• Hiccup@lemmy.dbzer0.com
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    1 year ago

    I hope reddit advertisers can see this. Why would you want to be associated with a site that discriminates against the blind?

      • CumLizard19@lemmy.world
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        1 year ago

        And if I remember correctly that value cut was from before all this happened so it’s probably fixin to drop even more

        • Morose mammal@lemmy.fmhy.ml
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          1 year ago

          Here’s hoping. (yeah, I’m an unreasonable, hateful bitch. I despise what they did with the Apollo dev (and others) and I hope it bites them in the arse.)

          • aggressiveavocado@lemmy.world
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            1 year ago

            I wish it lives. May we never forget Aaron’s dream for the platform. May we never forget it. It’s my goal in life to carry on in his and other’s footsteps so we may use what we have made to help others.

              • glockenspiel@lemmy.world
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                1 year ago

                He definitely would have been all about ActivityPub, if not involved with bringing it about. Still amazes me that he was one of the inventors of RSS, arguably a proto-ActivityPub.

      • morganth@discuss.tchncs.de
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        1 year ago

        That’s not them actually losing money, though. They’re a private company, not a public one. Their valuation is just what analysts think that they’re worth—it has nothing to do with how much money they have.

        • ThatGirlKylie@lemmy.world
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          1 year ago

          True, but the valuation is for investors and per fucknut, Reddit isn’t making any money, hence the api push to a paid platform.

          Also, Reddit is going public soon when they IPO and investors aren’t going to want to invest in a bot ridden, non active community.

          I’d say 75%+ used Reddit on their phones and many of them used 3rd party apps.

          The point is, Reddit IPOing soon and then this fiasco is the worst thing for them.

        • burningmatches@feddit.uk
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          1 year ago

          Private companies (which is most businesses) are still worth something. If big investors like Fidelity value your business at $1bn, banks will absolutely consider that as collateral for loans and so on. And if they say your business has halved in value, they’ll consider that too.

        • gsfraley@vlemmy.net
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          1 year ago

          But valuation is a very real predictive measure on IPOs, and what Reddit is making all these bad decisions in preparation for. They tried to cut a little more pie by dragging third party app users onto their app to try and increase revenue and bump valuation, it’s just that it was so terribly misguided and executed that it had the opposite effect and blew up in their face.

    • Magiwarriorx@lemmy.world
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      1 year ago

      I get advocacy and I think this is a major point in the API changes, but the blind community deserves better than to just be ammo for this fight.

    • iatenine@lemmy.world
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      1 year ago

      There have been reports of the traffic to their advertising portal dropping by about 20% over the past month