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#i am a model employee
thegremlininmyhead · 4 days
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There is nothing quite as satisfying as powering through what was supposed to be a 3 hour training course for work and finishing it 1 hour while watching the new season of Interview with the Vampire and still passing all the quizzes for it to count
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gardenerian · 1 year
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can you write more about baby ian and/or his siblings when they were younger?? do you have any more hcs about him when he was really little??? i need to know
baby....... little baby. little boy 😭 okay. okay 😭😭😭😭 i am thinking about how frank tells ian that he's been a drama queen since the day he was born which is genuinely hilarious to me but it also has me THINKING....
when we meet ian he holds his cards pretty close to his chest, right? he still feels HUGE emotions and they burst out in pretty intense ways, but from day to day he just kinda moves through the world rolling his eyes at people sfkldj
now, we gotta take this with a grain of salt bc i feel like ian or any of the kids just saying "hi" would count as dramatic to frank lol but! let's think about baby drama queen ian.
thinking about ian dropping his popsicle in the grass by that above ground pool and losing his absolute mind over it when fiona tells him there aren't any more..... thinking about him seeing a dog in the neighborhood and pitching a fit in the middle of the sidewalk when he learns that no, he can't have this dog because it does in fact have someone walking him..... thinking about lip always beating him at battleship and ian flipping the little board over every time, stamping his little feet all the way up the stairs asklfd
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da-riya · 9 days
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We have slots for lunches but all were full even if it was time for my lunch, so I just went anyways
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lanshappycorner · 9 months
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what art program do you use nowadays? in what ways do you prefer it to firealpaca?
I use clip studio paint! If you'd asked this a couple yrs ago I would've given you a CSP salespitch but actually rn CSP has switched to a subscription based model and have discontinued the download of their 1.0 version, which I currently use (CSP 2.0 and any other newer versions are subscription based I think).
So. I decided to give firealpaca a fair chance before I got back to you because I'm petty and I think any program that isn't subscription based is better than CSP ❤️ I used firealpaca like (redacted) years ago so there's been many changes since I last used it, so I tried to draw smth on it
(More under the cut sorry I'm rambling)
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And tbh it doesn't look THAT different😭 I mean obviously my CSP Aira is more polished bc I'm currently more used to it, but otherwise my process was pretty much the same. I'm sure if I used firealpaca more I could probably achieve a replica. If I tried hard enough
The biggest difference between CSP and FireAlpaca is that CSP has a wider variety of assets and brushes. FireAlpaca does have like a brush asset store, which is very cool, but it doesn't have as many as CSP.
But usually artists don't use that many brushes when drawing anyways, a lot of us just like downloading them and not using them so even if you don't have access to the entire library of CSP assets you'll survive probably
However, when it comes to brushes, CSP has better default brushes (especially their airbrush). FireAlpaca's default brushes aren't bad, but they aren't the best either, although this can be rectified by just downloading a brush in their brush store 💀 FireAlpaca does give me some trouble with pen lag and stuff but it's pretty minor
I didn't use this in my drawing, but CSP has a 3D asset function that's useful for posing and drawing objects, which is convenient for me but if you're the type of person that doesn't have trouble with anatomy and stuff, you'll be fine even without it.
Overall, I do prefer CSP because I'm used to it and I like the assets there, but you can draw just fine with FireAlpaca even without the excessive assets. Honestly with all the additions over the years, I'm surprised FireAlpaca is still free 😭
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my-thoughts-and-junk · 2 months
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thinkbing about. him
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#random thoughts#fnaf#rotating him in my mind like an orb or perhapps a microwavable tv dinner#love the idea of a character who for some reason has him in their house and does regular maintenance on him#someone who worked for fazbear fright and fucking. stole him#au where the place wasn't burned down and actually opened and some kid started working there and fucking took his ass#springtrap in my head is like. mostly an animal. running on instinct and ancient programming. only rarely lucid#the kid who took him oh my god. what if someone who was the sibling of one of the five missing kids stole him#and like. they know he's the man behind the slaughter and can remember him from when he was alive#and they take him and keep him running as like a form of torture. because fazbear fright was gonna be shut down and the animatronic#was gonna be destroyed or smth and they were like 'no you son of a bitch not yet'#and they can sometimes see the ghosts of the children and employees who died and henry. but like they're not done#they cant let go. not yet.#cant let him go to the beyond because that would be too merciful for a son of a bitch like him#but springtrap cant really understand whats happening and mostly just sees Some Guy keeping him running so most of his feelings#are positive#when he's semi lucid he tries to kill them#when he recognizes them from before he kind of shuts down#the range is 'friend!!!' to 'i am going to fucking murder you' to 'how did you do in pe today'#like this guy mostly isn't william afton. idk who he is but he isn't him most of the time#i imagine the springtrap suit is a unique model so its hard to get replacement parts for him so most of him is custom at this point#idk what they do with the bones. probably leave them alone for the most part out of fear of him passing on if they got rid of them#he smells like dirt and mildew and restroom deoderizer probably#i imagine their thoughts on him are 'i recognize this mostly isnt the man who killed my sibling so i dont want him to suffer'#'but also i cant handle the idea of even a little of the man who killed my sibling being able to stop suffering'#like this is william's idea of hell. complete depersonalization#they make his stay tolerable. decent maintenance. idk what kind of enrichment he needs#being kept in a basement away from regular social interaction is probably hell for any children's animatronic#so he loves when they come down for maintenance. probably rarely at first and then more frequently as they adjust themself to his presence#idk how he feels about maintenance. probably very used to the feeling of having a dude inside of him lmaooo
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Im working at an old food place I worked at three years ago, got let go from the stupid corporate job, and it feels like I can finally breath again. Like it feels like my coworkers actually respect me as a human being. And the venders I would see when I worked at the merch job have all told me they're glad I don't work at that company anymore when they see me at my food job lol. Our bread lady literally was like "thank fucking God you got out of there" which I found hilarious.
