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[NEXT LEVEL lames™] ResetEra sold to M.O.B.A. Network for USD$4.55 million

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StreetsofBeige

Gold Member
On the bolded - sure, it could have, but why would Cerium pay them when they're happily doing it for free and volunteered to do it for free? Would it have been nice of him to give all the mods a bit of a little payout as a gesture when the buyout happens? Absolutely! The mods are however not owed a cent. They chose to work for free. They volunteered their time, no one forced them. They don't deserve any money simply for doing it.
From a business standpoint, Cerium actually did the right thing.

He took advantage of the 2017 situation being an ambulance chaser, and got a shit load of followers to his site. He got people handling the moderation for free and as seen by the operational profits, he's making tons of money. He doesn't even post on the site barely anyway, so it's not like he's sitting there posting every hour somewhere.

He made giant money selling out and more yearly.

But the whole thing is like a dark cloud over Reeee because the site and users are amped up being Robin Hood, anti-right, anti-corporate, and anyone who drives a nice car is a greedy scoundrel who'd backstab you for a promotion at work.

I dont think anyone would think Reeee would sell out for $4.5M (+ annual profits) with the owner hoarding it all with probably 50 mods over the years working for free. So what happened is they all followed a fearless leader who was supposedly the saviour of ethics to come on over talk games, talk politics, an shit on money grubbers.

But turns out Cerium is just like the money loving asstards they all hate (profiteering sell outs who pay workers dick all). He's golden parachuting out the door and they'll never see that guy ever again.
 
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kingwingin

Member
UICA4Zf.png


She's starting to lose her shit. Again. The money is going to

a) Pay off her extortionate car loan
b) Buy a new fursuit.

Either a or b are actually a joke.
What's the deal with the car loan? Never heard of this person before this thread
 

BadBurger

Many “Whelps”! Handle It!
What's the deal with the car loan? Never heard of this person before this thread

She was excited at some point for financing a new economy car for something crazy like 20% interest - loan rates that are actually illegal in many states. She did this while working retail - Walgreens or something like that. Basically she's as much of a mess off site as she is when she's in big shot reereee admin mode.
 

FUBARx89

Member
She was excited at some point for financing a new economy car for something crazy like 20% interest - loan rates that are actually illegal in many states. She did this while working retail - Walgreens or something like that. Basically she's as much of a mess off site as she is when she's in big shot reereee admin mode.

You forgot a pretty impressive part about this. It was her step dad that got her the ridiculously high loan for the car.
 

Marty-McFly

Banned
How did they go several years protesting about minorities to the point where it regularly infiltrated gaming discussion and not have it set up so that the proceeds from the forum went to charities for them instead of random guy? Your tears of blood and rage amounted to absolutely nothing for absolutely nothing but to line Cerium's pockets with gold, clowns :messenger_tears_of_joy:
 

StreetsofBeige

Gold Member
Nepenthe still trying to pressure people into donating. It's like a bum following you the entire block shaking his tin cup.

The reason why almost everyone doesn't want to pay you is because you should had got Cerium (or now the new place) to pay you. But the grift is now aimed at users because deep down no owner is going to pay you a nickel at Reee.

tPL8uZF.jpg
XN0eh05.jpg
 

Porcile

Member
What exactly have they bought for 4.5 million? No assets and no products. The only asset and "product" they have are the users who generate ad revenue and could quite easily decide to up sticks at any time and move onto a completely different platform. Do they even know how ResetEra was created ? A mass exodus from one forum to another leaving the former high and dry. It could happen any time.

Also, wouldn't be surprising to see censorship ramped up even more now. MOBA games and overt anti-Chinese government sentiment don't tend to mix well.

Lastly, the irony of the guy cashing out with 4.5 million and the people on their applauding him. Surely the beginning of the end. What dumb and completely pointless existence that forum has had.
 
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StreetsofBeige

Gold Member
She was excited at some point for financing a new economy car for something crazy like 20% interest - loan rates that are actually illegal in many states. She did this while working retail - Walgreens or something like that. Basically she's as much of a mess off site as she is when she's in big shot reereee admin mode.
Hahaha. I faintly remember that story. I didn't remember it was Nepenthe. I do remember it was a simple economy car too. The amount of interested paid after the term will probably be as much as the car itself. lol

Last car loan I got was 1.9%.

Ya, 20% doesn't even seem legal. That's credit card territory. The first car loan I got like 20 years ago for a Honda Civic (when interest rates were way higher than recent years was I think about 5% from my bank as the car lot was higher).
 

DeepEnigma

Gold Member
Nepenthe still trying to pressure people into donating. It's like a bum following you the entire block shaking his tin cup.

The reason why almost everyone doesn't want to pay you is because you should had got Cerium (or now the new place) to pay you. But the grift is now aimed at users because deep down no owner is going to pay you a nickel at Reee.

tPL8uZF.jpg
XN0eh05.jpg
This is so sad, pathetic 🤣
 

j0hnnix

Member
Nepenthe still trying to pressure people into donating. It's like a bum following you the entire block shaking his tin cup.

