Reddit faces new reality after cashing in on its IPO
Reddit faces new reality after cashing in on its IPO
Reddit must now answer to its shareholders as well as its vocal users.
cross-posted from: https://lemmy.zip/post/12276054
Reddit must now answer to its shareholders as well as its vocal users.
I dunno about you, but if I click a link and it says they're going to share my info with 164 'vendors', then only shows an "accept" button, they can fuck right off and I'll never go to their website again
It's 2024, that shit's illegal in the modern world
If the site is like that, then they probably already shared your info with everyone.
So you prefer sites that share your data without letting you know?
Sounds like something I'm too European to worry about 😂
Fuck Spez.
Reddit has never been a business capable of generating significant profit. It only exists because it was less monetized than the alternatives. By abandoning this philosophy, Reddit is guaranteed to be the next Digg.
The top comment is "Fuck spez." Hah.
sustained growth can't succeed along with the surroundings. I would like to believe that gross mismanagement would lead to the downfall of this once super cool website but I also think twitter is a stupid idea so I'm a bad judge of what will get funding. I wonder how much of that funding is shell corporations from intelligence agencies harvesting user data and training computer models though too.
Letting the users have their way seems like a great way to harvest better quality data from the user base. Not that I’m in favor selling user data…
Year of the lemmy ?
Maybe in a few years.
Right now we're talking 0.0057% of the monthly active users. Lemmy likes to hype itself up a lot, but the market share is incredibly tiny, and likely will be for years to come. As a platform Lemmy would be incapable of handling that kind of scale, from both a software, design, hosting, logistics, cost, moderation, and community perspective.
I'll be here, but let's check in each year on it. I'm guessing it will be a few before we either see accelerating growth, or Lemmy is upset by better designed federated social media software, or it'll just be fragmented between dozens of competing platforms.
New meme just dropped
Reddit sucks blue waffles
Yeah ok. The new reality it must face is as the temporarily inconvenienced Twitter that it’s been trying so hard to be.