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myriad-of-things · 11 months
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Every time I'm forced to wait 10 minutes for the recording to finish narrating a safety training slide I already read myself in like 5 seconds, I get this much closer to writing all the poor naruto characters into an au where they work for a semiconductor company
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swamp-world · 1 year
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like i think that we really really really need to actually gain the social literacy and compassion to understand that. not tipping your server isn’t praxis, but the fact that it’s expected that the customer pay the wage of the server also doesn’t mean that the customer (often also stiffed and a victim of wage theft) isn’t obligated to do so, and that while this is within our own economic system a great injustice and act of violence that needs to be rectified, it is in fact not the greatest injustice in the world and seeing people comparing getting screamed at for war crimes to not being tipped demonstrates a drastic lack of any sense of proportion. this is me speaking as both a service worker and someone engaged in organizing. let me be absolutely clear that I am not saying that not tipping your server is praxis. if you are able to tip i think that you should. i also think that “it’s the social contract in america to tip your server” needs to be read as “the structure has been built so that resisting it is tantamount to being a class traitor, and there are no winners in this situation”. i make less than 1k a month. tipping at 15% is straight up not viable all of the time if i want to pay rent. that’s not praxis, that’s me trying to keep a roof over my head, same as the service worker who i can’t always tip. so much analysis of this matter on social media tends to boil down to brute utilitarianism that causes further fragementation among the working class, and not for unjust reasons.
but just as not tipping my server isn’t praxis, tipping my server also isn’t praxis. not because it doesn’t help the individual (it does) but because it functionally validates the extant system in which the customer directly pays the wages. especially in the digital age: whereas cash tips are often considered nontaxable income, digital tips are administered as directly taxable income by the employer. when tips are paid out as wages i think it’s a little unfair to consider them to be “gratuities”.
again: not tipping isn’t praxis, but i wonder often about how many people who parrot this point are engaged in labour organizing or support in any way other than tipping. everyone deserves to be paid for their labour. but likewise, putting the onus on the working class customer to do so doesn’t actually help anyone except for the employer.
if you’re getting pissed at other working-class people for not tipping high numbers, especially impoverished and/or marginalized people, i hope that you are also engaged in literally any form at all, no matter how intense or dedicated, to any kind of action or organization that supports increasing minimum wage and shifting this responsibility from the customer to the employer (i.e. working class to owning class).
#vent of sorts#i keep seeing that post about ''not tipping your server isn't praxis'' with the addition of#''i was a server who got yelled at by a european for being american at an american tourist memorial for 9/11 because of the iraq war''#and again i say this in a sense that isn't meant to diminish the legitimate trauma of service work#trauma in a very genuine sense#(brief reminder that this is what the term ''emotional labour'' was coined to describe is being expected to regulate and perform emotions#for your job but only being paid minimum wage because the only ''labour'' you're doing is physical/mental and keeping a smile while being#berated isn't ''labour'')#but without directly comparing and weighing traumas and experiences in order to invalidate another#i'm so tired of seeing ''not tipping your server doesn't help anyone'' specifically being backed up by the idea#that tipping and paying into the tipping model (no pun intended) is a morally neutral or net-positive action#without actually considering the widespread consequences of tipping culture as a whole on labour wages and employee rights#of course not tipping isn't going to solve anything#nothing is solved on an individualist level#but the idea that NOT tipping is a non-solution that individuals take#being refuted by the idea that tipping as a buffer that individuals engage in#rather than it leading into any discussion about organizing#is absolutely fucking infuriating#because believe me i WANT to tip servers i WANT to make sure that everyone is paid#but if i walk into a local brewpub and buy a beer at the isolated beer shop next door by a till worker i am prompted to tip as if it were#a full service establishment and transaction#and i think that is evidence enough that tipping is not a ''thank you'' to your server but rather the employer offloading the expectation#of paying their employees proper wages onto the customer#anyways as ever the solution isn't individual action but collective organizing and community support#if you're going to tip then tip in cash and if you're not going to tip then be as kind as possible#and if you're acting as if tipping your server is the ONLY morally correct action in this situation then please#look around at your local community organizations and labour organizations and housing organizations instead of yelling online at people#who often are not being paid enough to be able to pay rent let alone pay another person's wages#mutual aid is great and important but i straight up don't consider it ''mutual aid'' if it's filtered through an employer's income
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vergilboyfriend · 1 year
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My boss sent me a spreadsheet to calculate my estimated bonus (I guess I am getting one this time cool) and I don’t think I have it right because it’s a lot but I don’t really care either so I think I’m going to just let it be a surprise on the 30th
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phantomrose96 · 7 months
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If anyone wants to know why every tech company in the world right now is clamoring for AI like drowned rats scrabbling to board a ship, I decided to make a post to explain what's happening.
