this post was submitted on 15 Jun 2023
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"It's time we grow up," says former moderator of jailbait subreddit.

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[–] [email protected] 14 points 1 year ago (1 children)

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.

[–] [email protected] -1 points 1 year ago (1 children)
[–] [email protected] 5 points 1 year ago* (last edited 1 year ago) (3 children)

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.

[–] [email protected] 1 points 1 year ago (1 children)

I think he's referring to how Reddit used to operate on Tencent funding. Tencent is partially owned by the Chinese government.

[–] [email protected] 0 points 1 year ago* (last edited 1 year ago)

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.

[–] [email protected] 0 points 1 year ago (1 children)

I am asking this in full earnestness: is any critique of the Chinese government assumed to be rooted in xenophobia?

[–] [email protected] -1 points 1 year ago* (last edited 1 year ago) (1 children)

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.

[–] [email protected] 1 points 1 year ago (1 children)

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.

[–] [email protected] -2 points 1 year ago* (last edited 1 year ago) (1 children)

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.

[–] [email protected] 0 points 1 year ago (1 children)

If this is the thinking I can expect on this instance, perhaps this is not the instance for me.

[–] [email protected] -1 points 1 year ago (1 children)

If you want to practice xenophobic discrimination, this might not be the instance for you. This behaviour has zero tolerance here.

[–] [email protected] 1 points 1 year ago

I have not, nor intend to do so.

[–] [email protected] -2 points 1 year ago (1 children)

It's well known and accepted that the Chinese government has significant control of Chinese companies, and Reddit is partially owned by Tencent. That's not xenophobic.

The fact that it's something like a 5% stake is more relevant.

[–] [email protected] 1 points 1 year ago (1 children)

Read the below response. https://lemmy.ml/comment/750332

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/

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.

[–] [email protected] -1 points 1 year ago* (last edited 1 year ago) (1 children)

"a literal US military arm" is just as ridiculous. It's neither.

[–] [email protected] 0 points 1 year ago (1 children)

Far, far less ridiculous than "Chinese government controlled", as there is real proof of US military astroturfers, as shown above, and Reddit even suppresses this information intentionally. The whole of frontpage is suspiciously filled with pro-US imperialist propaganda and an anti-China/Russia article every week with dozens of awards.

[–] [email protected] -2 points 1 year ago

And you think there aren't Russian and Chinese propagandists on Reddit?

pro-US imperialist propaganda

Right. Like all those school kids getting shot.