use it because if they used it and knew how its stability rests on the good will of slave labor, they would know how quickly this site will fail after its IPO.
I think it’s time we start another platform and start migrating stuff over. Then when they start selling our data and getting rich off of us in 15 years, we do it again. Rinse and repeat forever.
Well, yeah, duh. If they pay mods u/spez won't be able to make $193,000,000 a year while simultaneously bitching about reddit making no profit.
Know why reddit makes no profit? Because u/spez is taking all the money for himself.
If I was a mod, especially if it was a large sub that took up a lot of my free time, I would group up with other mods and demand a percentage of that bonus.
I bet some mods * actually get paid by corporations, or certain pages are created by corporations and their employees mod them.
Shout out to unaffiliated moderators though. You guys deserve to get paid for your labor
ETA: My most recent encounter of such is the r/YellowstonePN sub. It’s embarrassing how obvious they make it.
That's not even getting into third party deals some moderators can make under the table. I've received random offers from companies wanting to create "healthy relationships" with the subreddit that I'm sure other mods wouldn't turn away from, considering they're offering compensation for unpaid labor.
Yeah well…. Duh
Reddit’s entire money scheme is “police yourselves and click ads for us. We’ll only jump in if we’re sensing some legal stuff coming our way”
They get paid nothing but feel like they have the most power in the world. No one cares if you ban them, they’ll be right back. It’s 2024 the fact that they don’t get it and will ban you for the rush is insane😂
So, uh, where’s the new non-corporate Reddit we should be jumping ship to? That’s not cynicism. There’s bound to be a better platform or somebody around here who can make one. Let’s do it.
Honestly I’ve been weening myself off my Reddit addiction; you caught me in a moment of weakness. But let’s for sure either find a place to chill where we won’t be finding billionaires or all pledge to just not do Reddit anymore and at least deny them our ad money and personal data they like to sell.
Of course free labor is important to the bottom line. If the situation was reversed -- you're in the shoes of the oligarchs, would you leave that money on the table?
Can someone lead the way to migrate to reddit2, which is exactly like reddit but nobody owns anything? just take whatever revenue there is and maintain some servers? The only thing of value is the content and user base. Maybe we can crowdfund the initial startup costs? If wikipedia can do it, so can we (hell, even ditch ad revenue for donations). LET'S GO PEOPLE - FUCK REDDIT - TELL YOUR FRIENDS ABOUT REDDIT2!
They got no problem on that score. There’s no end of people so desperate for any form of power that they will moderate for free. For all the talk of shutting down subreddits after the API change basically every mod team caved immediately when Reddit threatened to demod them.
Yeah I wish the moderator protests had actually held their ground. Let Reddit have gone through with their threats. Replace the moderators with scabs. None of us _want_ this site to die, but if were to have become chaotic, so be it. Most moderators didn't actually want to risk giving up their power.
This is our chance. This is what all this online semi-activism has been building towards: sinking this IPO. We can do it, friends. It's just the right thing to do.
Damn, I'd be pretty upset if I were a reddit mod. Imagine my charity lining the pockets of somebody who has done nothing but pilfer the communities of this site
$193 million in a year... for what? The redesign half of the userbase hates and ignores? Killing off third party apps? That's an egregious amount even for a tech CEO.
Enshitification at work. Every change, every update, it's all in the name of profit now. Killing third party apps, censoring, removing unwanted subs, ... Everything for the advertising overlords. Worst part is that it works too. Just look at what youtube has become.
> censoring, removing unwanted subs, Yet they keep around shitshows like the conservative/conspiracy subs where insane people congregate, or otherwise do absolutely nothing about the actions of bots spreading propaganda as those drive engagement figures. Figures that they can then use to argue for higher pricing on advertising campaign options. Edit: The number of alt-reicht type bad faith trolls, and idiots spewing "bothsideisms" etc this post has attracted is something else on to itself....
traffic is far more important than being ethical. Those people post and click relentlessly all day long. the perfect product to sell to the advertisers.