(Disclaimer to start: I'm a software engineer who's been employed full time since 2018. I am not a historian nor an overconfident Youtube essayist, so this post is my working knowledge of what I see around me and the logical bridges between pieces.)
Okay anyway. The explanation starts further back than what's going on now. I'm gonna start with the year 2000. The Dot Com Bubble just spectacularly burst. The model of "we get the users first, we learn how to profit off them later" went out in a no-money-having bang (remember this, it will be relevant later). A lot of money was lost. A lot of people ended up out of a job. A lot of startup companies went under. Investors left with a sour taste in their mouth and, in general, investment in the internet stayed pretty cooled for that decade. This was, in my opinion, very good for the internet as it was an era not suffocating under the grip of mega-corporation oligarchs and was, instead, filled with Club Penguin and I Can Haz Cheezburger websites.
Then around the 2010-2012 years, a few things happened. Interest rates got low, and then lower. Facebook got huge. The iPhone took off. And suddenly there was a huge new potential market of internet users and phone-havers, and the cheap money was available to start backing new tech startup companies trying to hop on this opportunity. Companies like Uber, Netflix, and Amazon either started in this time, or hit their ramp-up in these years by shifting focus to the internet and apps.
Now, every start-up tech company dreaming of being the next big thing has one thing in common: they need to start off by getting themselves massively in debt. Because before you can turn a profit you need to first spend money on employees and spend money on equipment and spend money on data centers and spend money on advertising and spend money on scale and and and
But also, everyone wants to be on the ship for The Next Big Thing that takes off to the moon.
So there is a mutual interest between new tech companies, and venture capitalists who are willing to invest $$$ into said new tech companies. Because if the venture capitalists can identify a prize pig and get in early, that money could come back to them 100-fold or 1,000-fold. In fact it hardly matters if they invest in 10 or 20 total bust projects along the way to find that unicorn.
But also, becoming profitable takes time. And that might mean being in debt for a long long time before that rocket ship takes off to make everyone onboard a gazzilionaire.
But luckily, for tech startup bros and venture capitalists, being in debt in the 2010's was cheap, and it only got cheaper between 2010 and 2020. If people could secure loans for ~3% or 4% annual interest, well then a $100,000 loan only really costs $3,000 of interest a year to keep afloat. And if inflation is higher than that or at least similar, you're still beating the system.
So from 2010 through early 2022, times were good for tech companies. Startups could take off with massive growth, showing massive potential for something, and venture capitalists would throw infinite money at them in the hopes of pegging just one winner who will take off. And supporting the struggling investments or the long-haulers remained pretty cheap to keep funding.
You hear constantly about "Such and such app has 10-bazillion users gained over the last 10 years and has never once been profitable", yet the thing keeps chugging along because the investors backing it aren't stressed about the immediate future, and are still banking on that "eventually" when it learns how to really monetize its users and turn that profit.
The pandemic in 2020 took a magnifying-glass-in-the-sun effect to this, as EVERYTHING was forcibly turned online which pumped a ton of money and workers into tech investment. Simultaneously, money got really REALLY cheap, bottoming out with historic lows for interest rates.
Then the tide changed with the massive inflation that struck late 2021. Because this all-gas no-brakes state of things was also contributing to off-the-rails inflation (along with your standard-fare greedflation and price gouging, given the extremely convenient excuses of pandemic hardships and supply chain issues). The federal reserve whipped out interest rate hikes to try to curb this huge inflation, which is like a fire extinguisher dousing and suffocating your really-cool, actively-on-fire party where everyone else is burning but you're in the pool. And then they did this more, and then more. And the financial climate followed suit. And suddenly money was not cheap anymore, and new loans became expensive, because loans that used to compound at 2% a year are now compounding at 7 or 8% which, in the language of compounding, is a HUGE difference. A $100,000 loan at a 2% interest rate, if not repaid a single cent in 10 years, accrues to $121,899. A $100,000 loan at an 8% interest rate, if not repaid a single cent in 10 years, more than doubles to $215,892.