The reason why almost everyone doesn't want to pay you is because you should had got Cerium (or now the new place) to pay you. But the grift is now aimed at users because deep down no owner is going to pay you a nickel at Reee.

tPL8uZF.jpg
XN0eh05.jpg
This is such a bad look for she/her/they/them. Person keeps enforcing the the users wanted to pay the mods so "I provided a solution". Oh boy.
 

ssringo

Gold Member
Looking at their mods defending the whole thing is reminiscent of all those about crunch culture. You know, nobody is willing/able to go against the grain (of crunch) and speak up and just feed into the cycle.

I bet there's at least one mod over there in this situation now. Super pissed but scared to be the first brick to fall.
 
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James Sawyer Ford

Gold Member
What exactly have they bought for 4.5 million? No assets and no products. The only asset and "product" they have are the users who generate ad revenue and could quite easily decide to up sticks at any time and move onto a completely different platform. Do they even know how ResetEra was created ? A mass exodus from one forum to another leaving the former high and dry. It could happen any time.

Also, wouldn't be surprising to see censorship ramped up even more now. MOBA games and overt anti-Chinese government sentiment don't tend to mix well.

Lastly, the irony of the guy cashing out with 4.5 million and the people on their applauding him. Surely the beginning of the end. What dumb and completely pointless existence that forum has had.

should have just lit that money on fire instead

it’s a terrible deal. The community was founded on mutiny and communist ideology. Did they not expect a backlash by being bought? Shouldn’t that factor in to the price they paid?

the audience is so flippant that a mod revolt could splinter the community (and I hope it does), so that the blue haired mini mouse furry brigade lunatics only have their small discord channel to run off to.

i think the only way to genuinely salvage that board is a hostile takeover, removing all mods and all the progressive pandering policies and get back to why people even visited to begin with, gaming and not politics masquerading as gaming
 

KrakenIPA

Member
I am sooo curious how Nepenthe's latest bullshit is translated into Swedish and viewed by new ownership. The performative drama posting <can't> be a good look, right?
 

K' Dash

Member
Mods over there managed to nuke Media Create Sales threads - a tradition going on for about 15 years - by pissing off Chris and other members with, what else, unwarranted bans.

Here's the readers' digest version: https://mobile.twitter.com/i/events/1444796077677465605

It's an epic read that gets more juicy with every new twist. I love when someone was brave enough to call out the mods on their shit and produced evidence of their bad faith arguments via screenshots of Discord messages.
In the light of these events, Morrigan resigned as a mod, too.

I was there. It was a lot of fun seeing the Sales people getting banned until the thread was a graveyard. Nephente went nuts with the last post locking the thread for the first time.

Then the news about the mods started bleeding out the sales thread but the mods silenced everything pretty quickly, banned anyone daring talk about it and deleted the threads.

The only difference with the GAF exodia was that when everything started exploding here, the mods let the forum burn, at Resetera few people knew that they were *this* close to fall apart.
 
I dont blame Cerium for selling it to a corporation which owns casinos, gambling websites and shit like that. Like... do some Era members actually think that matters? Dude got offered 4.5 million, most people would have sold the website even to a corportation that kick and dissect dogs (btw never kick or dissect dogs, guys)
 

K' Dash

Member
Nepenthe still trying to pressure people into donating. It's like a bum following you the entire block shaking his tin cup.

The reason why almost everyone doesn't want to pay you is because you should had got Cerium (or now the new place) to pay you. But the grift is now aimed at users because deep down no owner is going to pay you a nickel at Reee.

tPL8uZF.jpg
XN0eh05.jpg

Nephente is the most pathetic piece of shit I've seen in a while.
 
There’s really no arguing with crazy. Mods asking for donations and when you call them out, we’re somehow the crazy ones?! Next level 4D chess tactics.

And she called me a monochromatic freeloader … thanks I guess, whatever that means.
I burst out laughing when she said freeloader. Years of doing it for free then bullies users for calling out that scummy shit.

popcorn-dance.gif
 
This shit is absolutely glorious to watch. As happy as I am to have no part of ERA anymore, I almost wish my account was still active there, just so I could get banned again. Seeing the mods ask for money and actively guilt people into "tipping" is the richest nonsense I've seen in a while. Unless they were promised an equity stake upon signing up as admin/mods, they are the ones moving the goalposts, imo. This Nepenthe character seems like a real piece of work, too. Everyone is all bent out of shape about Cerium getting paid, but she's out there telling folks it's none of their business what she does with her $150 in tips, like anyone gives an actual shit.

Secondly, $4.5m is a ton of cash to an individual, but a drop in the bucket for nearly any company out there looking to actually acquire, well, basically anything.
 
There was a lot of setup leading into the era being created….you don’t just suddenly have a site ready to go and an army of mods ready to go

this place was de-stabilised for months leading up to the implode and they basically used a bullshit accusation as ammunition to try and take control here

cerrium is certainly the little doctor evil who pretty much played everyone and ran away with the cash….most of that forum are too dumb to realise this…it’s glorious watching this shit show
 

StreetsofBeige

Gold Member
There’s really no arguing with crazy. Mods asking for donations and when you call them out, we’re somehow the crazy ones?! Next level 4D chess tactics.