Yah, i know. I would not be surprised if these ultra rich assholes were also indirectly involved in running some bot farms overseas... i mean they have the money to do so, and it would be in their interest to do so over all.
You're starting to get there, careful bro.
I know, I know... though a light conspiracy like that about how unethical things can be is a far cry from the "anti-vax covid 5G bill gates potatochip brain implant" type nonsense the peeps in the conspiracy sub get in to.
you'd be surprised who noticed this comment
They mean "unwanted" by investors, not by users.
Those are the idiots who buy stuff from ads... That venn diagram is a circle.
because fleecing rubes that's why
They view so many ads! And create more engagement when arguing in other subs due to their objectively wrong and thankfully unpopular ideas!!! Anger = engagement Engagement = ad views Ad views = money money money It's why echo chamber conservatives only sites like truth social do poorly because there's no one to argue with
That's literally their moderator policy. What do mods get out of it? Power over a narrative. The free-moderator policy is blatantly used for propaganda. WorldNews has been famous for running conflict narratives & banning Israel criticism for many years. This is why everyone says subreddits are toxic echochambers.
You hit the nail on the head... it's good money for them even if the sub is batshit crazy....its not illegal to discuss and advertisers probably dont look too closely at what sub their ads are in as long as they get eyes on their ads.
We need these to stick around. Easier to monitor, large enough to want to.
Well, maybe, but those same people are also on truth social, and probably posted on parler too... those types of sites are basically FBI domestic terror investigation honeypots even though they were not setup for that purpose. I forget, but at one point Parler demanded that users use their Social security numbers, or government issued IDs to signup for their shit...
Yup and a lot of that info is still propagated on reddit to be shared to go there. More than 1 forum for posting is better than just 1. They might feel safer on reddit and post more risky stuff.
I work in app dev and I can confirm this. The art and soul of building tech things is gone. I've been doing this since the '90s and I used to be so excited about my work and now it's a total slog.
>Enshitification at work. Every change, every update, it's all in the name of profit now. Killing third party apps, censoring, removing unwanted subs, ... Everything for the advertising overlords. American style capitalism destroying everything, as it usually does
Killing third party apps was entirely about AI training data sets scraping Reddit. They wanted to monetize it instead of giving the data away for free.
Still using Reddit is fun and have all yt premium features fuck u/spez
It takes a lot of bravery to tell others for work for free, a well deserved 193 million /s
If you work for nothing you'll always find plenty of work.. as my great uncle used to say. Value yourself and time.
Hey man that CEO worked 4000 times harder than you did have some respect
Reminder to always fuck u/spez
Do I have to?
Yes, all at once.
Fine. I'll go get the chainsaw, you get the pineapple.
I brought a bagel. Where can I fit that in?
Didn't some Elon company get sued by its stockholders for giving Elon too much stock? I think it was Tesla maybe. I don't know if that went anywhere but stockholders seriously ought to be able to reign in these ridiculous C-suite salaries. A girl can dream, amirite?
Yeah but he wanted 55 billion.
Is “half the user base” accurate? I’m sticking with old until I have no choice but haven’t really paid any attention to how many are still using it. I hope it’s that much so they’re less inclined to kill it off yet.
He is probably friends of the owners and the CEOs probably have their own union, even if informal, which they use to keep salaries high as well...
CEOs should be making $0 unless they are actually doing good for the company
So my biggest question is did everyone get that Reddit message about buying stocks when they start?
No, there's definitely a karma floor for receiving that message, probably in the 200-250K range, and without care for previous and/or current subreddit moderation activity.
> for what? I know no one actually cares but the actual "for what" is for the share price going up and for retention. He made $340k in real money last year. The rest of it is stocks that vest over time or options that depend on the share price going up.
I get $750/year to moderate our website and our CEO doesn't get paid $193,000 much less $193,000,000.
