Has Reddit Lost it's Way? Reddit IPO and the Money of Social Media | CorridorCast EP

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  • Опубликовано: 30 сен 2024

Комментарии • 83

  • @NicholasFoote
    @NicholasFoote Год назад +17

    The last several companies I've worked for had the sole focus of the owners growing and then selling the business and it's miserable for employees. Now I'm working for a company that has existed for 70 years, and has no intention of selling or doing an IPO, and it's really a big difference in culture. If you're able to find an employer like that, take the job.

  • @cermmi202
    @cermmi202 Год назад +8

    I really enjoyed just doomscrolling reddit and this whole thing was just great opportunity to stop. I feel like reddit gonna go downhill from now so I might as well stop using it now. Its such shame because smaller communities there are usually nice and welcoming.
    Problem is that as you mentioned googling things with "reddit" at the end of the question is just irreplaceable right now, so if someone has some alternative I´am all ears

  • @esaedvik
    @esaedvik Год назад +15

    Reddit actually first said they'll let devs know in like a month and that the price for API access would be "sensible", then Reddit got back in a few weeks (5-6 iirc) and then told them this news of the massive raise. And it was weird to begin with that API access was free, Apollo dev thought so too, but that was Reddit's bad for not charging for it in the first place. Twitter did the same API access killswitch price.
    I uninstalled Reddit from my phone and unfortunately use it much less now on browser (which has always sucked MAJOR ass). Sucks cause there's a great community of Linux users there that I use, and mechanical keyboards and techwear fashion too :/

    • @NothingXemnas
      @NothingXemnas Год назад +2

      Being friends with a programmer, they said one of the major redflags was the deadline. When there are major API changes, it is expected for the deadline to be at least a year (12 months) and sometimes more (18, 24 or 30 months) to make sure all transition is smooth to both devs and customers.
      People in the know have been expecting this Reddit shit for AGES now.

  • @Sumaleth
    @Sumaleth Год назад +20

    Every Niko laugh is more energetic than any laugh I've ever had :)

  • @aceoft3482
    @aceoft3482 Год назад +18

    Niko you nailed the Reddit situation. Thanks for helping get this important info out there. I also LOVE your take on what big companies should prioritize: being the best at what they do. We can dream!

  • @JonasVanraes
    @JonasVanraes Год назад +7

    I know the podcast does not get allot(enough) views , but its my favourite by far! I grew up watching corridor and its like listening to a bunch of friends, keep it up!

  • @RIPTIDEsounds
    @RIPTIDEsounds Год назад +3

    I love you guys but I just get so bored when you’re not talking about monster trucks. This episode has the most talk about Monster Trucks and it’s mostly just Monster Truck Slander. Jakes son I hope you Crush all your goals like cars under a monster sized tire. TLDR: 9/10 not enough monster trucks do better guys

  • @mrskate7771
    @mrskate7771 Год назад +2

    I feel excited to watch videos from you when I see your shorts. I think shorts is great to let people know what you make. Kinda like a billboard

  • @NEOREV_MUSIC
    @NEOREV_MUSIC Год назад +9

    I also absolutely loathe Shorts and wish RUclips gave us the option to block us from seeing them at all. Make Shorts something you have to opt into it. I deleted my TikTok account and removed the app. I don't need another TikTok, I just want RUclips to be RUclips.

  • @emilyrln
    @emilyrln Год назад +2

    Infinite growth will never fail to be absurd to me. There aren't infinite people or infinite resources. The fact that anyone subscribes to this idea without recognizing the inevitable collapse makes me question their sanity. The only logical explanation for it is that people know the system will implode and screw over future generations, and they don't care… which is really depressing, but unfortunately not surprising, considering the history of humanity.
    *Content creators of the internet, unite! You have nothing to lose but your midroll ads!*

  • @Player5xx
    @Player5xx Год назад +5

    13:33 I feel like Nintendo isn't the best example here for a number of reasons especially the last few years but I think the perfect example is Valve. They never went public. I think they are one of the only companies that I even know of that aren't public. They do what they wanna do, how they want to do it, when they want to do it. They make some of the best shit ever and also fail in some of the most spectacular ways imaginable with stuff like the steam controller and steam link. If they were public that wouldn't be the case and they would never get the chance to take huge failures like the steam controller and steam link and turn them into things like the steam deck and valve index. They function in a whole other plane than any of the other gaming companies and I really wish more industries had examples of private companies that show you can still make enough money to live and make great shit, without needing a bunch of investors breathing down your back making you do shitty things to make more money than you need just to satisfy their desires for infinite growth. There is 100% some path forward for reddit that involves staying private, charging a REASONABLE amount for the API, and actually making the platform better. It's just slower and harder and they don't want to do it. I wish we would punish more companies for taking the easy path where investors win and consumers lose.