Now it is scary and risky to throw money at "could eventually be profitable" tech companies. Now investors are watching companies burn through their current funding and, when the companies come back asking for more, investors are tightening their coin purses instead. The bill is coming due. The free money is drying up and companies are under compounding pressure to produce a profit for their waiting investors who are now done waiting.
You get enshittification. You get quality going down and price going up. You get "now that you're a captive audience here, we're forcing ads or we're forcing subscriptions on you." Don't get me wrong, the plan was ALWAYS to monetize the users. It's just that it's come earlier than expected, with way more feet-to-the-fire than these companies were expecting. ESPECIALLY with Wall Street as the other factor in funding (public) companies, where Wall Street exhibits roughly the same temperament as a baby screaming crying upset that it's soiled its own diaper (maybe that's too mean a comparison to babies), and now companies are being put through the wringer for anything LESS than infinite growth that Wall Street demands of them.
Internal to the tech industry, you get MASSIVE wide-spread layoffs. You get an industry that used to be easy to land multiple job offers shriveling up and leaving recent graduates in a desperately awful situation where no company is hiring and the market is flooded with laid-off workers trying to get back on their feet.
Because those coin-purse-clutching investors DO love virtue-signaling efforts from companies that say "See! We're not being frivolous with your money! We only spend on the essentials." And this is true even for MASSIVE, PROFITABLE companies, because those companies' value is based on the Rich Person Feeling Graph (their stock) rather than the literal profit money. A company making a genuine gazillion dollars a year still tears through layoffs and freezes hiring and removes the free batteries from the printer room (totally not speaking from experience, surely) because the investors LOVE when you cut costs and take away employee perks. The "beer on tap, ping pong table in the common area" era of tech is drying up. And we're still unionless.
Never mind that last part.
And then in early 2023, AI (more specifically, Chat-GPT which is OpenAI's Large Language Model creation) tears its way into the tech scene with a meteor's amount of momentum. Here's Microsoft's prize pig, which it invested heavily in and is galivanting around the pig-show with, to the desperate jealousy and rapture of every other tech company and investor wishing it had that pig. And for the first time since the interest rate hikes, investors have dollar signs in their eyes, both venture capital and Wall Street alike. They're willing to restart the hose of money (even with the new risk) because this feels big enough for them to take the risk.
Now all these companies, who were in varying stages of sweating as their bill came due, or wringing their hands as their stock prices tanked, see a single glorious gold-plated rocket up out of here, the likes of which haven't been seen since the free money days. It's their ticket to buy time, and buy investors, and say "see THIS is what will wring money forth, finally, we promise, just let us show you."
To be clear, AI is NOT profitable yet. It's a money-sink. Perhaps a money-black-hole. But everyone in the space is so wowed by it that there is a wide-spread and powerful conviction that it will become profitable and earn its keep. (Let's be real, half of that profit "potential" is the promise of automating away jobs of pesky employees who peskily cost money.) It's a tech-space industrial revolution that will automate away skilled jobs, and getting in on the ground floor is the absolute best thing you can do to get your pie slice's worth.
It's the thing that will win investors back. It's the thing that will get the investment money coming in again (or, get it second-hand if the company can be the PROVIDER of something needed for AI, which other companies with venture-back will pay handsomely for). It's the thing companies are terrified of missing out on, lest it leave them utterly irrelevant in a future where not having AI-integration is like not having a mobile phone app for your company or not having a website.
So I guess to reiterate on my earlier point:
Drowned rats. Swimming to the one ship in sight.
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threadmonster · 5 months
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Okay, you know what though? My college experience may have sucked ass and I have too much debt not enough pay, but I can pull credentials in three different areas.
Shut up, I was an art student.
Shut up, listen to the fashion major.
Look here pal, I have a business and management degree.
The average joe just looks silly to argue (⁠◡⁠ ⁠ω⁠ ⁠◡⁠)
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chenziee · 8 months
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💐 once you receive this lovely bouquet of flowers you have to mention five things you love, publicly, and send it to 10 of your favorite followers if you want. SPREAD POSITIVITY! ⛅️
Aahhh this is so sweet, than you so much, Irene 🥺🤍🤍
my cat (duh)
One Piece (shocking, I know)
getting into the zone while writing
my AO3 subscribers and regular readers
getting paid to do nothing (as in vacations)
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evvlogetarian · 11 months
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Man I am not looking forward to the fact I've got 3 back to back exams coming up ...and two of them are for a class I'm worried about like...fuck idk...and it sucks cus I've had a lot of ppl reaching out to me lately wanting to hang out or talk and it's like I don't have it in me for small conversation sorry... T_T why is being an adult so hard I feel like I can never fully achieve balance between work-school-personal...ykwim...but also I'm a chronic overworker...I can't ever Relax ...
