SANTA CLARA, Calif.--(BUSINESS WIRE)--Sep 26, 2023--

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The current outrage at Reddit will “pass”, its chief executive has said, as the site continues to deal with one of its most significant protests ever. In recent days, many of the site’s largest forums have gone “dark”, as moderators set them to private, meaning they cannot be seen by the world. The changes also meant that Reddit became overwhelmed and stopped working for a brief period on Monday. That was a response to a move by Reddit to start charging for access to its data, which meant that third-party apps for viewing the forum became unsustainable. Reddit chief executive Steve Huffman said that the protest was a “challenge” and “we have our work cut out for us”. Staff have been working around the clock to deal with technical problems and engage with the moderators who run those forums, he said in a memo that was first reported by The Verge. He also said that the company has “not seen any significant revenue impact so far and we will continue to monitor”. “There’s a lot of noise with this one. Among the noisiest we’ve seen,” he wrote. “Please know that our teams are on it, and like all blowups on Reddit, this one will pass as well. The most important things we can do right now are stay focused, adapt to challenges, and keep moving forward.” He suggested that while two biggest third-party apps had announced they would be shutting down, along with some others. But he said that others were still in “conversations” with the company. Mr Huffman also advised staff that they should be “mindful of wearing Reddit gear in public”. “Some folks are really upset, and we don’t want you to be the object of their frustrations.” He also claimed that “starting last night, about a thousand subreddits have gone private”. That is far below third-party estimates, which suggest that the vast majority of the thousands of the site’s forums have gone dark. Reddit’s chief executive has been at the heart of the fallout over the changes at the site. He conducted an ask me anything session on the site, intended on quelling protest – but which was met with widespread criticism from the site’s users and moderators. Unlike other social networks such as Facebook, Reddit relies on unpaid moderators to check the content and administer the posts on its forums. As such, those moderators are able to make changes to the forums as they wish.

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A major bank has recorded a 74% surge in the number of reports of vehicle scams in the first half of this year, with victims losing nearly £1,000 on average. The Ford Fiesta is the most commonly-reported model to feature in vehicle-related scams so far this year, according to Lloyds Bank. Bogus offers of BMWs and Audis also feature heavily among the fake ads, with motorbikes and classic cars also cropping up regularly, it added. There is also a thriving trade in fake ads for parts and accessories, such as alloy wheels, the bank said. According to the testimony of scam victims, vans are also often popular because people are seeking cheap models to be converted in campervans, Lloyds said. The findings were based on analysis of scams reported by Lloyds Banking Group customers during between January and June 2023. This was then compared with the same period in 2022 – and a 74% increase was found. Lloyds said victims are losing an average of £998, with people aged between 25 and 34 being the most likely age group to report being duped. Scams work by fraudsters creating fake posts on social media or online marketplaces to advertise vehicles that do not exist. They will include pictures of genuine cars or vans to convince the unsuspecting buyer that they are genuine. When a potential buyer responds, they will often be asked to make a deposit to “secure” the car, or even sometimes to pay the full amount, alongside excuses as to why the car cannot be physically viewed ahead of the payment being made. The fraudster will often apply pressure-selling tactics, telling the buyer the car is very popular, that they have several other offers, or that the payment must be made by a certain deadline, Lloyds said. Victims may be tricked into sending money via bank transfer. As soon as the payment is made, the buyer will be blocked and the seller’s profile will disappear. Occasionally, a fake address will be provided at which to collect the car, leaving buyers with a wasted trip alongside the financial loss. Ford Fiestas have been highly popular in the genuine sales market. Figures released by the Society of Motor Manufacturers and Traders (SMMT) in August indicated that the Ford Fiesta was the UK’s best-selling used car between April and June. The manufacturer recently ended production of the car at its factory in Cologne, Germany. If you do want to buy something you've found through social media, only transfer funds once the car is in your possession Liz Ziegler, Lloyds Bank Liz Ziegler, fraud prevention director at Lloyds Bank said: “Buying directly from approved dealers is the best way to guarantee you’re paying for a genuine vehicle, and always use your debit or credit card for maximum safety. “If you do want to buy something you’ve found through social media, only transfer funds once the car is in your possession.” Here are some tips from Lloyds Bank to avoid vehicle scams: 1. Fraudsters use social media to advertise vehicles that do not exist. Always do your own research and do not part with any money until you have viewed, and tested, the vehicle in person. 2. Check documents. Always ask to see the seller’s logbook, to verify that the seller is the legitimate owner. 3. The safest way to buy a new or used car is often from well-known, approved dealers. Organisations such as the AA offer specific guidance for buying cars unseen. 4. Low prices and pressure selling tactics are often used to target victims. Question if a deal looks “too good to be true” and compare prices from trusted sources. 5. Always use your debit or credit card when you shop online. This helps to protect your money should something go wrong. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Standard Life confirms plans for pensions dashboard BBC reviews Russell Brand’s time at corporation as YouTube demonetises content BBC removes some Russell Brand content as monetisation suspended on YouTube