    • @RelaxRelapse720
      @RelaxRelapse720 Год назад +1

      In all fairness Valve is a HUGE outlier when it comes to this kind of thing. They make billions of dollars off of Steam which is something a lot of companies can't fall back on.

    • @Player5xx
      @Player5xx Год назад

      @@RelaxRelapse720 While I agree to some extent I have a hard time believing that no other company was ever in that position. If you're going public people clearly have an interest in your company and product meaning you must already be doing something right. Nobody invests in a failing company. All going public does is get you more funding faster so that you can grow faster. I feel like there are hundreds of companies now that literally just went public because it's what you're supposed to do without putting any actual thought into it or weighing pros and cons. I also feel like if valve did go public it would have been when steam wasn't anywhere near as profitable as it is now. And the only reason that it is as profitable as it is now is because them staying private has allowed them to continue spending resources improving it even when it doesn't lead to direct income. If they had gone public years ago I'm sure at some point the shareholders would tell them to stop spending money on a free service and prioritize making games, taking more of a cut from the games sold on steam and the mods distributed on it, or doing other stuff which would have inevitably led them to not have a monopoly with steam anymore as it would no longer clearly be the best option. Yes not every company has the opportunity to stay private but like it's got to be more than just Valve and SpaceX right?

  • @TheJeannag
    @TheJeannag Год назад +2

    "Where did you get these wacky clothes" Shein, probably

  • @TheJeannag
    @TheJeannag Год назад +4

    37:00 I think there's also something to be said about committing to a narrative (that you have to think and feel to engage with) versus RUclips or similar content (that does the work for you) - the former may often disappoint you, while the latter rarely does. You can expect good content from your favorite creators, you can't always expect good films even from your favorite directors/actors. So there's way less impetus to invest yourself in longform content like a movie when content like RUclips exists. As Niko pointed out, it's reliably good.

  • @Stewerrvideos
    @Stewerrvideos Год назад +3

    Hol up. Is jake's lagg only in the software they use to split the cams? In the reflections it looks smoother.

  • @ConnorHammond
    @ConnorHammond Год назад +2

    I pretty much only watch RUclips now. The quality is off the chain. Coffeezilla, Joel Havar, Throttle House, Dunkey, LTT, Hagerty, Trevor Wallace, Gus Johnson. There's so much good stuff here. You guys are the peak, obviously.

  • @gabrielsatter
    @gabrielsatter Год назад +1

    I never learned how to use reddit properly so all i ever saw was shit i wasn't interested in, full of comments from truly clueless basement dwellers.
    It's my fault for not properly setting it up, but they have an atrocious format.
    Too bad i didn't know about these api things earlier, and now it seems like it's too late.

  • @timd7709
    @timd7709 Год назад +8

    i really hope someone makes a viable alternative to reddit...

  • @esaedvik
    @esaedvik Год назад +1

    RUclips subscritions page was great until there were news about YT leaving stuff out and people missing creators' videos, the the notification bell nonsense became a thing. I stopped trusting it - I sub way less now.

  • @jordan_4332
    @jordan_4332 Год назад +1

    Hey Nico, how does Corridor decide who participates in each week's podcast?

  • @Luzarioth
    @Luzarioth Год назад +2

    I never understood while anyone would go Public.
    "You get Money know, but for the rest of Eternity you are going to feed these Parasites you know have, that demand more and more !"

  • @blasterfish2372
    @blasterfish2372 Год назад +1

    Can we get another podcast with clint and D, whenever either of them were on you know you were getting something good.

  • @Kyderra
    @Kyderra Год назад +2

    @27:40 It's about growing bigger because investors demand it, the moment investors don't see record profit they pull out.
    This is why you see a company fire 600 people while breaking record profits.
    It's why you see all the creative people no longer call the shots on what to make, but get replaced by businessmen who know how to make more profit rather then content their audience want from the brand.
    Companies are doomed to grow corrupt with greed because the system is broken and demands it.

  • @aashishvasu
    @aashishvasu Год назад +2

    I see that Bloodywood tshirt!

  • @HexerPsy
    @HexerPsy Год назад +1

    Kinda funny how you mention all those channels with things people go for, their passion, their life work --- but it cant be just monster trucks XD
    But I think, if you set the example as parents and show broad interest and show all the interesting things out there.... Kids naturally become curious and interested in all kinds of things.

