I'm not asking about why the growth-hacking features exist - recommendations, larger images, looking like TikTok, steering people towards the mobile app. I don't like those, but I can understand why they do them (they want more money).
I'm just asking why the implementation is so terrible:
- The video player is so bad that it itself is a meme.
- Loading more comments often just doesn't work, the loading state disappears and no comments appear.
- The back button is totally broken, the entire page resets when going back.
- On mobile there are multiple "use the app" upsells, and clicking them takes me to the App Store. I already have the app installed! I wouldn't even be mad if these would just properly link me to the matching post in the actual app!
- Really bad memory usage and general performance, and so on.
It's just a genuinely awful website. Do they not notice this? Surely fixing this would improve revenue at least somewhat (people watch more videos on websites with functioning video players!), which they seem to be desperate for?
The weird thing is that old Reddit is a really good website. It works, I use it all the time and have a redirect installed, so that I never see new Reddit. It's performant. New Reddit could have just been a layer of CSS and some relatively minor markup tweaks (for inline images etc.) on top of that. Why build an entire new thing that barely works?
Anyways... it's been around for so long that someone internal has quit and can speak on a throwaway, or maybe someone still employed on a personal computer with Tor :)
It's basically that simple, when it comes down to it.
VC manage a portfolio of assets. The net risk of an (increasingly unlikely) large liquidity event, vs. a wash, still sees its upside in the big-pop IPO.
Which is to say: it really is rational for investors to pursue a course with a high probability of killing the goose, as the alternative is still little or no return.
I'm starting to reach the view that VC have decided that Reddit must either see a large liquidity event or die trying. Given the present investment environment, it's time to close off taps.
TL;DR: Incentives grossly misaligned with core membership. (A conclusion I'd reached years ago.)
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Notes:
1. "Reddit aims for IPO in second half of 2023 - The Information" https://neuters.de/technology/reddit-aims-ipo-second-half-20...
Hacker news with finger drag to view nested comments works way way way better on a phone. Hacker news is one of the few websites I can actually ENJOY on a mobile device.
Well thats easy. They want to drive you towards the app.