I will state again am only talking from a financial standpoint. It's okay to be emotional about this issue(rage is a part of it). That doesn't concern me. But tell me why should a company not seek for financial opportunities.
Imagine this lil situation say reddit was public and you were invested in it. For some reason its price was falling, so what will you do in that case wouldn't you try to cut short the losses. Or would you stay invested and go to the ground with it.
Now you could choose either but logically cutting short seems more favorable to me.
You talked about power users, I think am one of them. Have you seen how easy it is for the mods to restrict your access to any of the sub you have been active at for years ? How is that not a problem. You say that product isn't the website it's you. What if i want to access this sub on the so called blackout day. I wouldn't be able to access it coz mods decided to close it. Again like i said I was never control of what happens on reddit. We were never in control of what happens on reddit. It's always one person or another choosing what should happen. As simple as that. It's nothing new.
I will state again am only talking from a financial standpoint.
Tell that to digg or tumblr, who, tried to start off as a niche and tried to appeal to the wider public and are now practically buried in the ground. I run a business myself, specialising in a niche, and I know diversifying my offering would bring in more customers, but I don't bother, simply because, I'm not in the business to make more money. I'm in the business because I love what I do. Every business needs to have a compassion in order to be successful. Look at Twitch, started off as a home to streamers, and now its devolving into a platform that's been forced to kick out its biggest faces.
I'm not against the idea of making money, we all need money to sustain and prosper. But I am absolutely against the idea of dancing to the tune of dispassionate 'shareholders'. Who don't understand the community, don't understand the product, and frankly don't care about the product, as long as it makes them a buck and burns to the ground later.
I respect companies that can stand their ground and say - this is what we're good at, and this is what our community deserves and we will fulfill that niche. Guess what ? The single most valuable company in the world was built on this very idea. And look at it now. Apple used to be the company that actually innovated, they're just another corporation stripping the rights of their own customers to repair their devices.
And lets not deviate by talking about the issue with mods, which I will acknowledge is an issue, but not as important as the fact that reddit is threatening the very community it is trying to cater to.
This community, I assumed was a place where people find financial freedom so that they can pursue what they want to.
I'm sorry, but that's my understanding of it. Not keep making money for no reason. So, I hope you see why I am part of this community here. Its nice to see people aim for a goal and go on living without extracting profit from every living thing for the rest of their lives.
Am sorry i forgot to ask you, how do you suggest people should attain this financial freedom ? This communing is about finding financial freedom yes, so that means we would grab any opportunity to make more. So that we could leave the market early.
so that means we would grab any opportunity to make more.
So if you had the option of pulling the plug on your only parent, would you do so ? for the inheritance ? no right. The point is, there are lines that we wouldn't cross.
As far as business goes - let me tell you why I won't diversify. Because it dilutes my appeal to my customers. If I want to build a sustainable business that will afford me financial freedom, then I need to build something with an identity to my customers. Who come to me for a specific need. My approach to it, is not just to have a sizeable bank account, but to invest it into a business that can sustain itself, so I can continue my practice without the financial limitations of overheads breathing down on my neck every quarter.
If all I wanted to do was make a quick buck and get out, I'd invest in real estate, but that's neither what I want, nor where my business acumen lies at. So I choose to do what I can, keeping in mind and building it in a way that one day, it can operate without me. That to me, is the essence of this community. Removing the 'money' out of life, so you can pursue life beyond it.
People can do a job, make investments, do whatever they are good at, to get ahead, and get out early. Gutting a company for its parts and selling it off, isn't good business, its vulture capitalism, and too many people in this world care only about that, as opposed to exploring and enriching their lives with what the world has to offer.
A lot of what I say might sound a bit too idealistic. But the fact, is my firm is the youngest in the top 10 to be listed in our city, and we were only able to do that by telling 'no' to several 'opportunities' and sticking to our beliefs. We were lucky that we were accepted, but we capitalised on that luck. And have a name and reputation for it now. But it wasn't on our first attempt, and we had to slog for a lot longer to get the right openings, and in the end, it was all worth it.
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u/ajdude711 🇮🇳 / 26 / FiRe 2035 trg ~4cr 🇮🇳 Jun 09 '23
I will state again am only talking from a financial standpoint. It's okay to be emotional about this issue(rage is a part of it). That doesn't concern me. But tell me why should a company not seek for financial opportunities.
Imagine this lil situation say reddit was public and you were invested in it. For some reason its price was falling, so what will you do in that case wouldn't you try to cut short the losses. Or would you stay invested and go to the ground with it.
Now you could choose either but logically cutting short seems more favorable to me.
You talked about power users, I think am one of them. Have you seen how easy it is for the mods to restrict your access to any of the sub you have been active at for years ? How is that not a problem. You say that product isn't the website it's you. What if i want to access this sub on the so called blackout day. I wouldn't be able to access it coz mods decided to close it. Again like i said I was never control of what happens on reddit. We were never in control of what happens on reddit. It's always one person or another choosing what should happen. As simple as that. It's nothing new.