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[–] BigDrunkBoat [S] 1 points 133 points (+134|-1) ago  (edited ago)

~~~CONTINUATION~~~

5. Reddit 2.0: All Alexis and Pao need to do is keep the ship floating for 6-8 more months until they fully transition reddit into being a commercial machine. How? Well, right now the hivemind believes that the mods are the content creators that are absolutely necessary to the success of reddit. And that's true, right now. But walk into any high school C++ class and you can find a teenager who can make an algorithm that takes stuff from places like Voat (I myself keep saying "I'm off to Voat!" as though it really fucking matters, but it doesn't) or 4/8chan and auto-transfer them here, without even linking the original site. Get a skilled enough programmer with enough knowledge of what's good content appropriate for reddit, and you can build a great algorithm that can steal it, and recreate it here, so it looks like it came from reddit. And while some people will be savvy enough to see what's going on, most people wont, or wont care. I mean, Alexis said that AMAs will be facilitated through a general AMA@reddit email address, and refuses to say who will be the person behind that address. That's because it's not a person. It's a team of marketing specialists working with a team of engineers. No faces. No names. So that Victoria doesn't happen again. That's why Pao and Alexis put such an emphasis on employees going to San Fran instead of working remotely. They want a centralized and faceless infrastructure of control that will have all the power and run the entire website. I have no doubt that these "mod tools" that run the narrative will be nothing more than a fancy aesthetics package. In this future, mods will be glorified website designers, algorithms and PR men will control all the content of reddit - as they have been these past couple of days. I've been carefully looking at the front page and the top posts, and it is phenomenal how many anti-reddit posts with phenomenal upvotes have been off the front page. That is website manipulation 101. More of that en route. And like I said, if they can stay above water for another 6-8 months, then at that point all the mods and content creators can leave for Voat and it wont matter. The infastructure and algorithms will be in place to take whatever these refugee mods and content creators are putting on Voat, and recreate it here. However, the difference is this: say an electronics company advertises on reddit, that company is a subsidiary of, let's say, Berkshire Hathaway. New Wikileaks documents get released. It implicates Berkshire Hathaway in a shady deal with Blackwater or something awful and Iraqi kids died or something. Because that electronics company pays to advertise on reddit, and is owned by Berkshire Hathaway, the news of that new Wikileaks dump will never ever ever see the front page. That is Reddit 2.0

SUMMARY: In closing, reddit, like American banks, is "too big to fail," but not for the same reason. American banks are too big to fail because we would go down with them. But reddit is too big to fail because at this point it is so big that it literally cannot fail. I appreciate that most of the world is "tech savvy." But "tech savvy" and "internet savvy" are two very different things, and even the average millennial is not "internet savvy" enough to understand the cyber politics that are happening here. They will not care. Reddit currently is the content creators, but in the long term, reddit is unique hits, that's the epicenter of all this, and that will never go away. The lay will always come here, regardless. Contemporary philosophers like Nick Land and Paul Virilio have been saying this for decades: the internet is not the well of democracy and meritocracy, and honesty that we all think it is. It was in the 90s. However, It has been bought and sold so many times over, and the infrastructure is almost completely in place to make this the world's most curated shopping mall/billboard. It's done already. The problem was that the few people who are "internet savvy" and should have seen this coming are also incredibly bitter are the realities of the non-cyber social world. It's cognitive dissonance. They can't reconcile with themselves the fact that the cyberworld is not the benevolent and authentic equalizer they think it is. Cyberspace is the only place that took them, so they ignore the fact that it is entirely a commercial tool and they are the product, and Reddit will be the front page of the internet for as long as we have electricity.

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[–] Caboose_Calloway 0 points 76 points (+76|-0) ago  (edited ago)

I'd like to add a few points about Venture Capital in particular, which wasn't mentioned enough:

  1. Mandatory exit. Venture capitalists are in it just for the money. VC will set a time frame and will cash out at the end of that term. For Reddit that was 10 years. You didn't think all this was just coincidence with their 10th anniversary did you?

  2. Loss of independence You may still be the chief executive officer, but you answer to the board now and it's not just your company anymore. The VCs will ask for one or more board seats and the right to veto key decisions and control the firm's capital structure.

  3. They will have the right to fire you and your management team. You could find yourself reporting to a new CEO, or be ousted from the company you founded

  4. Anti-dilution protection. If the company's stock price goes down any time in the future, they get additional stock for free.