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muirmarie · 1 year
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i've been trying to figure out why I'm chaffing at the bit so much at work lately, since that pretty consistently happens to me around the 3rd year of a job, and I've been working here for 5 years.....
and I just realized this is right about 3 years after I came BACK after we were closed for covid for a few months
The body knows!!!!! The body knows this is my 3rd year after I came back, even though I didn't!!! The body keeps the score lmao /cries
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cerbreus · 1 year
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waking up at 8 and scrambling all day to work on things with v short impending deadlines and hoping i’ll get done with some time to do fun things and then it’s 10pm and i only just finished at 9:30 and i gotta b in bed by like midnight and i’m just. ough. 😢😭💔
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exeggcute · 1 year
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the great reddit API meltdown of '23, or: this was always bound to happen
there's a lot of press about what's going on with reddit right now (app shutdowns, subreddit blackouts, the CEO continually putting his foot in his mouth), but I haven't seen as much stuff talking about how reddit got into this situation to begin with. so as a certified non-expert and Context Enjoyer I thought it might be helpful to lay things out as I understand them—a high-level view, surveying the whole landscape—in the wonderful world of startups, IPOs, and extremely angry users.
disclaimer that I am not a founder or VC (lmao), have yet to work at a company with a successful IPO, and am not a reddit employee or third-party reddit developer or even a subreddit moderator. I do work at a startup, know my way around an API or two, and have spent twelve regrettable years on reddit itself. which is to say that I make no promises of infallibility, but I hope you'll at least find all this interesting.
profit now or profit later
before you can really get into reddit as reddit, it helps to know a bit about startups (of which reddit is one). and before I launch into that, let me share my Three Types Of Websites framework, which is basically just a mental model about financial incentives that's helped me contextualize some of this stuff.
(1) website/software that does not exist to make money: relatively rare, for a variety of reasons, among them that it costs money to build and maintain a website in the first place. wikipedia is the evergreen example, although even wikipedia's been subject to criticism for how the wikimedia foundation pays out its employees and all that fun nonprofit stuff. what's important here is that even when making money is not the goal, money itself is still a factor, whether it's solicited via donations or it's just one guy paying out of pocket to host a hobby site. but websites in this category do, generally, offer free, no-strings-attached experiences to their users.
(I do want push back against the retrospective nostalgia of "everything on the internet used to be this way" because I don't think that was ever really true—look at AOL, the dotcom boom, the rise of banner ads. I distinctly remember that neopets had multiple corporate sponsors, including a cookie crisp-themed flash game. yahoo bought geocities for $3.6 billion; money's always been trading hands, obvious or not. it's indisputable that the internet is simply different now than it was ten or twenty years ago, and that monetization models themselves have largely changed as well (I have thoughts about this as it relates to web 1.0 vs web 2.0 and their associated costs/scale/etc.), but I think the only time people weren't trying to squeeze the internet for all the dimes it can offer was when the internet was first conceived as a tool for national defense.)
(2) website/software that exists to make money now: the type that requires the least explanation. mostly non-startup apps and services, including any random ecommerce storefront, mobile apps that cost three bucks to download, an MMO with a recurring subscription, or even a news website that runs banner ads and/or offers paid subscriptions. in most (but not all) cases, the "make money now" part is obvious, so these things don't feel free to us as users, even to the extent that they might have watered-down free versions or limited access free trials. no one's shocked when WoW offers another paid expansion packs because WoW's been around for two decades and has explicitly been trying to make money that whole time.
(3) website/software that exists to make money later: this is the fun one, and more common than you'd think. "make money later" is more or less the entire startup business model—I'll get into that in the next section—and is deployed with the expectation that you will make money at some point, but not always by means as obvious as "selling WoW expansions for forty bucks a pop."
companies in this category tend to have two closely entwined characteristics: they prioritize growth above all else, regardless of whether this growth is profitable in any way (now, or sometimes, ever), and they do this by offering users really cool and awesome shit at little to no cost (or, if not for free, then at least at a significant loss to the company).
so from a user perspective, these things either seem free or far cheaper than their competitors. but of course websites and software and apps and [blank]-as-a-service tools cost money to build and maintain, and that money has to come from somewhere, and the people supplying that money, generally, expect to get it back...
just not immediately.
startups, VCs, IPOs, and you
here's the extremely condensed "did NOT go to harvard business school" version of how a startup works:
(1) you have a cool idea.
