Reddit's cofounder Steve Huffman said in its early days he filled up most of the site with content using different accounts until it got more users.
Now the social media platform is aiming for an IPO in the first quarter of 2024 with a valuation of $15 billion, and has been in talks with potential investors like Goldman Sachs and and Morgan Stanley, per Bloomberg.
People here tend to think we’ve made a dimple in reddits statistics and our voices were heard. Nope, both reddit and it’s users couldn’t give a fuck that we’re gone. Most of reddit is not your niche communities you miss, its dumb memes, content copied from facebook and politics. Vast majority of users just installed the app and are happily scrolling away building someones personal wealth, remaining oblivious how much reddit knows about them and how much greasy, fat fingers of shit hoarders like goldman sachs would like to exploit that info.
I have a different take on this. Spez is the reason we even have a viable alternative to Reddit.
Many Reddit competitors have come and gone over the years. Among the few I have used including Hubski, Snapzu, SaidIt, Voat, Ruqqus, Tildes and Syzitus, I have seen these platforms either turn into walled-off gardens with strict moderation (Snapzu & Tildes), fail to attract a user base (Syzitus & Hubski) or get commandeered by banned Reddit users and become right wing shitholes.
Lemmy is the closest we've ever come to circa 2012 Reddit and frankly, I hope it doesn't become mainstream.
I don't want to sound like some kind of pretentious hipster but going mainstream was what killed Reddit for me.
Yeah, I don't think Lemmy is "hurting" reddit, but something happened during those big exoduses and the content for some (maybe most) subreddits has gotten worse.