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Comment by JJMcJ | Hacker News Reader

The joke definition of Web 2.0: You make the content, we make the money.

Well, don't piss off the content makers, or the content consumers.

Uh doesn't Reddit owe its community 10% per sama's Series B article https://blog.samaltman.com/reddit ? "So, the Series B Investors are giving 10% of our shares in this round to the people in the reddit community, and I hope we increase community ownership over time." Whatever happened to this? Will we end up getting it before or after sama gives us UBI, open AI, and fusion completely altruistically?

Why haven’t we heard about this more widely?

Uh. Is that language legally binding?

To be fair I think Reddit predates "web 2.0" by a big gap. Which is probably why they were successful; they did it before everyone else.

they didn't predate it. Reddit was founded when "web 2.0" was the hot new buzzword.

My bad, thanks for the correction.

Would you mind correcting your first comment please? It’s not a big deal but sometimes people stop reading deeper and they might continue to believe your mistake and misunderstand the history.

> The term was coined by Darcy DiNucci in 1999[3] and later popularized by Tim O'Reilly and Dale Dougherty at the first Web 2.0 Conference in 2004.

https://en.wikipedia.org/wiki/Web_2.0

Reddit was launched in 2005 (which I admit is a year or two earlier than I remember/would have guessed).

I think 2004 is when the concept really gained currency.

So no one remembers Digg anymore, and how Reddit initially grew because Digg was pissing off its own community.

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