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Joined 2 years ago
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Cake day: June 12th, 2023

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  • Defederation works against that though. When I first joined a few weeks ago, a lot of the discussion was taking place on Beehaw. I joined a few communities over there and started to enjoy the experience but in an instant, all of that was blocked because Beehaw decided to defederate from Lemmy.World (and others). That sort of thing will happen more and more in the future. I don’t want to have to create a dozen different accounts on a dozen different instances to view the content I want to see: I want a simple interface with everything in one spot.

    Reddit offers the “everything in one spot” piece, but they killed the simple interface possible via apps like RIF and replaced it with an abysmal official app.

    Lemmy offers the “simple interface” piece with apps like Jerboa, but the federation aspect of it makes it hard to get everything in one spot.

    The second a competitor offers both features with a large enough community to allow for meaningful discussion, I’d be happy to make the switch.


  • So far, yes, but I don’t really have any allegiances to this site and will jump ship to a competitor in a heartbeat if something better comes along. I know some people like the decentralized federation approach here, but I actually see that as the biggest downside to using this site. The value proposition of Reddit in its heyday was that it offered a single landing point for all sorts of discussions that used to be scattered across hundreds of different forums. The decentralized federation approach moves away from that, and while that offers some advantages, it also comes with a lot of disadvantages too.


  • In what context?

    In the insurance world, you sometimes see the phrase “L+ALAE Ratio” to refer to the ratio of (losses + expenses) divided by premium. It’s a way to measure profitability for a book of insurance business: how many dollars of loss and expense do you have to pay per dollar of premium earned? Lower is better, and you don’t want that ratio too much higher than 100%, because that means premiums aren’t high enough to cover losses (though investment income can sustain small underwriting losses).

    I could see “L+” used as shorthand for “L+ALAE” or “L+ALAE+ULAE,” though admittedly, I’ve never seen that specific shorthand used.




  • Yep. The rising interest rates is an enormous part of it, and it’s not really getting discussed that much. Basically, the 2010s were a period of historically extreme low interest rates. When you can borrow for cheap as you could during the 2010s, you could easily fund growth via borrowed capital. Money was flowing everywhere. Tech companies in particular could get funding from places like Silicon Valley Bank, so profitability was a secondary concern, with growth as the primary concern. No need to be profitable if you can fund your day-to-day operations with cheaply borrowed money.

    In the current environment, things are very different. Cost of capital is much higher now, so borrowing to fund the day-to-day isn’t as feasible anymore. Those rising interest rates ultimately led to Silicon Valley Bank’s collapse in March: They held a lot of long term US Treasuries on their balance sheet, so they were forced to show huge unrealized losses with rising interest rates because of mark-to-market accounting. That collapse cut off a huge source of funding for Reddit and other tech companies.

    The result is predictable: Reddit needs to turn to profitability, and they have to do it fast. It absolutely sucks for long time users, but they no longer have access to the same funding source that kept the place afloat in the 2010s.

    Reddit isn’t unique in this. Other tech companies show a similar pivot to profitability after funding growth with cheap money in the low interest rate environment of the 2010s. Uber is a good example: Borrow money for cheap to fund operations at a loss for a few years, and all of a sudden, you’ve gained huge market share because you’ve undercut the cost that taxis charge. After that money dries up though, you have to raise costs to pivot to profitability. Today, Ubers are often more expensive than the Yellow Cab you may hail from the street, but people are so used to using Uber that they don’t compare prices anymore.


  • The “Top Day” sorting option does this, but posts fall off a cliff rather than falling off gradually. My understanding is that they’ll remain on the page from hour 0 to hour 23, but then completely disappear starting in hour 24.

    Instead of that, it would be ideal to implement a mathematical formula that pushes pages higher into the rankings with every upvote, comment, or view it gets, but pushes posts lower in the rankings with every additional hour passed. You have to tweak the specific parameters of that formula to get it right, but it essentially forces posts off the page after enough time has passed, while introducing new posts to replace the old. Unlike the “Top Day” sort where things are a step function, the idea with this is to make it gradual so that a popular post falls from #1 overall down to #2, then #3, etc. over the course of a day.


  • Agreed. Something like Top for the last 4 hours would be super easy to implement because Top for the last day already exists (just change 24 hours to 4 hours in the code that fetches comments). However, for those that are used to checking the site multiple times in a day, you don’t want to ge served up the same content every time you check. Top for the past 4 hours would seemingly be a decent balance between giving posts that have some type of traction while not giving posts that are stale.