  • @arkterus1580
    @arkterus1580 Год назад +1

    To Niko's point about add integrations and how RUclips is permissive. Twitch just got a ton of backlash for cracking down on sponsorship adds banners and the like.

  • @bloopbloop9687
    @bloopbloop9687 Год назад +1

    Some of my favorite channels are Black bear forge, Stanley steel, and Justinthetrees, just some classic, honest, quality content, it doesnt get much better than that

  • @hiskishow
    @hiskishow Год назад

    The seed money people are in it because they want a part of your company. Usually they provide ways to distribute etc but if they don't then money really isn't worth it if it's possible to make it yourself.

  • @EdwardTHead1776
    @EdwardTHead1776 Год назад +2

    Only thing better than listening to RLM talk about Star Trek is these guys talking about anything.

    • @Matkatamiba
      @Matkatamiba Год назад

      Kinda permanently ruined my impression of them when they're big haters of Rogue One and Andor, the only good Star Wars stuff to come out in decades

    • @EdwardTHead1776
      @EdwardTHead1776 Год назад +1

      @@Matkatamiba some people are just don't like modern Star Wars. They're old men, I don't blame em. I don't agree with them but I don't blame them.

  • @johnlindauer
    @johnlindauer Год назад

    TRY THIS!!
    Update a classic! Using the existing shots as plates, replace BRUCE, the mechanical shark from Jaws, with a new super realistic CGI shark.

  • @rachelgrinbergs
    @rachelgrinbergs Год назад

    Niko: "People only watch our videos for what we make. They don't care about us as personalities. They don't watch to just see us and hear us crack jokes."
    Me: ......

  • @W0Ndr3y
    @W0Ndr3y Год назад

    27:00 where you talk about the infinite growth... Why do you spend more and more resources on your videos? Why do you have more and more people on your staff? It's because if you slowed down or stopped, you'd disappear. And I know you know that.

  • @jasonkong6968
    @jasonkong6968 Год назад

    31:20 despite Niko said the audience are interested with the stuff they made, not the personality. I feels like their personalities are what make corridordigital so great. Wren, Niko, Sam, Jordan...Clint...everyone is so likable and unique.

  • @ClintMoody
    @ClintMoody Год назад

    Apollo is the singular reason that I used Reddit. The official app is overwhelmingly inferior in comparison with the only possible exception being the addition of a chat function in the official app. Severely disappointed in Reddit for this to the point that I am removing the official app from my phone and will likely not be contributing at all future-forward. Such an honestly sad day.

  • @josemelicoff
    @josemelicoff Год назад

    Heeey, im pretty good at smash (Often go to tourneys) if you want to learn I offer a cool learning session :D (im also pretty good with ganon)

  • @WooperSlim
    @WooperSlim Год назад

    53:40 reminds me of how reddit silver started out as a joke image a user made, and they (and soon others) would comment it instead of buying reddit gold.

  • @GaetsKrop
    @GaetsKrop Год назад

    "Everybody's an intern" made me laugh, it's the feeling I have doing content

  • @alexrypt
    @alexrypt Год назад

    You think should view Shorts as adversiting ... use it to advertise the channel and the long form content

  • @Eren_Yeager_is_the_GOAT
    @Eren_Yeager_is_the_GOAT Год назад

    if i remember correctly youtube wants to encourage youtubers making short so they give you a boost in the algorythm if you make shorts

  • @ToxicatedLum
    @ToxicatedLum 6 месяцев назад

    When the writers strike, the ip isn't theirs, the words aren't theirs. Same deal with reddit..

  • @MkMkMk442
    @MkMkMk442 Год назад

    love that im not the only weirdo enjoying MGK. that dorf is sick.

  • @krishnajain4391
    @krishnajain4391 День назад

    *Its Way

  • @NicCrimson
    @NicCrimson Год назад

    31:10 I'd actually watch any of you all for example this podcast

  • @tapedtothewallXD
    @tapedtothewallXD Месяц назад

    love niko but that was a little mean you ok jake Lovve ya

  • @bryanfox5457
    @bryanfox5457 Год назад

    “It is way”??
    C’mon guys… 🤦‍♂️

  • @JumperXxXCables
    @JumperXxXCables Год назад

    I'm going to ask , What the hell is on Niko's shirt and how did it get there?

  • @mrskate7771
    @mrskate7771 Год назад

    Sounds like you guys are looking for the new twitter

  • @speakwithanimals
    @speakwithanimals Год назад +2

    15:08 "This is what happens when you IPO" - this is an inevitable result of any for-profit business. Capitalism gonna capitalism. The way to stop it is to regulate + subsidize these social media sites like crazy, so they're less beholden to the profit-motive, or to socialize them entirely.