  5. Dividends. In addition to stock, they get a guaranteed rate of return.

  6. Liquidation preferences. VCs get their principal and dividends back before anyone else gets a penny.

  7. Participating preferred. They get to double dip—they first get their investment plus dividends, then the value of their stock.

  8. Mandatory redemption. This requires the company to buy their stock back by a certain date, establishing a deadline for an exit event.

  9. Demand registration rights. The VCs can force the company to file a registration statement with the Securities and Exchange Commission to initiate an initial public offering—another way of forcing an exit event. Reddit is not big enough for this to be worthwhile.

  10. Approval rights. The VCs must approve any new financings and have the right to participate.

  11. Reps and warranties. You'll also have to accept personal liability for representations you've made about key aspects of the company. They will have the right to sue you for all you own if you forgot to give them any bad news.

[source]

We can all see how all of these played a part in the demise of Reddit. It is now owned and commandeered by the same outfit that publishes GQ and the Bride magazine, so go figure.

This is especially relevant because VC are currently in talks with Atko and PutItOut - two inexperienced students with no lawyers on their side to open their eyes.

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[–] RaptorSixFour 0 points 24 points (+24|-0) ago 

This will be bad, because if the VC forces Voat to do the same things Reddit is now, then we will need a new website in about a decade. Only this time it will be harder as the market becomes bigger. Already, Voat is having trouble growing due to the size of the market, can you imagine what it will be like in 10 years?

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[–] Shhhhhhhhhh 0 points 17 points (+17|-0) ago 

This is pure evil. This is how business works, no wonder most executives fall into the category of psychopath. You have to have no heart to be successful in this field. It makes me so sad. I knew it was gonna happen eventually, I just really enjoyed the site as did many of us, or we wouldn't be so opinionated when it's mentioned...

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[–] newbieatthegym 0 points 11 points (+11|-0) ago 

I would like to see Atko address some of these points \ concerns. What worries me most is, if true, that they have no lawyers.

Plus, why take VC money when they could come to the community, whether donations, or sell shares to us directly. Why has the community not been given that opportunity? Why not set up a subscription model for those that want to help? SUrely there alternatives to Paypal that could facilitate this.

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[–] whynotanon1 0 points 6 points (+6|-0) ago 

ouch that #1 point really hurt

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[–] Xployde 0 points 24 points (+24|-0) ago 

Wow, that's some Illuminati-tier shit right here, but totally believable. Kudos for compiling a shitload of info, it was an interesting read that gives me some food for thought. Maybe, Pao has been on it even before she left her previous job and the lawsuit following her leave was actually a publicity stunt, to make her appear bad in the eyes of the public. It explains why she refused to settle outside of court.

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[–] parrygrin 0 points 19 points (+19|-0) ago 

Makes sense, and the SJWs are a cash cow market. I read some solid analysis of them as a marketing demographic a few months ago. (Top voted comment.)

[–] [deleted] 0 points 3 points (+3|-0) ago 

[Deleted]

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[–] cointelpro_shill 1 points -1 points (+0|-1) ago 

I agree that reddit is trying to gentrify, but I have such a hard time believing the rest of that post. It's too perfect... like, the wolf of wall street in here, telling me how all-male companies dupe SJWs out of their money because they're trust fund babies and low-status males. And this is somehow ludicrously more profitable than exploiting any other demographic. Then the idea that 4chan is trying to head in this direction of becoming a space for SJWs...lol. The dude just seems like he's practicing his "writing assertive paragraphs like a hotshot who knows what he's talking about" game.

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[–] anatomygeek 0 points 17 points (+17|-0) ago 

Probable and plausible. Making 'the front page of the internet' a mellow buzzfeed duplicate, a solid cash cow.

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[–] BigDrunkBoat [S] 0 points 11 points (+11|-0) ago  (edited ago)

Precisely, I'm not quite sure what to call it yet. I suppose "The Miley Cyrus Effect" works. Basically the notion that once you are that famous it becomes almost impossible to lose your reputation. Once reddit effectively became 'the front page of the internet' it simultaneously became an unstoppable juggernaut.

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[–] MaxTrollbot 0 points 6 points (+6|-0) ago 

I have seen a lot of "Buzzfeed-ification" going on over there, now that I think about it.