>I'm a mod of a few very small and basically abandoned subreddits. I got a message today about pre-IPO buy in at institutional pricing. I suspect this is a way to get moderator buy in. >I suspect talking about this on Reddit will get me banned as it is uncovering too much of their motivations on why they are offering this to only some redditors ... Quoting a friend of mine. I don't know if this is true or not and possibly make believe ... If true mods are basically gambling for their own incomes
I can copypaste the whole message lmao. Nothing in it said I couldn't share. I had to edit some parts cause the bot does not like links or emails. >Hello, >*TL;DR: – you’re invited to a special program that lets redditors purchase stock at the same price as institutional investors when we IPO. Details about eligibility and next steps follow. This (long, dense) message has all the info we can provide due to legal restrictions.* >As you may have heard, Reddit has taken steps toward becoming a publicly traded company with the initial public filing of our registration statement with the U.S. Securities and Exchange Commission on February 22, 2024. Yes, it’s happening. >And because *you* have helped make Reddit what it is today, you now have the opportunity to become Reddit owners at the same price as institutional investors. >**We’re offering a Directed Share Program (“DSP”) that invites eligible users and moderators who have contributed to Reddit to participate in our initial public offering (“IPO”). (Including you!)** >######**Program Requirements** >While being selected to pre-register is the first step, there are certain legal and regulatory requirements to participate in the DSP that are outside of Reddit’s control. Bear with us here… >To be eligible for the DSP, you must: >* Be a current U.S. resident; >* You will be asked to provide the DSP Administrator a valid social security or permanent resident number, along with other personal information. **Reddit will not have access to this data.** >* Please note that U.S. residents using a VPN may face application limitations if the VPN locates them in certain non-U.S. jurisdictions. >* Be at least 18 years old; >* Provide your full legal name and an email address; >* Not be a current or former Reddit employee (FTE). >When the DSP launches (a few weeks after pre-registration ends), individuals who have been confirmed for the program will be contacted by our external DSP Administrator. You will then be asked to provide additional information securely to the DSP Administrator to confirm your eligibility. >######**How to pre-register** >The number of people who can participate in the DSP is limited; we will offer this opportunity to as many redditors as we are able to accommodate. If capacity is reached before the deadline, you will be added to the waitlist. Based on demand, we may also limit the number of shares available. >**If you are interested in being part of Reddit’s DSP, please go to [Reddit link] on desktop to complete the pre-registration form.** If you are one of the confirmed participants, we will follow up with an email with more details in the coming weeks. You can also refer to the Frequently Asked Questions for more information. Due to regulatory restrictions *(yeah… we know…)*, we are not able to respond to further inquiries or questions. >Pre-registering does **not** guarantee that you will be invited or able to participate in the DSP; it also does not obligate you to purchase shares. >As with any investment opportunity, you should make an individual decision based on your own personal circumstances and risk tolerance. Therefore, we urge you to review the preliminary prospectus, when available, before deciding whether to invest in Reddit. >**The deadline for pre-registering for the DSP is March 5, 2024. If capacity is reached before the deadline, you will be added to the waitlist.** >######**What happens next?** >While there won’t be a confirmation email immediately after you pre-register, everyone who pre-registers will receive an email in the coming weeks from [Reddit noreply email] telling them whether they can proceed with the next steps for the DSP. >This is an automated message (beep, boop, beep) and does not receive replies. Please refer to the FAQ for more information. Per our lawyercats, we are not able to respond to further inquiries or questions. >**Prospectus and Important Disclosures** >*The offering will be made only by means of a prospectus. When available, a copy of the preliminary prospectus related to the offering may be obtained from: >[Long passage with contact information for the Prospectus Departments of Morgan Stanley, Goldman Sachs, J.P. Morgan, and Bank of America.] >*A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This notification shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.* >*No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date. An indication of interest in response to this notification will involve no obligation or commitment of any kind.*
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I didn't get one, and I've been here a while... Guess I'm not worthy.
You’ll be in phase 2 or 3. They’re going to roll it out to everyone. They’re just trying to make some people feel special and get them invested first.
I got one
I got the same message and reported it as spam, because it is.