(2) you convince some venture capitalists (also known as VCs) that your idea is cool. if they see the potential in what you're pitching, they'll give you money in exchange for partial ownership of your company—which means that if/when the company starts trading its stock publicly, these investors will own X numbers of shares that they can sell at any time. in other words, you get free money now (and you'll likely seek multiple "rounds" of investors over the years to sustain your company), but with the explicit expectations that these investors will get their payoff later, assuming you don't crash and burn before that happens.
during this phase, you want to do anything in your power to make your company appealing to investors so you can attract more of them and raise funds as needed. because you are definitely not bringing in the necessary revenue to offset operating costs by yourself.
it's also worth nothing that this is less about projecting the long-term profitability of your company than it's about its perceived profitability—i.e., VCs want to put their money behind a company that other people will also have confidence in, because that's what makes stock valuable, and VCs are in it for stock prices.
(3) there are two non-exclusive win conditions for your startup: you can get acquired, and you can have an IPO (also referred to as "going public"). these are often called "exit scenarios" and they benefit VCs and founders, as well as some employees. it's also possible for a company to get acquired, possibly even more than once, and then later go public.
acquisition: sell the whole damn thing to someone else. there are a million ways this can happen, some better than others, but in many cases this means anyone with ownership of the company (which includes both investors and employees who hold stock options) get their stock bought out by the acquiring company and end up with cash in hand. in varying amounts, of course. sometimes the founders walk away, sometimes the employees get laid off, but not always.
IPO: short for "initial public offering," this is when the company starts trading its stocks publicly, which means anyone who wants to can start buying that company's stock, which really means that VCs (and employees with stock options) can turn that hypothetical money into real money by selling their company stock to interested buyers.
drawing from that, companies don't go for an IPO until they think their stock will actually be worth something (or else what's the point?)—specifically, worth more than the amount of money that investors poured into it. The Powers That Be will speculate about a company's IPO potential way ahead of time, which is where you'll hear stuff about companies who have an estimated IPO evaluation of (to pull a completely random example) $10B. actually I lied, that was not a random example, that was reddit's valuation back in 2021 lol. but a valuation is basically just "how much will people be interested in our stock?"
as such, in the time leading up to an IPO, it's really really important to do everything you can to make your company seem like a good investment (which is how you get stock prices up), usually by making the company's numbers look good. but! if you plan on cashing out, the long-term effects of your decisions aren't top of mind here. remember, the industry lingo is "exit scenario."
if all of this seems like a good short-term strategy for companies and their VCs, but an unsustainable model for anyone who's buying those stocks during the IPO, that's because it often is.
also worth noting that it's possible for a company to be technically unprofitable as a business (meaning their costs outstrip their revenue) and still trade enormously well on the stock market; uber is the perennial example of this. to the people who make money solely off of buying and selling stock, it literally does not matter that the actual rideshare model isn't netting any income—people think the stock is valuable, so it's valuable.
this is also why, for example, elon musk is richer than god: if he were only the CEO of tesla, the money he'd make from selling mediocre cars would be (comparatively, lol) minimal. but he's also one of tesla's angel investors, which means he holds a shitload of tesla stock, and tesla's stock has performed well since their IPO a decade ago (despite recent dips)—even if tesla itself has never been a huge moneymaker, public faith in the company's eventual success has kept them trading at high levels. granted, this also means most of musk's wealth is hypothetical and not liquid; if TSLA dropped to nothing, so would the value of all the stock he holds (and his net work with it).
what's an API, anyway?
to move in an entirely different direction: we can't get into reddit's API debacle without understanding what an API itself is.
an API (short for "application programming interface," not that it really matters) is a series of code instructions that independent developers can use to plug their shit into someone else's shit. like a series of tin cans on strings between two kids' treehouses, but for sending and receiving data.
APIs work by yoinking data directly from a company's servers instead of displaying anything visually to users. so I could use reddit's API to build my own app that takes the day's top r/AITA post and transcribes it into pig latin: my app is a bunch of lines of code, and some of those lines of code fetch data from reddit (and then transcribe that data into pig latin), and then my app displays the content to anyone who wants to see it, not reddit itself. as far as reddit is concerned, no additional human beings laid eyeballs on that r/AITA post, and reddit never had a chance to serve ads alongside the pig-latinized content in my app. (put a pin in this part—it'll be relevant later.)
but at its core, an API is really a type of protocol, which encompasses a broad category of formats and business models and so on. some APIs are completely free to use, like how anyone can build a discord bot (but you still have to host it yourself). some companies offer free APIs to third-party developers can build their own plugins, and then the company and the third-party dev split the profit on those plugins. some APIs have a free tier for hobbyists and a paid tier for big professional projects (like every weather API ever, lol). some APIs are strictly paid services because the API itself is the company's core offering.
reddit's financial foundations
okay thanks for sticking with me. I promise we're almost ready to be almost ready to talk about the current backlash.
reddit has always been a startup's startup from day one: its founders created the site after attending a startup incubator (which is basically a summer camp run by VCs) with the successful goal of creating a financially successful site. backed by that delicious y combinator money, reddit got acquired by conde nast only a year or two after its creation, which netted its founders a couple million each. this was back in like, 2006 by the way. in the time since that acquisition, reddit's gone through a bunch of additional funding rounds, including from big-name investors like a16z, peter thiel (yes, that guy), sam altman (yes, also that guy), sequoia, fidelity, and tencent. crunchbase says that they've raised a total of $1.3B in investor backing.
in all this time, reddit has never been a public company, or, strictly speaking, profitable.
