What else will be left to IPO once every subreddit has gone dark?
When you upset a community-driven platform, you always get your comeuppance sooner than later.
What else will be left to IPO once every subreddit has gone dark?
When you upset a community-driven platform, you always get your comeuppance sooner than later.
@viticci I think your 1/3rd stat is inaccurate. I believe the total shown on that site represents a list of subreddits that have said they will go dark. Not total subreddits.
As of May 2022, there are 3.4 million subreddits. Source: https://www.businessdit.com/how-many-subreddits-are-there/
@mkbomb1 @viticci @christianselig @Mastodon I think we're already too far down the road, with Huffman's recent behaviour towards Christian Selig and other third-party devs; there's no rowing back from that.
There are positives though: the exodus to #fediverse services is good for the long-term health of the Internet, and I'm just one of thousands trying it out over the last week.
@viticci I was seeing some mods announce the blackout, along with a "fuck it, as long as it takes, we're making it indefinite!" post.
Several people responded asking what this was about, because they "really only use this subreddit and don't follow this stuff."
Reddit underestimates how much closer mods are to the users than they are, this will definitely cost them something. A whole lot of those active users are pretty narrowly focused, and only stay for one random community.
@waynedixon @viticci in a way, this has come down to Reddit trying to strongly herd mobile users into using their official app, so they can increase their ad revenue, & it’s hobbled or completely interfered with a lot of moderation teams.
Many of those mod teams remember the Bad Old Days of 2015-2020, when Reddit welcomed violent white supremacists & misogynists, & mod teams did 99% of the effort in dealing with those, while Reddit admins did 1% of the effort.
I don’t want this to be true but I said something similar in threads declaring the end of Netflix due to them ending account sharing - Not enough people care about this and the fact that more subs can be created means that even if the blackout disrupts usability initially, either those mods will just be removed by admins or people will move to other subs.
That said, I’m deleting 14yrs of submissions and comments and moving to Lemmy. Fuck Spez.
I wonder if anyone has figured out a way to IPO pure debt companies,, Like bankrupt ones... Or ones on the way there... Kind of like Twitter.
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@dottorblaster @viticci I totally agree. It’s a necessary step. Communities like Reddit have become too valuable because of their content. The content is always provided by users. So the users are the value of those companies. Having this value centralized in hands of a single company that needs to use it to monetize caused what we see today.
That’s why the Fediverse is important: with pros and cons, it distributes this value back to many, to who it belongs.
@danieletorelli @viticci I absolutely agree, and Reddit was still largely grep-able by search engines. I saw communities hosting contents on Discord. That’s really chaotic evil. Proprietary platform *and* nothing to help you out with indexing.
Maybe people are taking the Internet back.
But this is really a long shot.