And she called me a monochromatic freeloader … thanks I guess, whatever that means.
I burst out laughing when she said freeloader. Years of doing it for free then bullies users for calling out that scummy shit.
Hey dont laugh.

If you ever run a business and need someone to work for free for 4 years, where their source of income comes from asking customers and not you or HR, thats the kind of attitude I like.

Just don't put him/her in front of customers. Make the job strictly a desk job doing admin work for free.
 
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Airbus Jr

Banned
There’s really no arguing with crazy. Mods asking for donations and when you call them out, we’re somehow the crazy ones?! Next level 4D chess tactics.

And she called me a monochromatic freeloader … thanks I guess, whatever that means.
Why you still have acount there

Leave that godforsaken place forever asap brother

No need to engage with them any further

Have a nice day
 
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Paltheos

Member
Brilliant. The hustle by Cerium has to be respected. The cherry on top has to be the brigade of white knights defending him. How can the staff bemoan the stress and difficulty of running and moderating a... volatile website while simultaneously not so much as dropping a word about how they might feel about the guy who owns the website and hasn't been visible on it for almost two years walking away with a cool 7-digits? Like, what the fuck? Even if you don't think you deserve anything, even if you really are that altruistic, how can you not feel anything about a guy who seems to have done nothing now profiting off a website you worked on, at its expense, that was supposed to be for you and the community?
 
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StreetsofBeige

Gold Member
This shit is absolutely glorious to watch. As happy as I am to have no part of ERA anymore, I almost wish my account was still active there, just so I could get banned again. Seeing the mods ask for money and actively guilt people into "tipping" is the richest nonsense I've seen in a while. Unless they were promised an equity stake upon signing up as admin/mods, they are the ones moving the goalposts, imo. This Nepenthe character seems like a real piece of work, too. Everyone is all bent out of shape about Cerium getting paid, but she's out there telling folks it's none of their business what she does with her $150 in tips, like anyone gives an actual shit.

Secondly, $4.5m is a ton of cash to an individual, but a drop in the bucket for nearly any company out there looking to actually acquire, well, basically anything.
Ah, let her have the wallet busting $150 for 4 years of service. I hope she doesnt spend it all at once, because the next $150 might not show up until 2025.

At one of my shitty summer jobs during university, I made $150 in two days. And all I had to do was literally break down big boxes of ingredients into small sealed bags of candy and mixed nuts. And every week we got free shit to take home too.
 

Bulletbrain

Member
I'm sorry if this has been explained earlier, but why exactly are members clamouring for moderators to be paid now? Seems like the mods themselves are perfectly fine treating it as a volunteer no-pay job. I don't get it.
 

nush

Gold Member
There was a lot of setup leading into the era being created….you don’t just suddenly have a site ready to go and an army of mods ready to go

this place was de-stabilised for months leading up to the implode and they basically used a bullshit accusation as ammunition to try and take control here

cerrium is certainly the little doctor evil who pretty much played everyone and ran away with the cash….most of that forum are too dumb to realise this…it’s glorious watching this shit show
EllipticalImmaculateBarnowl-small.gif
 

StreetsofBeige

Gold Member
I'm sorry if this has been explained earlier, but why exactly are members clamouring for moderators to be paid now? Seems like the mods themselves are perfectly fine treating it as a volunteer no-pay job. I don't get it.
1. Because some people think with Cerium's windfall (and word got out he was already making profits per year too), he should had spread the wealth instead of hoarding it all

2. Some users are trolling mods because they got nothing out of it in 4 years. One guy even tried to brush it off saying $4.5M isnt even that much and got a bunch of mods to respond saying it's obviously a lot of money. That way he trolled them into thinking about the money Cerium got

Its obvious mods are pissed but wont admit it. Earlier tonight a bunch were kind of hinting at getting donations. Turns out Nepenthe actually did it aout 3 hours ago as right now has 33 sign ups for $5. He/she just made $165 and all he did was spending 2 minutes signing up an account.

Dont be surprised if other mods join in now hoping for some Reee user money.
 
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Atrus

Gold Member
What exactly have they bought for 4.5 million? No assets and no products. The only asset and "product" they have are the users who generate ad revenue and could quite easily decide to up sticks at any time and move onto a completely different platform. Do they even know how ResetEra was created ? A mass exodus from one forum to another leaving the former high and dry. It could happen any time.

Also, wouldn't be surprising to see censorship ramped up even more now. MOBA games and overt anti-Chinese government sentiment don't tend to mix well.

Lastly, the irony of the guy cashing out with 4.5 million and the people on their applauding him. Surely the beginning of the end. What dumb and completely pointless existence that forum has had.

Probably "Growth".

The site celebrated it's 4th anniversary. You typically need 2 or 3 years of audited financial records to provide potential buyers and this would paint the site as having phenominal revenue growth projections. Basically, Cerium wasted little time monetizing the site and then hocking it for a profit.

It was unlikely that the site would have better prospects in the future.
 
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