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[–] Genghis_Khan 0 points 96 points (+96|-0) ago 

Let's see:

  1. Doesn't read like copypasta spam
  2. Not whiny or circlejerky
  3. Actually about reddit (on topic)
  4. Plausibility aside, a reasonable argument
  5. No "Pao = literally Hitler" nonsense (basically the same as point 2)

Seems fine to me. Keep it up.

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[–] BigDrunkBoat [S] 0 points 35 points (+35|-0) ago 

Yessssss. The mod is down with this post. God I love Voat.

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[–] thesilverpig 0 points 5 points (+5|-0) ago 

BigDrunkBoat gets a BigDrunkVoat.

Upvoat that is

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[–] fartingbrutality 0 points 4 points (+4|-0) ago 

I've found my home for content discussion here :)

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[–] 638810? 0 points 1 points (+1|-0) ago 

Agreed. Voat is turning out to be a pretty solid group of people, I think.

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[–] sgtkeel 0 points 0 points (+0|-0) ago 

Where's my "everybody walk the dinosaur!!!" I'm outraged.

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[–] goatboy 0 points 27 points (+27|-0) ago  (edited ago)

OP, you assign way too much competence, credibility, and forethought to all this. There are many ways to appeal to advertisers without declaring open war on white heterosexual men (which was the core of the user base). Reddit, decided it should stop being a news and views website and transform itself into a pintrest and facebook competitor. It succeeded. Unfortunately, it discovered that pintrest and facebook users would choose to stay on pintrest and facebook. Only the most vocal, fat, jewish lesbians, and their minions would go to reddit- and then only long enough to watch the place burn. All the amazing and hot jewish chicks never even went to reddit in the first place.

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[–] 86lover 1 points 7 points (+8|-1) ago 

OP, you assign way too much competence, credibility, and forethought to all this.

I agree, reluctantly. It fails Hanlons razor.

Never attribute to malice that which is adequately explained by stupidity.

I want to believe, but...

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[–] Cain_Largo 0 points 0 points (+0|-0) ago 

Don't you mean Hanlons razor should succeed here? So Hanlons razor is true, in other words.

If you break his huge post down, the simple idea remains that commercializing re**it with Ellen as a scapegoat for censoring.

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[–] ZELF 2 points 0 points (+2|-2) ago 

this sounds so butthurt.

I'm sorry hot chicks don't like you.

[–] [deleted] 0 points 0 points (+0|-0) ago  (edited ago)

[Deleted]

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[–] veetack 0 points 10 points (+10|-0) ago 

Too long, so I'm continuing in a comment; if this sounds ridiculous, please keep in mind that my username is "BigDrunkBoat" and I am intoxicated, so if nothing else, you may simply laugh at this and move along

Based on this, I'm assuming you're not American. If so, Jesus man, it's 8 in the morning...

All that aside, I think you've kind of nailed it on the head here. While I originally didn't see it, it's become pretty clear that Ellen Pao is nothing more than a patsy for a lot of unpopular changes. I think a lot of people are seeing it now, not just people of /r/conspiracy. Alexis is smart, there's no doubt about that, and even still it seems we're playing into his scheme. All of the blame is falling on this movie-like corporate villain (Pao) and he's appearing to get off clean. She'll disappear in a few months to a year, after the damage has been done, with a severance exceeding the completely "arbitrary" amount of 2.7 million dollars (If you don't know why arbitrary is in quotes, look it up, that's the amount she's been trying to get from Kleiner Perkins and also the amount her husband is in the hole after his ponzi scheme mess).

This is a win-win for Alexis. He is the operator behind the machine. He gets his site commercialized beyond all recognition, throws the blame on the person whose job it was to take the blame the whole time, makes some half-hearted apology about the state of Reddit during her tenure, and makes empty promises the "fix" it and take it back to the way it was. However, the damage is done, and he's riding the tidal wave of money that is now coming in until the site dies because discussions like this come to the forefront and people realize that this was the plan all along. This is one conspiracy theory that just makes too much sense to not be at least generally true.