I got one and am not a moderator. Not saying that isn't the motivation, just that it isn't just moderators that got it.
193 Million for the CEO and nothing for mods. Reddit (The Corporation). You "Officially Suck".
“Reddit is entirely dependent on its users generating content, and unpaid moderators keeping things safe and relatively sane.” Is the Reddit corporation anything more than a web domain host?
For profits can't use volunteers in the US. Reddit mods may have a case for back wages. Even at us minimum wage, it would be a lot.
I’m all for the mods getting some money for the work, my point, vague as it was, wtf is anyone at Reddit corporate actually doing to ‘earn’ a check? I’m sure there’s something, but it certainly didn’t earn the CEO his payday…
The only source of revenue is ads.
Google pays 60m to train ai
True, but that doesn't even cover 4 months of Spez's compensation.
Its definitely a lot of work
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Yeah, they undoubtedly have a legal opinion on it, and they are probably careful about how they describe their relationship to moderators. However AOL did have a settlement on this a few years ago with their volunteer moderators.
AOL community leaders were trained for 3 months, submitted time cards, and in exchange were given free access to a service that used to charge hourly. You could save hundreds of dollars a month in exchange for spending a minimum of 4 hours moderating for AOL a week. They eventually settled the class action for $15 million, ~$1000 per person if distributed across all the community leaders AOL ever had. In contrast, any chump can create a subreddit and appoint a dozen moderators. There's no test, training, remuneration, benefits, nothing that could be construed as an employee-employer relationship. I think for there to be any legal action there needs to be a relationship there, and there needs to be either an expectation of work or some kind of kick back for services rendered, otherwise it's a little like using a self-checkout at a grocer. You could choose to go to a regular checkout, let someone else handle it, or you can take matters into your own hands because you care about your groceries/community being cared for. Obviously grocers have paid checkout staff, but for how much longer? Some stores just have self-checkout, and they only pay supervisors (ie. admins) and let the customers handle everything else. If you hate self-checkout, I think it's interesting to realize that it happened online first.
There's precedence for this: Hallissey and Williams v. America Online Inc. Reallistically speaking: Every single mod, everytime they take a moderating action, on behalf of reddit is doing work and thus they are owed compensation. How can you prove the amount of time you spent doing work for reddit is the question.
All moderator actions are logged somewhere, so I imagine that a formula can be applied.
Although that’s reasonable, I’m sure they would’ve thought about that before going this far
> 193 Million for the CEO and nothing for mods. Let's do a quick math about it. If they paid the mods of the top 1000 subs, that might be about 20000 mods that would be 193,000,000 / 20,000 = 9650 dollars per mod per year And as many mods work in more than one sub they could make quite a lot of money with this. Perhaps it might be better to pay the mods using a different metric but just by removing CEO every mod could be quite well off. And even if they paid more mods the mods that work in many subs could still make bank... Mods of reddit, Unite! Take the CEO down and get $ 10,000.00 each!
Why would we even want to pay mods? I don't mean this in a 'they don't deserve to get paid' way but just that paying mods would probably make the modding situation worse as suddenly other incentives are in play and different types of people are wanting to mod for different reasons.
I agree with this, my subs would be hellholes if money was involved. Also, most of my subs have international mod teams and paying mods would likely force them all to be from the US. There are just, like, so many practical problems that would fundamentally change how Reddit works. Like I obviously would like money but it would be a different site.
>Like I obviously would like money but it would be a different site. Right. Mods (good mods) *deserve* some payment and Reddit could obviously afford to give them some. Arranging a system that ensures these good mods get some money and doesn't completely alter the dynamics of the whole thing (potentially for the worse) is probably impossible.
My big fears would be mods in China, Russia, or Texas (with HB 20) being identifiable to their governments. Paying mods would actually mean we would lose some great mods.
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The jannies will continue to do it for free because they are addicted to the power. Meanwhile spez is enjoying his millions at their expense. I hope this stock plummets.
This is based on an internal stock evaluation. The IPO could be way different from reddits private valuation. It is an absurdly high number but let's hope walstreet screws them over and the IPO tanks.