APIs and third-party apps
reddit has offered free API access for basically as long as it's had a public API—remember, as a "make money later" company, their primary goal is growth, which means attracting as many users as possible to the platform. so letting anyone build an app or widget is (or really, was) in line with that goal.
as such, third-party reddit apps have been around forever. by third-party apps, I mean apps that use the reddit API to display actual reddit content in an unofficial wrapper. iirc reddit didn't even have an official mobile app until semi-recently, so many of these third-party mobile apps in particular just sprung up to meet an unmet need, and they've kept a small but dedicated userbase ever since. some people also prefer the user experience of the unofficial apps, especially since they offer extra settings to customize what you're seeing and few to no ads (and any ads these apps do display are to the benefit of the third-party developers, not reddit itself.)
(let me add this preemptively: one solution I've seen proposed to the paid API backlash is that reddit should have third-party developers display reddit's ads in those third-party apps, but this isn't really possible or advisable due to boring adtech reasons I won't inflict on you here. source: just trust me bro)
in addition to mobile apps, there are also third-party tools that don’t replace the Official Reddit Viewing Experience but do offer auxiliary features like being able to mass-delete your post history, tools that make the site more accessible to people who use screen readers, and tools that help moderators of subreddits moderate more easily. not to mention a small army of reddit bots like u/AutoWikibot or u/RemindMebot (and then the bots that tally the number of people who reply to bot comments with “good bot” or “bad bot).
the number of people who use third-party apps is relatively small, but they arguably comprise some of reddit’s most dedicated users, which means that third-party apps are important to the people who keep reddit running and the people who supply reddit with high-quality content.
unpaid moderators and user-generated content
so reddit is sort of two things: reddit is a platform, but it’s also a community.
the platform is all the unsexy (or, if you like python, sexy) stuff under the hood that actually makes the damn thing work. this is what the company spends money building and maintaining and "owns." the community is all the stuff that happens on the platform: posts, people, petty squabbles. so the platform is where the content lives, but ultimately the content is the reason people use reddit—no one’s like “yeah, I spend time on here because the backend framework really impressed me."
and all of this content is supplied by users, which is not unique among social media platforms, but the content is also managed by users, which is. paid employees do not govern subreddits; unpaid volunteers do. and moderation is the only thing that keeps reddit even remotely tolerable—without someone to remove spam, ban annoying users, and (god willing) enforce rules against abuse and hate speech, a subreddit loses its appeal and therefore its users. not dissimilar to the situation we’re seeing play out at twitter, except at twitter it was the loss of paid moderators;  reddit is arguably in a more precarious position because they could lose this unpaid labor at any moment, and as an already-unprofitable company they absolutely cannot afford to implement paid labor as a substitute.
oh yeah? spell "IPO" backwards
so here we are, June 2023, and reddit is licking its lips in anticipation of a long-fabled IPO. which means it’s time to start fluffing themselves up for investors by cutting costs (yay, layoffs!) and seeking new avenues of profit, however small.
this brings us to the current controversy: reddit announced a new API pricing plan that more or less prevents anyone from using it for free.
from reddit's perspective, the ostensible benefits of charging for API access are twofold: first, there's direct profit to be made off of the developers who (may or may not) pay several thousand dollars a month to use it, and second, cutting off unsanctioned third-party mobile apps (possibly) funnels those apps' users back into the official reddit mobile app. and since users on third-party apps reap the benefit of reddit's site architecture (and hosting, and development, and all the other expenses the site itself incurs) without “earning” money for reddit by generating ad impressions, there’s a financial incentive at work here: even if only a small percentage of people use third-party apps, getting them to use the official app instead translates to increased ad revenue, however marginal.
(also worth mentioning that chatGPT and other LLMs were trained via tools that used reddit's API to scrape post and content data, and now that openAI is reaping the profits of that training without giving reddit any kickbacks, reddit probably wants to prevent repeats of this from happening in the future. if you want to train the next LLM, it's gonna cost you.)
of course, these changes only benefit reddit if they actually increase the company’s revenue and perceived value/growth—which is hard to do when your users (who are also the people who supply the content for other users to engage with, who are also the people who moderate your communities and make them fun to participate in) get really fucking pissed and threaten to walk.
pricing shenanigans
under the new API pricing plan, third-party developers are suddenly facing steep costs to maintain the apps and tools they’ve built.
