this post was submitted on 15 Jun 2023
278 points (100.0% liked)
Technology
37699 readers
271 users here now
A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.
Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
And so, it begins https://old.reddit.com/r/ModCoord/comments/14aeq5j/new_admin_post_if_a_moderator_team_unanimously/
https://www.nbcnews.com/tech/tech-news/reddit-protest-blackout-ceo-steve-huffman-moderators-rcna89544
Reddit CEO slams protest leaders, saying he'll change rules that favor ‘landed gentry’
Can users vote out the CEO?
Rules for thee but not for me
Shareholders can.
Reddit doesn't have any shares or shareholders currently.
Yup, fully aware. I guess what I was trying to say was that there is a way to get rid of a CEO - own a lot of the business.
The venture capitalists can if they have a majority of the shares. Since Reddit raised $1.3B, I wouldn't be surprised if the VCs own more than 50%. The only exception would be if those shares by the VCs are non voting, but I can't see a VC buying non voting shares.
Interesting point about the future of Reddit in that article:
The long-term goal is monetization of subreddits. I'm glad I won't be there to see that happen.
The only lol ng term goal of most CEO is money in their pocket. But some are to dumb, since they often just fall upwards their whole life, so they run their company into the ground.
I think this is where the Fediverse can shine. If a Corp wants to join and host their own stuff, they can, and it will be really clear. Decentralization means that instead of a single broker of the information we can have a range from altruistic to straight up monetization exist side by side. But why some Corp would pay for a subreddit is crazy...I mean, what is the value prop? Companies would have to pay for the subreddit and then moderate it too?
At least when they were paying for bots and shills there was a modicum of plausible deniability.
If anything, the mods are indentured servants who toil on Lord Huffmans plots for free. Landed gentry, my ass.
That's the exact definition of serfdom.
It's frustrating that being a mod is first-come-first-serve, but people have been complaining about the system for many many years (/r/Canada is one strong example). So in a way, voting on mods could be a welcome change, but this is clearly not actually for the good of the community.