  • @mahelaniarektbb
    @mahelaniarektbb Год назад

    Yes Griffin in the Bloodywood shirt

  • @solarsombrero227
    @solarsombrero227 Год назад

    40:01 I have to absolutely agree. He is great!

  • @runespar
    @runespar Год назад +1

    Its*

  • @Nicdehouwer
    @Nicdehouwer Год назад

    its

  • @djsUltra
    @djsUltra Год назад

    No intro animation?

  • @snip3r416
    @snip3r416 Год назад

    Man it’s crazy people still do zoom Calls podcast I didn’t know people still do them but the sounds good 😊

  • @raquetdude
    @raquetdude Год назад

    No Reddit hasn’t. They are acting like a firm that holds a monopoly… same with Facebook, Twitter, RUclips, Disney, Apple, Amazon etc etc

  • @John-uw2je
    @John-uw2je Год назад

    Say, how much money is made on RUclips shorts? They may be bamboozling you guys as well.

  • @esaedvik
    @esaedvik Год назад

    Early squad and perfect timing, dying at work.

  • @Pawer8
    @Pawer8 Год назад

    No it's not you only need to log in to your house IP once a month. If they wanted to tackle content they can do so based on the account and payment method. No need to lock down ip

  • @copordrop
    @copordrop Год назад

    yeah once Apollo goes down in a couple days, im off reddit for good.

  • @jonathankevinpick
    @jonathankevinpick Год назад

    What is redit, please?

  • @EdLrandom
    @EdLrandom Год назад +5

    I love how the crew gets closer and closer to understanding leftist economics without knowing about it. It's obvious to everyone at this point that infinite growth is impossible and dangerous. Income inequality is unfair and ridiculous at this scale these days. Every large company at this point is an example of blatant exploitation of some group's work with inadequate pay or even without pay at all, uber pays you less than it costs to own a car facebook doesn't pay you anything, and amazon punishes workers for "micro resting" at work in a dystopian fashion.

    • @gabrielsatter
      @gabrielsatter Год назад

      JW is Diet Libertarian though. Any truly progressive leanings will be crushed.

  • @fiveorca
    @fiveorca Год назад

    luv ya guys!

  • @esaedvik
    @esaedvik Год назад +2

    Griffin's Bloodywood shirt \o/ Amazing band!

  • @octabunge
    @octabunge Год назад +1

    You guys are about 3 steps away from understanding marxist theory

    • @gabrielsatter
      @gabrielsatter Год назад

      Never with JW in the room.

    • @octabunge
      @octabunge Год назад +1

      @@gabrielsatter At least they're starting to realize how social media companies thrive of free labor.

  • @mrskate7771
    @mrskate7771 Год назад

    Here are some great shows I watch here on RUclips:
    Daily Dose of Internet, Bald and Bankrupt (travel blogger who is not cheesy, and goes to country most people don't wanna go to, and teaches history), Storror (European Freerunners who vlog, super good videos).. and honorable mention: Juicy Life (Actually funny-Funny compilation)

  • @fgjah
    @fgjah Год назад

    I hope you guys talk about Twitter in depth next because LMAO what reddit did looks tame in comparison. Elon has decided to straight up kill the platform after slowly strangling it.

  • @cadelllwellyn6021
    @cadelllwellyn6021 Год назад

    It's an interesting perspective about people "making content for free" on places like Facebook, Instagram, and tiktok. I think it's not the perspective of most people using social media.
    I think the typical user of these apps doesn't think of any of their content as something to be monetized. When I post a picture of my wife and I on a hike on Instagram I'm not expecting to be paid. In fact, it would feel really weird to make any money when my mom looks at a picture of me. Should my best friend get money because I liked a picture of their baby. Just strange to even think like that. If anything it feels like I should be paying Instagram to host all my vacation photos.
    For something like tiktok, I imagine many of the users are creating just for the pleasure of creating videos. For them creating a video and watching a video have the same purpose.
    So in come professional users. Users that are trying to create content to make money. Whether that's sell a product, monetize their art, or start an onlyfans. What percentage of users are professional creators? What percentage of people actually posting content are hoping for financial gain?
    And if all the professional disappeared how would the apps change?
    For youtube this would be huge. For Instagram, I am really not sure. I know it wouldn't impact me much at all since I don't use inatagram for anything but sharing photos with friends.
    I'm not disagreeing with Niko here about people making content for free. It's just I think most users don't expect or even want money for their content.