Why would anyone buy shares in a company that is not profitable, nor may never be profitable. Even they wrote that in the IPO. What would a buyer of shares be buying a share of?
Well, you get the shares “cheap” because it’s not profitable and hope that they turn profitable, e.g. by selling user data, or paywalling everything like Twitter. The mods make $0. For them, it’s probably more like: Why are the mods only paying us $0? How can we maximize that?
Maybe in 2022. 2023 had 25% of the VC deal volume that 2022 did and 2024 ain’t looking any better.
The age of cheap capital has finished. Unless you’re already healthy or can demonstrate a reasonable path to profitability, later-stage VC is actually really hard to find right now. Angel capital still abounds for people with good track record.
But it’s a tough environment for Reddit to do an IPO in and they probably know it. But they have no other option - they can’t continue into series H, J, Z. Those days are gone.
The mods might actually spend money to run bots and other moderation tools on their own servers. Might even pay reddit for api usage too for using those tools.
The disconnection between the crowd-sourced content (original stuff and commercial articles) and Reddit’s heavy handed dismissal of users always felt weird.
The fact that they (with user help) aggregated OTHER BUSINESS’ content without recompense was a mystery. Like, you didn’t even need to go to the other site to read it.
Senior management people making 200k a year for all the work have to be the most cucked people on the planet. It is pathetic that we let every org get taken over by people less useful than a sponge, and we pay them hundreds of millions for the privelege. Even so called mutuals and co-operatives which are in theory owned by their own members still succumb to this embarassing plague. I don’t know who among these losers first decides on behalf of everyone else we need to get a daddy dom and become pay pigs.
Mods are paid in power and the ability to push their opinions.
A not-insignificant number of them are paid in wages and the ability to push the opinions of their employers. Can’t find it, but there was some well-researched accounts of several of the bigger subs being moderated by think tank / party owned accounts, based on IP-tracking and associated account activity.
Most famously, there was the takeover of the /r/Libertarian server by right-wing agitators back in 2018.
That’s not even getting into the direct (and indirect) advertising that site admins manage on behalf of the company itself, which is functionally a form of moderation.
Most big subs have some kind of professional staff at this point, if for no other reason than inattentive or rebellious moderators have been purged by Reddit admin. You’re not going to find some weekend warrior at the top of /r/pics or /r/news or /r/politics.
I was a mod of a decent sized sub until an admin came in and…somehow…convinced the top mod to make the admin top mod. Left a bad taste in my mouth for sure.
what is that supposed to mean? when the api charges were announced, multiple subs went private and were resurrected against the mods’ free will. other mods were instituted. whether any of those made any money, i don’t know. keep in mind that i was not one of those mods and thus cannot verify that information, it is just what was posted on reddit multiple times. trying to deescalate and moderate a sub is a good thing and we should be grateful to those who actively do, but holding it against them that they do not take any money for that neither makes sense nor does anyone benefit from it.
I was just saying they do it for non monetary reasons, and if there is a continuous supply of people willing to do it for free, they really shouldnt pay.
Yea idk why you have downvotes you’re literally just describing capitalism. Has no one seen others volunteering for positions when other people get paid to do the same thing?
Me: “So, I completed this time critical task a week ago, had it QA tested, and it’s been awaiting approval since Tuesday. I’ve posted my PR with links in the dev chat, I’ve pinged each of you individually each day as well. It is still awaiting approval before I can merge and pick up a new card from our backlog that is dependent on these changes. If literally anyone has the bandwidth to do this review, please do. I’ll post the link here again as well, to make this super convenient for you all, as well as the Jira card for reference, and the changes and requirements themselves are extremely straight forward. It should only take 5-10 minutes, tops. And I will be sitting here useless until it is done. Somebody, please, for the love of god…”
My team: crickets
Scrum Master: “Thanks for the update, kryptonianCodeMonkey… next up is…”
“manager, person_a and person_b are the reviewers on my time sensitive PR. I’m blocked. You are aware of everyone’s priorities, can you indicate prioritization of tasks and delegate how we should act?”
Every time I see these comments, I wonder if I was just lucky with my scrum masters and most actually suck, or if it’s confirmation bias. We don’t have a scrum master where I work, but my whole job as lead is keeping things rolling, and this would be just unacceptable.
My Scrum Master is nice, but her role seems to mostly revolve around enforcing documentation standards, coordinating refinements and retrospectives, tracking metrics on task completion, and maintaining our Jira board. She doesn’t have a lot of involvement with the specifics of development, delegation, or how we execute our tasks.
Yeah, I also wonder what kind of shitty culture they have in these teams? I mean, who would leave a coworker hanging like that? That’s just a collective dick move.
We have big red magnets representing blocked to put on the board. We have to speak about every single blocker every stand up and what the team’s path forward is to unblock the thing. If it’s waiting for vendor, then that’s all we can do. If the ball is in our court for any blockers, and its still there tomorrow without a really good reason, there is hell to pay.
Well on the flip side, I somehow ended up doing legacy projects with a dude that has been coding for decades and is still actively developing in VB and asp.net. Weirdly, the guys not dumb - he asked me for an API and I blew his mind with generics and cut the code down by a third. I then introduced him to the concept of (primitive) components, he isn’t quite sold on the importance of code reuse, but every time I delete 1k lines of old code and replace it with a 20 line function my soul grows
When we do code reviews, it’s basically pair programming sharing screen… Usually we just push everything and wait for bug reports, because this crazy ass company has been using a reference book, a calculator, and hundreds of people were manually re-entering things by memory into QuickBooks until January 1st this year. They were thousands of dollars off in the second week… We thought it was a bug. It was all user errors
He’s been working on this system for 15 years, I ran into a table with 126 columns the other day. Somehow, this dude manages to swim through a database with hundreds of tables and just as many triggers with rawdog sql.
It’s fucking wild…I split my time between that and working on my virtual assistant that brainstorms it’s own development with me, and an app that I’m trying to make into a unified fediverse client.
I know what a tight ship looks like and I push for best practices when I think there’s something to gain worth the fight, but the sheer spectrum of software dev is incredible. My legacy guy told me about what’s been taking all his time lately today - he has to build a system to screen scrape from an emulated IBM mainframe… And I spent my morning working on a unified activity pub interface and my evening testing my weird observation that LLMs speaking UwU seem to perform significantly better
My point being, there’s a sweet spot between methodology/process, and it’s very rare to hit it. And also, software dev is playing in realms beyond human comprehension, and no matter how orderly if seems it should be, every senior dev who still writes code is superstitious, and often correct to be so
Notify the people you have to notify for your blockers, then embrace the absurdity
I mean you’ve done your job and even reminded them everyday that they need to do theirs for you to do yours. Take screenshots and if they try to sack you, straight to court
lemmy.ml
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