People are starting to place bets on Reddit's civil war — Business Insider
People are starting to place bets on Reddit's civil war — Business Insider
BetUS said not all everyone believes Reddit might reverse its pricing move, but almost all think CEO Steve Huffman will survive regardless.
Hundreds of people are putting money on whether the company will back-track on its new API pricing policy or oust its CEO Steve Huffman, BetUS told Insider.
The online betting company said there was "very close heat" over whether Reddit will reverse its new pricing policy.
"So far, the betting public seems very much "at odds" and are undecided on this one so far," it said.
Almost all bets have been on Huffman still being CEO by December 31, BetUS added.
To be honest, I've been dissatisfied with Reddit for quite a while now but just didn't realise it. Once I dipped my toes into the Fediverse I realised what it was I'd been missing: that sense of community that Reddit used to have before it became too big, too cold and too corporate. In my defence I used RIF for years and was shielded from the worst excesses of corporate culture. After setting myself up on Lemmy and getting a bit of a handle on what's what I'm really enjoying the sense of intimacy and DIY ethos. It's far more like the Reddit I used to know. It feels good to be back.
Same. I've really been enjoying Kbin. More than I've enjoyed Reddit in years.
When Relay for Reddit goes down, that site is dead to me. If someone can make a Relay-quality app for Kbin it's game fucking over haha.
The only thing I'm going to miss is /r/askhistorians. What a great subreddit.
I generally post in search of comments rather than upvotes, and I feel like Kbin/Lemmy are a lot better about that than Reddit. On Reddit, a post with only 50 upvotes is probably dead and will only get like 3 comments, meanwhile here it's easy to get a huge number of comments with even a comparably small number of votes.
I suppose it helps that there's just not as much content so far, a 50 upvote post here is legitimately good engagement relative to the userbase, while on somewhere big like Reddit it's a drop in the ocean
It definitely feels akin to a simpler time on the web.
Same here. Had been using RIF for a long while as well and recently realized that it really was like a screen that managed to filter the worst of it if you knew how to customize your experience. Without that, there's no point anymore. The Fediverse has its own learning curve, but it will be worth it just to find the instance and comms I'll be most comfortable in.
I had over a hundred subreddits in my Home page, and several hundred ones blocked from All.
Many of my subscribed subreddits had a sense of community. Three examples that I will miss, off the top of my head, are StanleyKubrick (small-to-medium) MadMen (small-to-medium) and Baseball (large).
Not gonna happen. They'll stick by the API changes, maybe with some tweaks. The main structure will be the same, I'm sure.
My thought is that, even if they did reverse the pricing changes, would any of the third party apps stick around? Apollo, Sync, and RiF have all announced shutdowns and I doubt pricing changes would change that at this point. I could be wrong.
They wouldn't shut down if the API changes were reversed. It's still a revenue stream for them. But I could easily see them not developing the apps anymore without stronger assurances of long term support.
I know at least Apollo would not be returning, the dev made that clear when they asked about extensions that they would not be putting the bot on the platform and that regardless of if an extension was given the project was being sunset.
Spez is a sacrifice. He says all the villain words, gets everyone to hate him, then he is fired with a severence so reddit can give mods their bots back and call it a day while not addressing any of the wider concerns.
Markets can be used to predict things by extracting information from the crowds. Every individual person has an incentive to do the best analysis he can and use all the information he can to make a return. And so the rest of the world can look at the prices and get an idea of what the best assessments out there are.
The US intelligence community, some years back, started trying to establish a futures market on things like assassinations, because having a powerful predictive tool to know in advance when something happens could be useful. It was controversial -- probably helped by the rather scary logo of the Information Awareness Office, the guys working on it -- but one point raised that caused it to be shot down is that the establishment of a market where people are betting on an outcome can affect the outcome if the bettors can act to affect the outcome. Like, say I make purchases in the market that are betting really hard on the unlikely probability that some world leader is going to be shot in the next week. I might just run out and get myself a rifle and make myself a whole lot of money.
The decision was that that was a pretty serious misincentive, and so the idea of having a futures market on assassinations was dumped.
But, coming back to the current situation, if one believes that one can push the situation one way or another, it might be that an organization could place a considerable bet and then try to swing things.
Lmao that logo, they really can't help themselves with the Illuminati allegations can they
And it also looks like something thrown together in Paint for the Chinese knockoff version of the real thing. I mean ok, go for scary pyramid logo, but hire a designer FFS.
If I'm not being punked right now, this is absolutely hilarious. I dare someone to write a better comedy.
When you want to short sell, but there hasn't been an IPO yet...