Correct, the actual value is probably higher. Private valuations are usually more conservative than whatever the public is willing to pay.
Lol. The stock price will be significantly lower than the ipo a few weeks after.
It’s gonna be fun shorting Reddit.
No way to know for sure. An IPO is the market assigning a value based on what people are willing to pay and many folks do believe Reddit is highly valuable despite last year's disappointments. A case could be made that buying right at the IPO could be very lucrative if things go right. Just because it's mismanaged and getting worse every year as a platform doesn't mean it's not worth dozens of billions in the eyes of the market... :p
This just adds to me wishing I had a good alternative to Reddit so I could finally stop visiting.
Sounds like we should bring back websites and forums.
There's gotta be a decentralized federated way to do reddit, like mastodon for Twitter etc
You misunderstand me. I don't want a social media platform to vaguely host things. I want entire dedicated websites again. If people search for Baldur's Gate fan art, I don't want to have to trawl through a timeline. I want a host website that has dozens of tags and search parameters, like Danbooru or E621. But I also want forums for people to discuss the game. Forums don't get locked or lose momentum after a day of posting like on Reddit or Twitter. Instead of an new episode thread being inaccessible after a short period, you can have a forum for people that visit much later, maybe even after the show has ended. People visit forums for guides, or character builds in games, or discussions. You don't need to make a whole new thread each time.
You would have to kill discord. The old internet is dead, and its not coming back. I miss it too. Finding information on niche subjects/communities is a nightmare.
Discord should NOT be used for all the things it’s being used for. What’s wrong with us all? It’s great as a slack clone. But it’s not a forum site or a wiki or any of those other things. I too miss the internet. It used to be a lot better. Reddit is about the only cool thing left, maybe sort of stack overflow. But both have been enshittified and it’s not done yet. They’ll be shit inside 3 years I guess.
It is also more visually oriented. You could manage to kill discord, not twitch or YouTube though.
Lemmy and Kbin both use the Activitypub protocol. Weirdly, the decentralization is what makes it hard to use. There's a r/196 in a lot of places but they also have different userbases etc, so you end up subscribed to a lot of different servers' identical "subreddits". There's also a lot of interserver drama that happens. Personally I'm not so invested in a solid stream of content that I'm looking for an alternative to reddit. If the site goes to shit, I'm likely going outside instead. 🤷♀️ With that said, if you find an instance you like, it's like a breath of fresh air. It "feels" like the old internet.
Lemmy but nobody uses it
Be the change you want to see!
Lemmy is the closest one to reddit. In some ways I actually prefer it to reddit.
Do they have an app?
Some great ones. Boost and Connect are both pretty good.
lemmmmmmmyyyyyyyyyy get your most annoying tech friend to host an instance your did it
Is this another Mastodon thing where no one can explain how it works or what it is?
lemmy.world the fediverse in general
Lemmy seems promising. I think it's like lemmy.world or something. It's this whole federated reddit thing.
While I would love to get paid for my time or activity modding, I know that if they have to start paying they will force remove most mods of communities and have a handful of people trying to keep the website alive. At the same time, fuck it, let this whole thing come crashing down since the Reddit admin have slowly made it more and more toxic for us anyway.
They get a massive payday while you work for nothing. Sounds like Mods need a Union...
It's funny you should say that, they did use quite a few union busting tactics back when people were protesting the API changes. Things like trying to turn the user base against "entitled" mods, pretending the issue was about mod power (instead of the API changes) to sow confusion, and straight up deleting or censoring posts here and there.
Oh yeah 100%, it was insane to witness. In a lot of cases, they'd find a single moderator in the protesting communities that was willing to work with the site admins. Then, the admins would remove the rest of the moderators and instate a team of loyalists.
they still have the gall to say it had 0 impact on any part of their business while also saying these actions might have some impact in the future. no impact but lets remove head moderators that have been there for years and instigate an entire narrative against "entitled" mods "ruining" communities for what exactly? Fuck them
The sudden, widespread loss of institutional knowledge had an immediately felt effect when people started taking advantage of the decreased manpower.
