this post was submitted on 14 Jul 2023
936 points (98.3% liked)
Technology
58150 readers
4344 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
More likely just moved to cold storage to save money. It’s expensive to keep data in an easily accessible database. If you don’t need to access it you can move it to object storage for pennies on the dollar and still keep it accessible for whatever nefarious data brokers you want to sell it to in the future
How much data are you storing and how much do you think reddit is?
Right but the difference is Reddit is now charging an extortionate amount for data access via the API when compared to other platforms.
What do you think this (if achieved what was hoped) massive new flow of income was supposed to help sustain?
Oh yeah, infrastructure costs.
No need to be quite so condescending is there?
I fully understand how they work.
Seems like this growth they should be trying to achieve is fucking futile when they:
Not to mention, infrastructure costs lead to growth.
If you don’t have the resources to support your current platform, you shouldn’t be actively trying to grow the platform by discarding older content. It makes those accessing and making use of the content (be it individual or institutional) lose trust in the quality of data.
Great growth strategy that.
He means the business model they're going for with the IPO.
Growth means the value of the company. The shares. The stockholders getting dividends. It has fuck all to with user experience, or even user growth. It's about manipulating information and using clever accounting to get investors to give you money.
The company is worth fuck all if their sole “money generation” process is via user data and authentic conversation.
Users ARE Reddit.
No content, no value.
No value? No dividends.