most paid APIs are priced by volume: basically, the more data you send and receive, the more money it costs. so if your third-party app has a lot of users, you’ll have to make more API requests to fetch content for those users, and your app becomes more expensive to maintain. (this isn’t an issue if the tool you’re building also turns a profit, but most third-party reddit apps make little, if any, money.)
which is why, even though third-party apps capture a relatively small portion of reddit’s users, the developer of a popular third-party app called apollo recently learned that it would cost them about $20 million a year to keep the app running. and apollo actually offers some paid features (for extra in-app features independent of what reddit offers), but nowhere near enough to break even on those API costs.
so apollo, any many apps like it, were suddenly unable to keep their doors open under the new API pricing model and announced that they'd be forced to shut down.
backlash, blackout
plenty has been said already about the current subreddit blackouts—in like, official news outlets and everything—so this might be the least interesting section of my whole post lol. the short version is that enough redditors got pissed enough that they collectively decided to take subreddits “offline” in protest, either by making them read-only or making them completely inaccessible. their goal was to send a message, and that message was "if you piss us off and we bail, here's what reddit's gonna be like: a ghost town."
but, you may ask, if third-party apps only captured a small number of users in the first place, how was the backlash strong enough to result in a near-sitewide blackout? well, two reasons:
first and foremost, since moderators in particular are fond of third-party tools, and since moderators wield outsized power (as both the people who keep your site more or less civil, and as the people who can take a subreddit offline if they feel like it), it’s in your best interests to keep them happy. especially since they don’t get paid to do this job in the first place, won’t keep doing it if it gets too hard, and essentially have nothing to lose by stepping down.
then, to a lesser extent, the non-moderator users on third-party apps tend to be Power Users who’ve been on reddit since its inception, and as such likely supply a disproportionate amount of the high-quality content for other users to see (and for ads to be served alongside). if you drive away those users, you’re effectively kneecapping your overall site traffic (which is bad for Growth) and reducing the number/value of any ad impressions you can serve (which is bad for revenue).
also a secret third reason, which is that even people who use the official apps have no stake in a potential IPO, can smell the general unfairness of this whole situation, and would enjoy the schadenfreude of investors getting fucked over. not to mention that reddit’s current CEO has made a complete ass of himself and now everyone hates him and wants to see him suffer personally.
(granted, it seems like reddit may acquiesce slightly and grant free API access to a select set of moderation/accessibility tools, but at this point it comes across as an empty gesture.)
"later" is now "now"
TL;DR: this whole thing is a combination of many factors, specifically reddit being intensely user-driven and self-governed, but also a high-traffic site that costs a lot of money to run (why they willingly decided to start hosting video a few years back is beyond me...), while also being angled as a public stock market offering in the very near future. to some extent I understand why reddit’s CEO doubled down on the changes—he wants to look strong for investors—but he’s also made a fool of himself and cast a shadow of uncertainty onto reddit’s future, not to mention the PR nightmare surrounding all of this. and since arguably the most important thing in an IPO is how much faith people have in your company, I honestly think reddit would’ve fared better if they hadn’t gone nuclear with the API changes in the first place.
that said, I also think it’s a mistake to assume that reddit care (or needs to care) about its users in any meaningful way, or at least not as more than means to an end. if reddit shuts down in three years, but all of the people sitting on stock options right now cashed out at $120/share and escaped unscathed... that’s a success story! you got your money! VCs want to recoup their investment—they don’t care about longevity (at least not after they’re gone), user experience, or even sustained profit. those were never the forces driving them, because these were never the ultimate metrics of their success.
and to be clear: this isn’t unique to reddit. this is how pretty much all startups operate.
I talked about the difference between “make money now” companies and “make money later” companies, and what we’re experiencing is the painful transition from “later” to “now.” as users, this change is almost invisible until it’s already happened—it’s like a rug we didn’t even know existed gets pulled out from under us.
the pre-IPO honeymoon phase is awesome as a user, because companies have no expectation of profit, only growth. if you can rely on VC money to stay afloat, your only concern is building a user base, not squeezing a profit out of them. and to do that, you offer cool shit at a loss: everything’s chocolate and flowers and quarterly reports about the number of signups you’re getting!
...until you reach a critical mass of users, VCs want to cash in, and to prepare for that IPO leadership starts thinking of ways to make the website (appear) profitable and implements a bunch of shit that makes users go “wait, what?”
I also touched on this earlier, but I want to reiterate a bit here: I think the myth of the benign non-monetized internet of yore is exactly that—a myth. what has changed are the specific market factors behind these websites, and their scale, and the means by which they attempt to monetize their services and/or make their services look attractive to investors, and so from a user perspective things feel worse because the specific ways we’re getting squeezed have evolved. maybe they are even worse, at least in the ways that matter. but I’m also increasingly less surprised when this occurs, because making money is and has always been the goal for all of these ventures, regardless of how they try to do so.
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