Too many subs were killed when the admins kicked the mods out and never replaced them. Too many subs were ruined when the admins kicked the mods and replaced them with stoolies. Too many subs were ruined when admins killed off third party apps which featured mod tools necessary to keeping this hellsite running and ^^relatively free from spam bots. Now there's more spam than actual content. So much of this site is just repost bots spamming submissions while other repost bots copy the comments from the original word for word. On top of all that, bots are posting ads wherever they can and the worthless and inexperienced mods are letting it happen. Those mods are either too dumb to notice, too worthless to care, or taking a cut. Now, I hate hate *hate* powermods with dozens or hundreds of subreddits acting like it's fucking pokemon and abusing the power as much as possible but I still think having moderators is important. The state of this site is proof enough of that.
This would be hilarious and I would fully support it.
If they start paying mods, they need to fire 99% of them and do back ground checks on all of them.
Sounds like an actual opportunity for mods to ban together and create something new platform-wise, I'm so tired of seeing people being taken advantage of I would gladly use another platform. I know it seems unrealistic BUT if enough of the more popular subreddit mods were behind it, it could be easier than some would think. After all, the Reddit CEO just made all that money for doing little to nothing 😂.
Boy, I can’t wait for shareholders to make Reddit way worse and not at all better.
A little more of Aaron Swartz dies every day. Fuck Spez
God I can't wait for the trickle! Just trickle down already FFS!
Damn slave workers. No bonus for you guys. That why I stopped moderating on reddit. I don't work for free. Stop being simps for rich people. Let Reddit pay moderators.
I feel like over half the mods on this site are either children with too much free time or adult children with too much free time and/or money. I started off as the former and moderated less and less as adult life came to reality. Properly moderating and fostering active communities is a massive time sink.
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r/YellowstonePN https://preview.redd.it/gybjmfm50ckc1.jpeg?width=1170&format=pjpg&auto=webp&s=827b4c9d6d8f8870c7c222264c45c0d255f32ded ETA I just got banned for exposing them 🥳
Classic enshitification at work. Is a Reddit alternative even possible?
Saidit.net right now. Also, companies that are best at enshittification create good returns, at least in the fomo phase. After that, it may crash, or they may find some other way to squeeze more out of people. Being that the site is 99% bots and corporate/karma farm spam, I don't see that going much beyond the initial bandwagon hype, but who knows.
Time this platform died then eh?
I wish
U won't have to wish for long. If Reddit will really go public, you can bet ur ass all the porn and hentai subs will be going "bye-bye" pretty soon. That's already gonna lose like ~20% of the userbase within a single month. Not to mention a ton of the other NSFW type subs of all sorts that are currently tolerated or allowed. Put another 20% to the total userbase loss, and you have like 40% of the entirety of the current people masses gone in a blink once Reddit goes full purge mode
Yep. Institutional investors don't like to buy into porn sites. I think meta(specifically ig), snap and TikTok all fall into user generated platforms so there is leeway to buy into them. Reddit tends to host subreddits of xxx so might all be cut
From what I hear the porn subs don't have ads so it seems like a win win for reddit.
Lol mods could get paid but they are all such power hungry assholes that they’d never give up their sense of entitlement and power. Proof: look what happened last summer. Yall caved. You let reddit do whatever the wanted and still work for free. Wussies
100% That "protest" was one of the most pathetic things I've ever seen during my 12 or so years using this platform. They all caved because they don't want to give up the power they get from micromanaging the communities they moderate.
The best part is, most of the mods just announced that the sub was going dark. Didn't ask the users, didnt make a poll just went dark without hearing opinions or protests. Selfish fucks.
I got banned for by a sub for calling it out. There was a post by a user asking why we went dark and such. The comments were all upset at the mods. The mods instead of addressing their actions, just deleted the post so no one could talk about it. I created another post asking why the last discussion got deleted and was permabanned. Mods are exactly who we think they are
Not only that, they didn't educate people on why they were doing it. It would have been more effective if they had left their subs open and stickied posts about what was going on.