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[–] BigDrunkBoat [S] 0 points 18 points (+18|-0) ago 

I'm glad you enjoyed it. When this whole thing started I really just felt this hunch that something just didn't smell right. Usually I'm pretty uninterested in reddit politics, but I have a background in cybernetics, and then my inner Matthew McCaughnahey from True Detective came out and I just needed to figure it out.

Also, hahaha, I actually am American, but am currently on vacation in Europe, so I guess that says something about who I am fundamentally as a person considering that this is what I do while on vacation.

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[–] Caboose_Calloway 0 points 6 points (+6|-0) ago 

Cybernetics!

It has been a long time since I last heard that word. Glad to have you here.

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[–] RaptorSixFour 0 points 2 points (+2|-0) ago 

Yes, it means you live on the internet. Not many people do.

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[–] Sorahzahd 0 points 1 points (+1|-0) ago  (edited ago)

amount of 2.7 million dollars (If you don't know why arbitrary is in quotes, look it up, that's the amount she's been trying to get from Kleiner Perkins and also the amount her husband is in the hole after his ponzi scheme mess).

Small correction - she owes around $2.7m for her frivolous lawsuit against KP. She was seeking $160 million, which is the amount her and her husband stole in their ponzi scheme.

I think she actually owes an addition hunk of millions to her own legal defense now, as well.

So all told, she's probably going to start looking for ~$200 million+ to be able to dig herself and her beard out of the hole they've dug themselves.

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[–] veetack 0 points 0 points (+0|-0) ago 

Oh wow, my information was way off. Thanks for the correction!

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[–] audiomoddified 0 points 0 points (+0|-0) ago 

Cybernetics and augmented reality are two of my passions, it's good to see someone else into that stuff too. Also, noticed your a mod of /v/cybernetics. I subbed.

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[–] VictorSteinerDavion 0 points 4 points (+4|-0) ago 

And the thing is, while mods are the content engine, and are absolutely necessary now, they won't be soon enough

The most egregious of this is r/science.

The silly fools are all lined up to echo the party line, but they haven't yet clued into the fact that their beloved 'rational science' sub will be taken over by corporations with agendas to push.

Soon the only thing r/science will filled with is publicity for corporations latest products.
The most disappointing part of it all is how willing they all are to play along.

If you thought global warming denialists were bad now, wait till they take over the main place people get their science news from.

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[–] Sorahzahd 0 points 1 points (+1|-0) ago 

Already has been - see the Monsanto "AMA" with pre-approved questions only, and the fact that the "scientist" doing the AMA is actually a lobbyist and PR person, despite r/science's AMA rules forbidding them from doing interviews with marketing people.

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[–] VictorSteinerDavion 0 points 0 points (+0|-0) ago 

The monsanto one really opened my eyes to how bad it was already.

It's just going to get worse and more blatant.

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[–] kevashcraft 0 points 4 points (+4|-0) ago 

This all hangs on the premise that users are going to the site for links (that could be scraped from voat), and links are great and all but that's not what keeps us here. Real page time comes from the comments and participation. I mean, sure you can get some visitors to a site that just listed the top 200 links of the day, but there's no context, no top comment to say "Hey, this is what I think about this", no way to interact and make you feel like you're apart of the experience.

On top of that, the brand name has been tarnished. The same reason advertisers would not have linked themselves to a site that had unpleasant sections will also be timid to align themselves with a site that's rapidly become hated and called out for censorship.

Plus, if this all is a premeditated shit-storm, that "apology" would have been a resignation.

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[–] RaptorSixFour 0 points 3 points (+3|-0) ago 

In regards to that last part, not if they plan on more changes, potential more drastic ones.

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[–] Jamie_Dodgems 0 points 2 points (+2|-0) ago 

Good points m8, good points. It's a good thing to be skeptical, even of things that make your enemies look bad. It's nice to see that I'm not alone on that front

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[–] qiezidaifu 0 points 3 points (+3|-0) ago 

A very well reasoned theory in my opinion, and it would not be the most elaborate scheme ever, considering the kind of money that is at stake. Reddit as a whole is pretty gullible and tends to react in very predictable ways, that carrot will be followed until the donkey falls down.

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[–] ihaveabulldoge 0 points 3 points (+3|-0) ago 

Tldr...all assholes

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[–] BigDrunkBoat [S] 0 points 2 points (+2|-0) ago 

Basically.

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