this post was submitted on 14 Jul 2023
995 points (98.4% liked)
Technology
59377 readers
4098 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This. My static websites are on GCP with Cloudflare https. Storage costs are almost literally zero. I pay when people access/read. My storage cost is never over 8 bucks/month. Unused, 10 cents a year.
How much data are you storing and how much do you think reddit is?
Oh no comparison! Mines like 10 to 50 gb. I assume reddit's is in high terabytes.
The point is cloud services charge for data leaving storage over networks.
Just guessing, and I'm not gonna RTFM and do the math, but for "cold line" storage a static petabyte would be maybe hundreds of dollars/mo max. That's noise to them.
Right but the difference is Reddit is now charging an extortionate amount for data access via the API when compared to other platforms.
What do you think this (if achieved what was hoped) massive new flow of income was supposed to help sustain?
Oh yeah, infrastructure costs.
GROWTH. The upcoming IPO is for a publicly traded growth corporation. Read about how they work. The side 2ffects are appalling.
It is nothing like you'd imagine a corner store working, where profit is the goal.
No need to be quite so condescending is there?
I fully understand how they work.
Seems like this growth they should be trying to achieve is fucking futile when they:
Not to mention, infrastructure costs lead to growth.
If you don’t have the resources to support your current platform, you shouldn’t be actively trying to grow the platform by discarding older content. It makes those accessing and making use of the content (be it individual or institutional) lose trust in the quality of data.
Great growth strategy that.
My apologies! I was commenting only on the cost of cold line storage, for the hypothesis reddit is offline storing data, only. I meant, there, to know the cost look for the pricing page it's reasonably readable.
Tbh I find the order of Lemmy reply presentation a bit confusing sometimes.
He means the business model they're going for with the IPO.
Growth means the value of the company. The shares. The stockholders getting dividends. It has fuck all to with user experience, or even user growth. It's about manipulating information and using clever accounting to get investors to give you money.
The company is worth fuck all if their sole “money generation” process is via user data and authentic conversation.
Users ARE Reddit.
No content, no value.
No value? No dividends.