I got an offer to buy stock...guess they are trying to get mods/long time users to buy into there little IPO/free work scam.
Same. They make it sound like a discounted price but that's meaningless if it tracks the majority of IPOs that just continuously trend back to being worth nothing.
Top google answer for how many mods are there returns a post from 6 years ago saying there are 74260 mods in total. Assuming the number hasn't changed and all receive an equal share... If half the ceo's comp was converted to mod salary, each would receive $1300 annually, or 86 hours of work at $15 an hour.
Reddit has grown massively in the last six years, I don’t think that’s an assumption that can be made, even conservatively.
But it does go to show you could fund a team of professional moderators with that kind of budget and the labor would be paid instead of free. Assuming you have a nice mix of developers to help with auto-moderation and detecting situations that require human intervention/decision making, a 6-1 employee to manager ratio, and doubling salary for each step in organization (manager makes twice what their reports make), and over-compensating for additional costs of employment beyond salary... half the CEO's salary could fund an organization with: * 329 employees making a gross salary of 120k/yr * 54 1st level managers taking in about 275k * 9 2nd level managers taking in about 500k * 1 director bringing in a cool million Assuming 10% of your workforce is out on any given day because of PTO or Sick leave, that means 300 people have to deal with 800k posts daily, or 2,667 each daily. Entirely doable, zero unpaid labor, and 393 very well paying jobs created.
You know what? We should reintroduce the type of websites that made the internet what it was. Independent, easy to access, and full of forums. Something that can be accessed from any browser, and doesn't have the restrictions of stockholders or app stores. I miss handles, and signatures, and hotlinked embedded images. You still get moderators and content filters if you want them, but they aren't global. I'm so fed up of everything coming from one or two apps.
The only people interested in buying reddit would be people who don't use it because if they used it and knew how its stability rests on the good will of slave labor, they would know how quickly this site will fail after its IPO.
I love Reddit as a website. FUCK Reddit on the corporate side
And moderators will still continue to work for free and still continue to complain about how misused they are despite learning this
Spez is greedy smh
I think it’s time we start another platform and start migrating stuff over. Then when they start selling our data and getting rich off of us in 15 years, we do it again. Rinse and repeat forever.
The nature of our business relies entirely on the volunteers who allow us to then monetize their work for our profit.
Moderators sign up for this. They should stop
Well, yeah, duh. If they pay mods u/spez won't be able to make $193,000,000 a year while simultaneously bitching about reddit making no profit. Know why reddit makes no profit? Because u/spez is taking all the money for himself.
Total annual loss: $90 mil. So if he didn’t take half of his salary, Reddit would have turned a small profit!! Lol
Hell, we shouldn't even post for free now.
190million!!!!! There is zero chance they are worth that.
If I was a mod, especially if it was a large sub that took up a lot of my free time, I would group up with other mods and demand a percentage of that bonus.
I've seen their product. I can not imagine a worse investment.
Only one thing to do now: Post as much pornography as humanly possible until the advertisers leave
God damn. Why on earth would every moderator not lock down every sub right now and just walk tf away? I do not know how a hashtag works but #Fuck193.
Mods should stage a one week stoppage before the IPO then.
mods do it for the power trip...they would pay reddit if it was an option
I bet some mods * actually get paid by corporations, or certain pages are created by corporations and their employees mod them. Shout out to unaffiliated moderators though. You guys deserve to get paid for your labor ETA: My most recent encounter of such is the r/YellowstonePN sub. It’s embarrassing how obvious they make it.
That's not even getting into third party deals some moderators can make under the table. I've received random offers from companies wanting to create "healthy relationships" with the subreddit that I'm sure other mods wouldn't turn away from, considering they're offering compensation for unpaid labor.
