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1. nixCraft 🐧 (nixcraft@mastodon.social)'s status on Saturday, 24-Feb-2024 19:34:51 JST nixCraft 🐧

   Reddit is going public via the IPO route. Last year, the CEO got $193 million, but moderators are not paid and expected to work free past IPO. Only some moderators and active users in the USA can apply for Reddit's initial public offering to buy stock at a special price. Most Reddit users are motivated by fake karma points and likes. Also, they banned all unofficial Reddit mobile clients. Meanwhile, the CEO profits while everyone provides free labor.

   More https://www.thedailybeast.com/reddit-files-to-go-public-reveals-that-it-paid-ceo-dollar193-million-last-year?

   • nixCraft 🐧 (nixcraft@mastodon.social)'s status on Saturday, 24-Feb-2024 19:39:29 JST nixCraft 🐧

     in reply to

     You can't browse NSFW subreddits without logging into your account. On Reddit, users share their adult content for free, while the CEO and management team benefit from the platform. This is why federated social media is important. One corporation should not have too much power to dictate how and what we are allowed to view without an account.

   • nixCraft 🐧 (nixcraft@mastodon.social)'s status on Saturday, 24-Feb-2024 19:48:03 JST nixCraft 🐧

     in reply to

     Until last year, Reddit used to encourage many users to guilt-tripping them to buy their gold coins. Now we know who got paid with those gold coins. It was for the CEO's exorbitant salary. Lmao. I even brought some coins out of that guilt trip. I feel like such sucker. You can't trust anything or anyone these days.

   • シナモロール :kirby: (cuteprince@mastodon.social)'s status on Saturday, 24-Feb-2024 19:49:33 JST シナモロール :kirby:

     in reply to

     @nixCraft even when you are logged in you're not allowed to view NSFW unless it's through the app (at least in UK 😵💫)

   • nixCraft 🐧 (nixcraft@mastodon.social)'s status on Saturday, 24-Feb-2024 19:49:58 JST nixCraft 🐧

     in reply to

     • Totally with Ю ⁂

     @yuliyan i agree. it kinda sucks. the community spirit is dead for some time.

   • Totally with Ю ⁂ (yuliyan@nahe.social)'s status on Saturday, 24-Feb-2024 19:50:00 JST Totally with Ю ⁂

     in reply to

     @nixCraft In contrast, it costs 15 million dollars a year to run #Signal on a global scale! Reddit is not about the users anymore, hasn't been for a while. Users are nothing but a depersonalized recource, not customers. It joins Facebook in the corner of the slowly diying capital-infested rotting pile of broken platforms.

   • nixCraft 🐧 (nixcraft@mastodon.social)'s status on Saturday, 24-Feb-2024 19:54:20 JST nixCraft 🐧

     in reply to

     • シナモロール :kirby:

     @cuteprince they now banned all VPN users too.

   • nixCraft 🐧 (nixcraft@mastodon.social)'s status on Saturday, 24-Feb-2024 19:57:04 JST nixCraft 🐧

     • シナモロール :kirby:

     @cuteprince if you login then only VPN is allowed. Log out and see if you can browser from the desktop. They are gone truly crazy.

   • ElectroFetish (electrofetish@mastodon.social)'s status on Saturday, 24-Feb-2024 20:34:25 JST ElectroFetish

     in reply to

     @nixCraft capitalism!

   • C.S.Strowbridge (csstrowbridge@mastodon.social)'s status on Saturday, 24-Feb-2024 21:43:09 JST C.S.Strowbridge

     in reply to

     @nixCraft
     I think Reddit is going to make a fortune in its IPO, because something something AI training data something something.

     Then when that turns out to be the next NFTs, the CEO will be paid well over $100 million to leave and the company will collapse.

     Usenet is still around and I still have an account somewhere. I should see if there's enough activity there to work.

   • Musa Nony (jadugar63@mastodon.social)'s status on Saturday, 24-Feb-2024 21:49:54 JST Musa Nony

     in reply to

     @nixCraft
     Joke’s on Reddit. Never registered for an account. Use old.Reddit on desktop, use lurkur app on smart phone.
     Hide flair, coins, and all that nonsense BS.
     It’s the last throes of Reddit anyway, owners last gasp at cashing out.
     Obligatory fuck u/spez.

   • Musa Nony (jadugar63@mastodon.social)'s status on Saturday, 24-Feb-2024 21:53:07 JST Musa Nony

     in reply to

     @nixCraft
     #reddit to most mods: we’ll pay you in karma for that invaluable addictive #dopamine hit you so desperately need.
     Mods: yeah we takes it, better than nothing.

   • Max™ (maxthyme@mastodon.social)'s status on Saturday, 24-Feb-2024 21:55:15 JST Max™

     in reply to

     @nixCraft Servers $125
     Moderation $0
     CEO $193,000,000
     Ad Services $450

     Someone who is good at math please help me budget this, my IPO is dying

   • Hasko 🇪🇺🦄🌻 (lontrachen@mastodon.social)'s status on Saturday, 24-Feb-2024 22:12:57 JST Hasko 🇪🇺🦄🌻

     in reply to

     @nixCraft seems like they are taking a standard silicon valley company path

   • Arthur (averseabfun@mastodon.social)'s status on Saturday, 24-Feb-2024 22:24:09 JST Arthur

     in reply to

     @nixCraft actually, IS there a federated alternative to Reddit? I hope so(also, if anyone knows of one, please hmu)

   • Owen Tyme (owentyme@mastodon.social)'s status on Saturday, 24-Feb-2024 22:42:12 JST Owen Tyme

     in reply to

     @nixCraft "Welcome to life, Irkin child. Report for duty."

     --Invader Zim, Episode 3a, when Zim remembered his birth

   • 4everpushingaboulder (boulder@mastodon.social)'s status on Saturday, 24-Feb-2024 22:58:29 JST 4everpushingaboulder

     in reply to

     @nixCraft
     Fuck u/spez.

     #reddit

   • LaserscopeOG (laserscope@mastodon.social)'s status on Sunday, 25-Feb-2024 01:37:14 JST LaserscopeOG

     in reply to

     @nixCraft wait it gets better. They operated at a loss of about $70mil last year. Reduce the CEOs pay to under 5mil (still enormous) and they would've made a very good profit instead....

   • Matt (wizard3rdclass@mastodon.social)'s status on Sunday, 25-Feb-2024 01:39:48 JST Matt

     in reply to

     @nixCraft When could you ever trust anyone or anything that you hadn't let into your heart?