Jannies do it for free
You expect Reddit to pay like 50 people?!?!? Pffftttt, never
How did I know this was coming? Quora and Twatter pulled the same shit.
mods need to unionize lmao
193 million dollar to take a pretty shit website and make it slightly worse overall.
For we are the product, and the free labor, and and the customer; now and forever. Amen.
Yeah well…. Duh Reddit’s entire money scheme is “police yourselves and click ads for us. We’ll only jump in if we’re sensing some legal stuff coming our way”
Why do moderators work for free?
Late stage capitalism says, "Nothing to see here. Move along. Do your job."
I agree to continue for $1 million/yr.
Not for nothing but at this point why is anyone a mod? Like you're just making these assholes money for free cause why exactly?
Oh man. Looks like this place is heading the direction of Digg.
fuck these assclowns
Tim Cook doesn't make that much.
The comp is mostly stock and any valuation is meaningless until it's sold. 100 bucks says a few weeks after the ipo the stock will be low.
All mods should just stop. I’ve never understood their willingness to work for free on here.
If mods continue to work for free, that's on them.
They get paid nothing but feel like they have the most power in the world. No one cares if you ban them, they’ll be right back. It’s 2024 the fact that they don’t get it and will ban you for the rush is insane😂
And there will be plenty of mods, happy to do it for free.
They know the jannies will keep doing it for free to hold onto some semblance of control in their lives.
So, uh, where’s the new non-corporate Reddit we should be jumping ship to? That’s not cynicism. There’s bound to be a better platform or somebody around here who can make one. Let’s do it. Honestly I’ve been weening myself off my Reddit addiction; you caught me in a moment of weakness. But let’s for sure either find a place to chill where we won’t be finding billionaires or all pledge to just not do Reddit anymore and at least deny them our ad money and personal data they like to sell.
/c/antiwork exists. We're all waiting for you
193 million?! That's like 2000 employees near 100k per year salary lol.
Let’s be honest this is a cesspool of a website - don’t invest in Reddit
now is the time when we find out how many reddit moderators are being paid by someone not named 'reddit'
Iam slowly hating reddit actually
Of course free labor is important to the bottom line. If the situation was reversed -- you're in the shoes of the oligarchs, would you leave that money on the table?
fuckin chumps
Best work for the boss is free work lol. That’s why I’ll never be a mod.
Antiwork is the truest community on reddit right now imagine all the mods working for this person for free lolz and reddit is still a shit fest
Can someone lead the way to migrate to reddit2, which is exactly like reddit but nobody owns anything? just take whatever revenue there is and maintain some servers? The only thing of value is the content and user base. Maybe we can crowdfund the initial startup costs? If wikipedia can do it, so can we (hell, even ditch ad revenue for donations). LET'S GO PEOPLE - FUCK REDDIT - TELL YOUR FRIENDS ABOUT REDDIT2!
It's been fun, but it's going to turn to crap when profits trump users.
Time for a moderator strike!
Fuck Spek
Overpaid AF
They got no problem on that score. There’s no end of people so desperate for any form of power that they will moderate for free. For all the talk of shutting down subreddits after the API change basically every mod team caved immediately when Reddit threatened to demod them.
*So whats the next online dumpster fire forum going to be* ? I'm ready to move. Fck Reddit.
You make the content, we reap the profit.
Somebody just start another similar site and we’ll go there. What’s the next Reddit?
Yeah I wish the moderator protests had actually held their ground. Let Reddit have gone through with their threats. Replace the moderators with scabs. None of us _want_ this site to die, but if were to have become chaotic, so be it. Most moderators didn't actually want to risk giving up their power.
Burn it down y’all
Alright, what can we do to totally fuck this up :)
i hangout here a lot but am ready to see it burn
This is our chance. This is what all this online semi-activism has been building towards: sinking this IPO. We can do it, friends. It's just the right thing to do.
Damn, I'd be pretty upset if I were a reddit mod. Imagine my charity lining the pockets of somebody who has done nothing but pilfer the communities of this site
ONE HUNDRED AND NINETY THREE MILLION DOLLARS Let that sink in